BLI Banque de Luxembourg Investments Takes Position in Newmont Co. (NYSE:NEM)

BLI Banque de Luxembourg Investments acquired a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 152,500 shares of the basic materials company's stock, valued at approximately $5,643,000.

Several other large investors have also made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in shares of Newmont in the 4th quarter valued at about $37,000. Promus Capital LLC acquired a new position in Newmont in the fourth quarter valued at approximately $38,000. Kestra Investment Management LLC bought a new position in Newmont during the 4th quarter worth $43,000. Finally, Assetmark Inc. grew its position in shares of Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after acquiring an additional 820 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 $2,094,408.36. This represents a 4.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the sale, the chief operating officer now directly owns 136,967 shares of the company's stock, valued at approximately $5,874,514.63. The trade was a 6.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,154 shares of company stock worth $825,678 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Argus set a $63.00 target price on Newmont in a report on Friday, April 25th. StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, TD Securities decreased their target price on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.63.

Newmont Stock Performance

Shares of NEM stock opened at $51.50 on Friday. The stock's fifty day simple moving average is $48.59 and its 200-day simple moving average is $45.04. The company has a market capitalization of $57.32 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 0.41 and a beta of 0.30. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a 1-year low of $36.86 and a 1-year high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter in the prior year, the company earned $0.55 EPS. On average, sell-side analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. Newmont's payout ratio is 22.42%.

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.

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