Caisse DE Depot ET Placement DU Quebec Increases Position in Newmont Co. (NYSE:NEM)

Caisse DE Depot ET Placement DU Quebec increased its stake in Newmont Co. (NYSE:NEM - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,247 shares of the basic materials company's stock after purchasing an additional 15,295 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Newmont were worth $7,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Newmont during the third quarter valued at approximately $422,000. Everence Capital Management Inc. boosted its position in shares of Newmont by 90.0% during the 4th quarter. Everence Capital Management Inc. now owns 30,530 shares of the basic materials company's stock valued at $1,136,000 after acquiring an additional 14,460 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Newmont by 173.0% during the 4th 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 in the last quarter. Bard Financial Services Inc. increased its stake in shares of Newmont by 25.4% during the fourth quarter. Bard Financial Services Inc. now owns 86,180 shares of the basic materials company's stock valued at $3,208,000 after buying an additional 17,480 shares during the period. Finally, Fortem Financial Group LLC raised its holdings in shares of Newmont by 7.3% in the fourth quarter. Fortem Financial Group LLC now owns 27,967 shares of the basic materials company's stock valued at $1,041,000 after acquiring an additional 1,891 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction 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 sale, the executive vice president now directly owns 86,526 shares of the company's stock, valued at approximately $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the sale, the director now owns 47,916 shares in the company, valued at $2,094,408.36. This trade represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,154 shares of company stock worth $328,840. 0.05% of the stock is owned by corporate insiders.

Newmont Stock Performance

NEM stock traded up $1.34 during trading on Tuesday, hitting $54.38. 9,163,053 shares of the company traded hands, compared to its average volume of 9,861,468. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock's 50-day simple moving average is $48.78 and its 200 day simple moving average is $44.93. Newmont Co. has a 1 year low of $36.86 and a 1 year high of $58.72. The company has a market cap of $60.53 billion, a PE ratio of 18.59, a P/E/G ratio of 0.41 and a beta of 0.30.

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

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.84%. Newmont's payout ratio is 22.42%.

Wall Street Analyst Weigh In

A number of research firms have commented on NEM. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. The Goldman Sachs Group initiated coverage on shares of Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, TD Securities reduced their target price on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $55.63.

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.