DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Holdings in Newmont Co. (NYSE:NEM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Newmont Co. (NYSE:NEM - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,592 shares of the basic materials company's stock after acquiring an additional 49,794 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Newmont were worth $14,910,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in shares of 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 during the last quarter. Redwood Park Advisors LLC acquired a new stake in Newmont during the 4th quarter worth $37,000. Promus Capital LLC purchased a new position in Newmont during the 4th quarter worth $38,000. Kestra Investment Management LLC acquired a new position in Newmont in the fourth quarter valued at $43,000. Finally, Assetmark Inc. raised its holdings in shares of Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after buying an additional 820 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Stock Down 2.1 %

NEM opened at $52.84 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The company has a market cap of $58.81 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.41 and a beta of 0.31. Newmont Co. has a one year low of $36.86 and a one year high of $58.72. The business's fifty day moving average is $49.47 and its two-hundred day moving average is $45.03.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the firm earned $0.55 EPS. Analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.89%. Newmont's dividend payout ratio is currently 22.42%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NEM shares. UBS Group upgraded Newmont from a "neutral" rating to a "buy" rating and boosted their price target for the company from $50.00 to $60.00 in a research report on Friday, April 11th. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. Royal Bank of Canada lifted their price objective on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. Finally, National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.63.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.48, for a total transaction of $106,923.96. Following the sale, the director now directly owns 47,257 shares in the company, valued at $2,432,790.36. This represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,154 shares of company stock valued at $328,840. 0.05% of the stock is owned by corporate insiders.

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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