Newmont Co. (NYSE:NEM) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Newmont Co. (NYSE:NEM) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,571,240 shares of the basic materials company’s stock after purchasing an additional 630,031 shares during the quarter. Dimensional Fund Advisors LP owned 0.67% of Newmont worth $281,797,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Norges Bank purchased a new stake in shares of Newmont in the 4th quarter valued at approximately $626,074,000. Renaissance Technologies LLC bought a new stake in Newmont during the fourth quarter valued at about $76,281,000. Invesco Ltd. grew its stake in shares of Newmont by 23.9% in the fourth quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company’s stock worth $391,568,000 after acquiring an additional 2,028,150 shares during the last quarter. Allianz SE acquired a new position in Newmont in the 4th quarter valued at approximately $65,385,000. Finally, Nordea Investment Management AB increased its holdings in Newmont by 173.0% in the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock valued at $92,832,000 after buying an additional 1,578,545 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Down 1.6 %

NYSE NEM opened at $55.08 on Monday. The company has a market cap of $62.08 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.41 and a beta of 0.54. Newmont Co. has a 1-year low of $36.60 and a 1-year high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $47.14 and a 200-day moving average of $45.02.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. On average, equities research analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.82%. Newmont’s payout ratio is presently 34.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEM. Scotiabank reissued a “sector perform” rating on shares of Newmont in a report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Newmont in a report on Wednesday, April 16th. They issued an “outperform” rating and a $63.00 target price on the stock. Raymond James increased their target price on Newmont from $54.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, TD Securities decreased their target price on shares of Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.02.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the sale, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. The trade was a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,154 shares of company stock worth $825,678 in the last ninety days. Company insiders own 0.05% of the company’s stock.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.