Czech National Bank Raises Holdings in Newmont Co. (NYSE:NEM)

Czech National Bank raised its position in Newmont Co. (NYSE:NEM - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,484 shares of the basic materials company's stock after purchasing an additional 14,645 shares during the quarter. Czech National Bank's holdings in Newmont were worth $12,624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in Newmont in the fourth quarter valued at approximately $1,624,000. Bfsg LLC raised its position in Newmont by 47.7% in the fourth quarter. Bfsg LLC now owns 178,566 shares of the basic materials company's stock valued at $6,646,000 after purchasing an additional 57,690 shares during the period. JB Capital LLC raised its position in Newmont by 21.4% in the fourth quarter. JB Capital LLC now owns 91,097 shares of the basic materials company's stock valued at $3,391,000 after purchasing an additional 16,071 shares during the period. Principal Securities Inc. increased its position in shares of Newmont by 196.9% during the fourth quarter. Principal Securities Inc. now owns 5,750 shares of the basic materials company's stock worth $214,000 after acquiring an additional 3,813 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of Newmont by 63.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 22,942 shares of the basic materials company's stock worth $854,000 after acquiring an additional 8,913 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Activity

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

Newmont Stock Performance

NYSE:NEM traded down $0.82 during mid-day trading on Thursday, reaching $54.46. The stock had a trading volume of 13,469,457 shares, compared to its average volume of 10,219,940. 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 firm has a market capitalization of $60.61 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 0.41 and a beta of 0.31. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The business has a 50 day simple moving average of $52.08 and a 200 day simple moving average of $45.91.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The firm 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 last year, the firm earned $0.55 earnings per share. On average, analysts expect that Newmont Co. will post 3.45 earnings per share 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. Newmont's payout ratio is 22.42%.

Analyst Upgrades and Downgrades

NEM has been the subject of a number of analyst reports. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. National Bank Financial upgraded shares of Newmont to a "hold" rating in a research note on Friday, March 21st. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $50.00 to $60.00 in a research note on Friday, April 11th. Finally, National Bankshares reissued a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and an average target price of $57.68.

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.