Newmont Co. (NYSE:NEM) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its stake in shares of Newmont Co. (NYSE:NEM) by 17.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 64,285 shares of the basic materials company’s stock after selling 13,254 shares during the period. Captrust Financial Advisors’ holdings in Newmont were worth $2,393,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEM. Banque Transatlantique SA acquired a new position in Newmont during the fourth quarter worth about $122,000. Bearing Point Capital LLC acquired a new position in Newmont during the 4th quarter worth $2,286,000. BLI Banque de Luxembourg Investments purchased a new stake in shares of Newmont during the fourth quarter worth approximately $5,643,000. BNP Paribas increased its holdings in Newmont by 8.5% in the fourth quarter. BNP Paribas now owns 69,889 shares of the basic materials company’s stock valued at $2,601,000 after buying an additional 5,483 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in Newmont during the fourth quarter worth approximately $469,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NEM shares. National Bank Financial upgraded Newmont to a “hold” rating in a research note on Friday, March 21st. Scotiabank restated a “sector perform” rating on shares of Newmont in a research report on Monday, April 14th. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. TD Securities cut their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.63.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares of the company’s stock, valued at $3,782,051.46. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the transaction, the director now directly owns 47,916 shares in the company, valued at approximately $2,094,408.36. This trade represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,154 shares of company stock worth $328,840. 0.05% of the stock is owned by company insiders.

Newmont Stock Up 2.1%

Shares of NYSE:NEM opened at $53.93 on Monday. Newmont Co. has a 12-month low of $36.86 and a 12-month 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 firm has a market cap of $60.02 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The company has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $44.88.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same period last year, the business posted $0.55 earnings per share. On average, equities research analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is 22.42%.

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.