Aptus Capital Advisors LLC Makes New Investment in Newmont Co. (NYSE:NEM)

Aptus Capital Advisors LLC acquired a new position in shares of Newmont Co. (NYSE:NEM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,592 shares of the basic materials company's stock, valued at approximately $469,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its holdings in shares of Newmont by 1.6% in the 4th quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company's stock valued at $1,851,606,000 after buying an additional 797,445 shares during the period. Geode Capital Management LLC lifted its holdings in Newmont by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company's stock valued at $919,484,000 after acquiring an additional 1,213,397 shares during the period. Norges Bank purchased a new stake in shares of Newmont during the 4th quarter worth $626,074,000. Northern Trust Corp increased its holdings in shares of Newmont by 11.5% in the 4th quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company's stock valued at $474,263,000 after purchasing an additional 1,309,177 shares in the last quarter. Finally, Amundi lifted its stake in shares of Newmont by 14.0% in the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock valued at $481,400,000 after purchasing an additional 1,507,708 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEM has been the subject of a number of research reports. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. Raymond James reissued an "outperform" rating and issued a $66.00 price objective on shares of Newmont in a research note on Friday, April 25th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $55.63.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares in the company, valued at approximately $3,782,051.46. This represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now owns 47,916 shares in the company, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 0.05% of the company's stock.

Newmont Price Performance

Newmont stock opened at $54.04 on Thursday. The firm has a fifty day moving average of $49.25 and a 200-day moving average of $45.06. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $60.14 billion, a P/E ratio of 18.44, a PEG ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, analysts predict 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. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.85%. Newmont's payout ratio is 22.42%.

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.

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