Newmont Co. (NYSE:NEM) Holdings Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 484,250 shares of the basic materials company's stock after selling 30,531 shares during the period. Public Employees Retirement System of Ohio's holdings in Newmont were worth $18,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEM. HHM Wealth Advisors LLC increased its stake in Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after acquiring an additional 350 shares during the last quarter. Redwood Park Advisors LLC purchased a new stake in shares of Newmont during the 4th quarter worth about $37,000. Promus Capital LLC acquired a new stake in Newmont during the 4th quarter worth approximately $38,000. Kestra Investment Management LLC purchased a new position in Newmont in the fourth quarter valued at approximately $43,000. Finally, Assetmark Inc. lifted its position in Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after buying an additional 820 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEM. 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 research report on Friday, April 4th. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a report on Friday. Scotiabank restated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.52.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company'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 $131,130.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 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 $90,785.67. Following the transaction, the director now owns 47,916 shares in the company, valued at $2,094,408.36. This trade represents a 4.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock valued at $328,840 over the last three months. 0.05% of the stock is owned by insiders.

Newmont Stock Down 0.8%

Shares of NEM stock traded down $0.41 during mid-day trading on Friday, reaching $52.11. 3,880,166 shares of the company were exchanged, compared to its average volume of 10,103,165. 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 business's 50 day simple moving average is $51.40 and its 200 day simple moving average is $45.45. The company has a market capitalization of $58.00 billion, a P/E ratio of 17.79, a P/E/G ratio of 0.41 and a beta of 0.31. Newmont Co. has a fifty-two week low of $36.86 and a fifty-two week high of $58.72.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data 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. The company 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 period last year, the business earned $0.55 EPS. Research analysts predict that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. Newmont's dividend payout ratio (DPR) is 22.42%.

Newmont 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.