5,726 Shares in Newmont Co. (NYSE:NEM) Acquired by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC acquired a new stake in Newmont Co. (NYSE:NEM) in the first quarter, Holdings Channel.com reports. The firm acquired 5,726 shares of the basic materials company’s stock, valued at approximately $276,000.

A number of other hedge funds have also bought and sold shares of NEM. Brighton Jones LLC grew its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 1,847 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Newmont in the 4th quarter worth approximately $7,508,000. Stratos Wealth Partners LTD. boosted its holdings in Newmont by 53.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 13,918 shares of the basic materials company’s stock valued at $518,000 after purchasing an additional 4,852 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Newmont by 25.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,540 shares of the basic materials company’s stock valued at $4,501,000 after purchasing an additional 24,562 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Newmont during the 4th quarter valued at $1,624,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Price Performance

Shares of Newmont stock opened at $52.36 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a fifty day moving average of $52.16 and a 200-day moving average of $46.01. The stock has a market capitalization of $58.28 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

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

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is presently 22.42%.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of recent analyst reports. Argus set a $63.00 price objective on Newmont in a research report on Friday, April 25th. TD Securities lowered their price target on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Cfra Research upgraded Newmont to a “strong-buy” rating in a research report on Friday, April 25th. Raymond James restated an “outperform” rating and issued a $66.00 price objective on shares of Newmont in a research report on Friday, April 25th. Finally, Royal Bank of Canada raised their target price on shares of Newmont from $52.00 to $66.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and an average target price of $57.68.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the sale, the director now directly owns 47,257 shares in the company, valued at $2,432,790.36. This represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the sale, the executive vice president now directly owns 77,526 shares of the company’s stock, valued at $4,193,381.34. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,154 shares of company stock worth $381,539 in the last ninety days. 0.05% of the stock is owned by company insiders.

Newmont 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.