Jackson Square Capital LLC Invests $264,000 in Newmont Co. (NYSE:NEM)

Jackson Square Capital LLC purchased a new stake in Newmont Co. (NYSE:NEM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,461 shares of the basic materials company's stock, valued at approximately $264,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Newmont during the fourth quarter worth $7,508,000. Entropy Technologies LP acquired a new position in Newmont during the fourth quarter worth $290,000. Savant Capital LLC increased its holdings in Newmont by 29.6% during the fourth quarter. Savant Capital LLC now owns 14,411 shares of the basic materials company's stock worth $536,000 after buying an additional 3,292 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in Newmont by 3.9% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 14,807 shares of the basic materials company's stock worth $551,000 after buying an additional 554 shares during the last quarter. Institutional investors own 68.85% of the company's stock.

Insider Transactions at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $112,344.93. Following the completion of the transaction, the director now owns 45,180 shares of the company's stock, valued at $2,443,786.20. The trade was a 4.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president now directly owns 77,526 shares of the company's stock, valued at $4,193,381.34. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock worth $381,539 in the last ninety days. Company insiders own 0.05% of the company's stock.

Newmont Trading Up 3.5%

NYSE:NEM traded up $1.95 on Friday, reaching $57.87. 19,673,056 shares of the stock traded hands, compared to its average volume of 10,371,448. The firm has a market capitalization of $64.41 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The company's 50 day moving average is $53.00 and its 200-day moving average is $46.41. 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 1-year low of $36.86 and a 1-year high of $58.72.

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

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is 22.42%.

Analyst Ratings Changes

Several research firms have commented on NEM. Argus set a $63.00 price objective on shares of Newmont in a report on Friday, April 25th. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a report on Friday, May 30th. TD Securities decreased their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Finally, Royal Bank of Canada upped their price objective on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Newmont has a consensus rating of "Moderate Buy" and an average target price of $57.68.

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.