Waverly Advisors LLC Raises Stock Holdings in Newmont Co. (NYSE:NEM)

Waverly Advisors LLC raised its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,627 shares of the basic materials company's stock after purchasing an additional 7,744 shares during the period. Waverly Advisors LLC's holdings in Newmont were worth $2,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC bought a new position in Newmont during the fourth quarter valued at approximately $304,000. HB Wealth Management LLC lifted its holdings in Newmont by 4.9% in the fourth quarter. HB Wealth Management LLC now owns 14,471 shares of the basic materials company's stock valued at $539,000 after acquiring an additional 673 shares during the period. Nisa Investment Advisors LLC boosted its position in Newmont by 0.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 119,987 shares of the basic materials company's stock worth $4,466,000 after purchasing an additional 520 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Newmont by 288.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,925 shares of the basic materials company's stock valued at $72,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new stake in Newmont during the fourth quarter valued at approximately $1,397,000. Institutional investors own 68.85% of the company's stock.

Newmont Trading Down 0.4%

Shares of Newmont stock traded down $0.20 on Wednesday, hitting $52.52. 2,801,445 shares of the company traded hands, compared to its average volume of 11,891,764. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72. The company has a market cap of $58.45 billion, a PE ratio of 17.92, a PEG ratio of 0.41 and a beta of 0.31. The stock's 50 day moving average price is $51.17 and its 200-day moving average price is $45.33. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating 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 quarter last year, the firm posted $0.55 earnings per share. Equities research analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.90%. Newmont's payout ratio is currently 22.42%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares of the company's stock, valued at $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 is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the sale, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,154 shares of company stock worth $328,840. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NEM shares. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. TD Securities dropped their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. Scotiabank restated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. Finally, Royal Bank of Canada lifted their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $56.52.

Newmont Company 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.