Newmont Co. (NYSE:NEM) Holdings Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 111.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,273,776 shares of the basic materials company's stock after purchasing an additional 672,500 shares during the period. Two Sigma Advisers LP owned 0.11% of Newmont worth $47,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. HHM Wealth Advisors LLC grew 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 worth $33,000 after purchasing an additional 350 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Newmont during the 4th quarter valued at $37,000. Promus Capital LLC purchased a new position in shares of Newmont during the 4th quarter valued at $38,000. Kestra Investment Management LLC purchased a new position in shares of Newmont during the 4th quarter valued at $43,000. Finally, Assetmark Inc. grew its holdings in shares of Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 820 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEM has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target 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. National Bankshares restated a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Argus set a $63.00 price target on shares of Newmont in a report on Friday, April 25th. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Finally, TD Securities reduced their price objective on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.52.

Newmont Stock Up 1.6%

Newmont stock opened at $50.91 on Tuesday. The firm has a market cap of $56.66 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont Co. has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The firm has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $45.00.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. The firm had revenue of $5.01 billion during 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 business earned $0.55 EPS. As a group, analysts forecast that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 yield of 1.96%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio is 22.42%.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 47,257 shares of the company's stock, valued at $2,432,790.36. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing 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 on Monday, March 3rd. The stock was 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 approximately $3,782,051.46. This represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock valued at $328,840 in the last quarter. Insiders own 0.05% of the company's stock.

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.

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