BNP Paribas Acquires 5,483 Shares of Newmont Co. (NYSE:NEM)

BNP Paribas increased its position in Newmont Co. (NYSE:NEM - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,889 shares of the basic materials company's stock after acquiring an additional 5,483 shares during the period. BNP Paribas' holdings in Newmont were worth $2,601,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC grew its holdings in shares of Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after acquiring an additional 219 shares during the last quarter. Keel Point LLC boosted its position in shares of Newmont by 2.0% in the 4th quarter. Keel Point LLC now owns 14,774 shares of the basic materials company's stock valued at $550,000 after purchasing an additional 287 shares during the period. Howard Capital Management Inc. increased its stake in Newmont by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock worth $210,000 after purchasing an additional 292 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Newmont by 21.4% during the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after buying an additional 300 shares during the period. Finally, Fiduciary Financial Group LLC lifted its stake in Newmont by 3.6% during the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock valued at $338,000 after buying an additional 303 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEM. The Goldman Sachs Group initiated coverage on shares of Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. Cfra Research raised Newmont to a "strong-buy" rating in a research note 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, Argus set a $63.00 price target on shares of Newmont in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.63.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the transaction, the executive vice president now owns 86,526 shares of the company's stock, valued at $3,782,051.46. This represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $90,785.67. Following the sale, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock valued at $328,840 in the last ninety days. Company insiders own 0.05% of the company's stock.

Newmont Stock Performance

NEM stock traded up $1.51 during midday trading on Monday, hitting $53.04. 12,124,363 shares of the company traded hands, compared to its average volume of 9,861,696. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 0.41 and a beta of 0.30. 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 business has a 50 day simple moving average of $48.78 and a 200-day simple moving average of $44.93.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the firm posted $0.55 EPS. As a group, equities research analysts predict that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is currently 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.