Farmers Trust Co. Grows Stock Position in Newmont Co. (NYSE:NEM)

Farmers Trust Co. lifted its position in Newmont Co. (NYSE:NEM - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,934 shares of the basic materials company's stock after purchasing an additional 11,327 shares during the period. Newmont comprises about 1.1% of Farmers Trust Co.'s portfolio, making the stock its 28th biggest holding. Farmers Trust Co.'s holdings in Newmont were worth $6,032,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its holdings in shares of Newmont by 66.0% in the fourth 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 purchased a new position in Newmont during the fourth quarter worth about $37,000. Promus Capital LLC acquired a new stake in shares of Newmont during the fourth quarter worth about $38,000. Kestra Investment Management LLC acquired a new stake in shares of Newmont during the fourth quarter worth about $43,000. Finally, Assetmark Inc. lifted its position in shares of Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after purchasing an additional 820 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares of the company's stock, valued at approximately $3,782,051.46. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the transaction, the director now directly owns 47,257 shares of the company's stock, valued at $2,432,790.36. This trade represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,154 shares of company stock valued at $328,840. 0.05% of the stock is owned by company insiders.

Newmont Stock Performance

Shares of NEM traded up $0.15 during mid-day trading on Friday, reaching $52.67. 18,835,014 shares of the company's stock were exchanged, compared to its average volume of 10,164,031. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock has a market capitalization of $58.62 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The business's fifty day simple moving average is $51.51 and its 200-day simple moving average is $45.53. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last posted 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. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the firm posted $0.55 EPS. On average, equities research analysts expect that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is currently 22.42%.

Analyst Ratings Changes

NEM has been the topic of several analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Newmont in a report on Friday, April 25th. National Bank Financial raised shares of Newmont to a "hold" rating in a report on Friday, March 21st. UBS Group raised shares of Newmont from a "neutral" rating to a "buy" rating and raised their target price for the company from $50.00 to $60.00 in a report on Friday, April 11th. Royal Bank of Canada raised their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.