Newmont Co. (NYSE:NEM) Shares Sold by Wilkins Investment Counsel Inc.

Wilkins Investment Counsel Inc. decreased its position in Newmont Co. (NYSE:NEM) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 601,447 shares of the basic materials company’s stock after selling 5,186 shares during the quarter. Newmont accounts for approximately 3.2% of Wilkins Investment Counsel Inc.’s holdings, making the stock its 5th largest position. Wilkins Investment Counsel Inc.’s holdings in Newmont were worth $22,386,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in shares of Newmont by 33.8% in the 3rd quarter. Atria Investments Inc now owns 8,352 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 2,108 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Newmont by 58.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,492 shares of the basic materials company’s stock worth $561,000 after purchasing an additional 3,887 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Newmont by 35.7% in the 3rd quarter. Natixis Advisors LLC now owns 163,940 shares of the basic materials company’s stock worth $8,763,000 after purchasing an additional 43,153 shares during the last quarter. Claro Advisors LLC bought a new stake in shares of Newmont in the 3rd quarter worth approximately $211,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Newmont by 10.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 89,287 shares of the basic materials company’s stock worth $4,775,000 after purchasing an additional 8,449 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling

In related news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % 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 Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock worth $1,388,758 in the last three months. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NEM shares. The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. Royal Bank of Canada lifted their target price on Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 11th. Raymond James cut their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Finally, TD Securities cut their target price on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.16.

Newmont Stock Up 0.4 %

NEM opened at $48.00 on Thursday. Newmont Co. has a one year low of $33.29 and a one year high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The stock’s fifty day moving average is $43.76 and its 200-day moving average is $45.66. The company has a market capitalization of $54.09 billion, a PE ratio of 16.38, a P/E/G ratio of 0.41 and a beta of 0.54.

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

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont’s payout ratio is 34.13%.

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.