Doliver Advisors LP Buys Shares of 4,916 Newmont Co. (NYSE:NEM)

Doliver Advisors LP bought a new position in Newmont Co. (NYSE:NEM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,916 shares of the basic materials company's stock, valued at approximately $237,000.

A number of other institutional investors have also made changes to their positions in the company. Nexus Investment Management ULC bought a new position in shares of Newmont during the first quarter valued at approximately $31,000. HHM Wealth Advisors LLC boosted its position in Newmont by 66.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares during the period. Redwood Park Advisors LLC bought a new position in Newmont during the 4th quarter worth $37,000. Promus Capital LLC bought a new position in Newmont during the 4th quarter worth $38,000. Finally, Kestra Investment Management LLC acquired a new stake in Newmont in the fourth quarter worth $43,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Trading Down 0.3%

NEM stock traded down $0.17 during midday trading on Tuesday, reaching $55.41. The company's stock had a trading volume of 10,253,756 shares, compared to its average volume of 10,183,473. The business's 50-day simple moving average is $51.67 and its 200-day simple moving average is $45.69. 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 52 week low of $36.86 and a 52 week high of $58.72. The stock has a market cap of $61.67 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share 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 for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, sell-side analysts expect that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Newmont's dividend payout ratio (DPR) is presently 22.42%.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred 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 sale, the director now directly owns 47,257 shares of the company's stock, valued at approximately $2,432,790.36. The trade was a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NEM shares. Royal Bank of Canada increased their price objective on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. National Bank Financial upgraded shares of Newmont to a "hold" rating in a research note on Friday, March 21st. UBS Group raised Newmont from a "neutral" rating to a "buy" rating and lifted their price target for the company from $50.00 to $60.00 in a report on Friday, April 11th. Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Finally, National Bankshares restated a "sector perform" rating on shares of Newmont in a research 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 given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.52.

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.