Newmont Co. (NYSE:NEM) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in Newmont Co. (NYSE:NEM - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,372,463 shares of the basic materials company's stock after selling 109,656 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.38% of Newmont worth $162,743,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of Newmont during the 4th quarter worth $1,624,000. Inlet Private Wealth LLC grew its position in Newmont by 27.6% during the fourth quarter. Inlet Private Wealth LLC now owns 39,720 shares of the basic materials company's stock valued at $1,478,000 after acquiring an additional 8,600 shares during the period. Bfsg LLC increased its stake in Newmont by 47.7% during the fourth 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 last quarter. Swedbank AB raised its holdings in shares of 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 purchasing an additional 12,608 shares during the period. Finally, Encompass More Asset Management lifted its stake in shares of Newmont by 267.9% in the 4th quarter. Encompass More Asset Management now owns 37,501 shares of the basic materials company's stock valued at $1,396,000 after purchasing an additional 27,309 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares in the company, valued at approximately $3,782,051.46. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $2,094,408.36. This represents a 4.15% 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. Insiders own 0.05% of the company's stock.

Newmont Stock Performance

NEM stock traded down $0.05 during trading on Wednesday, hitting $52.67. 3,243,737 shares of the company's stock traded hands, compared to its average volume of 10,097,483. The stock has a market capitalization of $58.62 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72. The stock has a fifty day moving average price of $51.17 and a two-hundred day moving average price of $45.33. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

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 for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend yield of 1.90%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is 22.42%.

Analysts Set New Price Targets

Several research analysts have commented on NEM shares. UBS Group raised Newmont from a "neutral" rating to a "buy" rating and raised their price objective for the company from $50.00 to $60.00 in a research report on Friday, April 11th. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. TD Securities lowered their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. Wall Street Zen cut shares of Newmont from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.52.

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.