180 Wealth Advisors LLC Has $903,000 Position in Newmont Co. (NYSE:NEM)

180 Wealth Advisors LLC grew its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 223.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,708 shares of the basic materials company's stock after buying an additional 12,929 shares during the period. 180 Wealth Advisors LLC's holdings in Newmont were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers grew its position in Newmont by 2.4% in the 1st quarter. Rhumbline Advisers now owns 1,977,465 shares of the basic materials company's stock valued at $95,472,000 after buying an additional 46,871 shares in the last quarter. IVC Wealth Advisors LLC lifted its stake in shares of Newmont by 8.6% in the 1st quarter. IVC Wealth Advisors LLC now owns 13,774 shares of the basic materials company's stock worth $665,000 after acquiring an additional 1,085 shares during the period. Stolper Co boosted its holdings in shares of Newmont by 3.8% in the first quarter. Stolper Co now owns 38,815 shares of the basic materials company's stock valued at $1,874,000 after acquiring an additional 1,413 shares in the last quarter. Somerset Trust Co acquired a new position in shares of Newmont during the first quarter valued at approximately $236,000. Finally, Doliver Advisors LP bought a new stake in Newmont during the first quarter worth approximately $237,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. Argus set a $63.00 price target on shares of Newmont in a report on Friday, April 25th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $66.00 price objective on shares of Newmont in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $56.52.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the sale, the director now owns 47,257 shares of the company's stock, valued at $2,432,790.36. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by insiders.

Newmont Stock Down 0.3%

NYSE:NEM traded down $0.17 during trading hours on Tuesday, hitting $55.41. 10,253,756 shares of the stock traded hands, compared to its average volume of 10,183,473. The firm has a market cap of $61.67 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.41 and a beta of 0.31. The firm has a 50 day moving average price of $51.67 and a 200 day moving average price of $45.69. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a fifty-two week low of $36.86 and a fifty-two week high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business earned $0.55 EPS. Equities research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is presently 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.