Newmont Co. (NYSE:NEM) Shares Bought by Semper Augustus Investments Group LLC

Semper Augustus Investments Group LLC increased its position in shares of Newmont Co. (NYSE:NEM) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 656,823 shares of the basic materials company’s stock after acquiring an additional 5,509 shares during the quarter. Newmont makes up 4.4% of Semper Augustus Investments Group LLC’s holdings, making the stock its 5th largest holding. Semper Augustus Investments Group LLC’s holdings in Newmont were worth $24,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Brookstone Capital Management acquired a new stake in Newmont during the 4th quarter valued at $245,000. Miracle Mile Advisors LLC acquired a new stake in shares of Newmont in the fourth quarter worth $275,000. Oak Thistle LLC grew its holdings in shares of Newmont by 50.6% during the fourth quarter. Oak Thistle LLC now owns 27,477 shares of the basic materials company’s stock valued at $1,023,000 after buying an additional 9,228 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Newmont by 121.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,175 shares of the basic materials company’s stock valued at $565,000 after buying an additional 8,315 shares during the period. Finally, BFI Infinity Ltd. purchased a new stake in Newmont in the 4th quarter worth about $596,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Up 2.4%

Newmont stock opened at $49.82 on Friday. Newmont Co. has a one year low of $36.86 and a one year high of $58.72. The company’s fifty day moving average price is $50.20 and its two-hundred day moving average price is $44.97. The company has a market capitalization of $55.45 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

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

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 2.01%. Newmont’s dividend payout ratio (DPR) is presently 22.42%.

Analyst Upgrades and Downgrades

NEM has been the subject of a number of research reports. National Bankshares restated a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Argus set a $63.00 target price on shares of Newmont in a research report on Friday, April 25th. Finally, Royal Bank of Canada boosted their price target on shares of Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.63.

Insider Activity

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total value of $106,923.96. Following the transaction, the director now owns 47,257 shares in the company, valued at $2,432,790.36. This trade represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president now directly owns 86,526 shares of the company’s stock, valued at approximately $3,782,051.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,154 shares of company stock valued at $328,840 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Newmont Company Profile

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.