Newmont Co. (NYSE:NEM) Shares Bought by Ossiam

Ossiam lifted its stake in shares of Newmont Co. (NYSE:NEM) by 73.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,180 shares of the basic materials company’s stock after purchasing an additional 33,867 shares during the period. Ossiam’s holdings in Newmont were worth $2,984,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in shares of Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock worth $92,832,000 after buying an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. raised its stake in Newmont by 57.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company’s stock valued at $88,580,000 after purchasing an additional 865,213 shares during the period. Brookstone Capital Management purchased a new stake in shares of Newmont in the fourth quarter valued at $245,000. Moody National Bank Trust Division grew its holdings in shares of Newmont by 13.6% during the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company’s stock valued at $822,000 after buying an additional 2,645 shares in the last quarter. Finally, Avanza Fonder AB acquired a new position in Newmont during the fourth quarter valued at $4,269,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEM. StockNews.com upgraded Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and upped their price target for the stock from $50.00 to $60.00 in a research note on Friday, April 11th. Royal Bank of Canada boosted their target price on Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a research note on Friday, April 4th. Scotiabank reissued a “sector perform” rating on shares of Newmont in a research note on Monday, April 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.02.

Newmont Stock Down 1.6 %

Shares of NEM opened at $55.08 on Friday. Newmont Co. has a 52 week low of $36.60 and a 52 week high of $58.72. The firm has a market capitalization of $62.08 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a 50-day simple moving average of $47.14 and a 200-day simple moving average of $45.07. 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 (NYSE:NEM) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.32 billion. On average, equities research analysts expect that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, March 4th. Newmont’s dividend payout ratio (DPR) is presently 34.13%.

Insider Buying and Selling at Newmont

In other news, COO Natascha Viljoen sold 9,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now owns 136,967 shares of the company’s stock, valued at approximately $5,874,514.63. This represents a 6.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares in the company, valued at approximately $3,413,872.44. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,154 shares of company stock valued at $825,678. 0.05% of the stock is currently owned by corporate insiders.

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.