Ensign Peak Advisors Inc Sells 13,353 Shares of Newmont Co. (NYSE:NEM)

Ensign Peak Advisors Inc trimmed its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 338,424 shares of the basic materials company's stock after selling 13,353 shares during the quarter. Ensign Peak Advisors Inc's holdings in Newmont were worth $12,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Czech National Bank raised its holdings in Newmont by 5.6% in the 4th quarter. Czech National Bank now owns 246,839 shares of the basic materials company's stock worth $9,187,000 after acquiring an additional 13,096 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of Newmont in the 4th quarter worth $245,000. Moody National Bank Trust Division raised its stake in shares of Newmont by 13.6% in the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock worth $822,000 after purchasing an additional 2,645 shares during the last quarter. Eastern Bank lifted its holdings in shares of Newmont by 20.2% during the fourth quarter. Eastern Bank now owns 4,550 shares of the basic materials company's stock valued at $169,000 after purchasing an additional 765 shares in the last quarter. Finally, Elevated Capital Advisors LLC boosted its position in shares of Newmont by 11.6% during the fourth quarter. Elevated Capital Advisors LLC now owns 19,908 shares of the basic materials company's stock valued at $741,000 after buying an additional 2,077 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total value of $106,923.96. Following the sale, the director now owns 47,257 shares in the company, valued at approximately $2,432,790.36. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares in the company, valued at approximately $3,782,051.46. The trade was a 3.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,154 shares of company stock worth $328,840. 0.05% of the stock is owned by insiders.

Newmont Stock Performance

Shares of NYSE NEM opened at $53.93 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont Co. has a 1 year low of $36.86 and a 1 year high of $58.72. The firm has a fifty day moving average price of $49.69 and a 200-day moving average price of $44.88. The stock has a market cap of $60.02 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the business posted $0.55 EPS. Equities analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $50.00 to $60.00 in a research note on Friday, April 11th. The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday, January 13th. They issued a "buy" rating and a $47.20 target price for the company. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. TD Securities dropped their price target on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada upped their price objective on Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Newmont has a consensus rating of "Moderate Buy" and an average price target of $55.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.