111 Capital Invests $368,000 in Newmont Co. (NYSE:NEM)

111 Capital acquired a new position in shares of Newmont Co. (NYSE:NEM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,894 shares of the basic materials company's stock, valued at approximately $368,000.

A number of other hedge funds have also modified their holdings of NEM. Strategic Financial Concepts LLC purchased a new stake in Newmont in the 4th quarter worth approximately $1,624,000. Inlet Private Wealth LLC grew its stake in Newmont by 27.6% in the 4th quarter. Inlet Private Wealth LLC now owns 39,720 shares of the basic materials company's stock worth $1,478,000 after acquiring an additional 8,600 shares during the period. Bfsg LLC grew its stake in Newmont by 47.7% in the 4th quarter. Bfsg LLC now owns 178,566 shares of the basic materials company's stock worth $6,646,000 after acquiring an additional 57,690 shares during the period. Swedbank AB grew its stake in Newmont by 1.7% in the 4th quarter. Swedbank AB now owns 768,848 shares of the basic materials company's stock worth $28,617,000 after acquiring an additional 12,608 shares during the period. Finally, Koa Wealth Management LLC purchased a new stake in Newmont in the 4th quarter worth approximately $934,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on NEM shares. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Newmont has an average rating of "Moderate Buy" and an average target price of $56.52.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the completion of the transaction, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock worth $328,840 in the last quarter. 0.05% of the stock is owned by corporate insiders.

Newmont Stock Up 0.3%

Shares of NYSE:NEM traded up $0.15 during midday trading on Friday, hitting $52.67. 18,835,014 shares of the company's stock traded hands, compared to its average volume of 10,164,031. 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 $58.62 billion, a PE ratio of 17.98, a P/E/G ratio of 0.41 and a beta of 0.31. The firm's fifty day moving average price is $51.51 and its two-hundred day moving average price is $45.56. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.55 EPS. On average, equities research analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The company 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 of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Newmont's dividend payout ratio is currently 22.42%.

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.