Chancellor Financial Group WB LP Buys Shares of 13,650 Newmont Co. (NYSE:NEM)

Chancellor Financial Group WB LP acquired a new position in Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,650 shares of the basic materials company's stock, valued at approximately $508,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NEM. 111 Capital bought a new position in Newmont in the 4th quarter valued at $368,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Newmont by 30.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 185,833 shares of the basic materials company's stock valued at $6,917,000 after purchasing an additional 43,250 shares during the period. Hara Capital LLC boosted its holdings in Newmont by 11.5% in the 4th quarter. Hara Capital LLC now owns 30,815 shares of the basic materials company's stock valued at $1,147,000 after purchasing an additional 3,176 shares during the period. PKO Investment Management Joint Stock Co bought a new position in Newmont in the 4th quarter valued at $14,064,000. Finally, Comprehensive Money Management Services LLC bought a new position in Newmont in the 4th quarter valued at $710,000. 68.85% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Bruce R. Brook sold 2,077 shares of the business'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 transaction of $90,785.67. Following the completion of the transaction, the director now directly owns 47,916 shares of the company's stock, valued at $2,094,408.36. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business'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 transaction of $131,130.00. Following the transaction, the executive vice president now directly owns 86,526 shares of the company's stock, valued at $3,782,051.46. The trade was a 3.35% 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. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NEM shares. Scotiabank restated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. Argus set a $63.00 target price on shares of Newmont in a research report on Friday, April 25th. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada lifted their target price on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.52.

Newmont Trading Up 0.3%

Shares of NEM traded up $0.15 during trading hours on Friday, reaching $52.67. 18,835,014 shares of the company traded hands, compared to its average volume of 10,179,496. The company's fifty day moving average price is $51.40 and its two-hundred day moving average price is $45.45. The company 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. 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 Co. has a 12 month low of $36.86 and a 12 month high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results 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 firm had revenue of $5.01 billion for the quarter, compared to analyst estimates 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 previous year, the firm posted $0.55 EPS. Equities research analysts predict 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 paid 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%.

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.