Siemens Fonds Invest GmbH Has $1.26 Million Stake in Newmont Co. (NYSE:NEM)

Siemens Fonds Invest GmbH boosted its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 172.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,754 shares of the basic materials company's stock after purchasing an additional 21,368 shares during the period. Siemens Fonds Invest GmbH's holdings in Newmont were worth $1,256,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its position in Newmont by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company's stock valued at $1,851,606,000 after purchasing an additional 797,445 shares during the last quarter. Geode Capital Management LLC boosted its position in Newmont by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company's stock valued at $919,484,000 after purchasing an additional 1,213,397 shares during the last quarter. Norges Bank bought a new stake in Newmont in the fourth quarter valued at approximately $626,074,000. Northern Trust Corp raised its stake in Newmont by 11.5% in the fourth quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company's stock valued at $474,263,000 after buying an additional 1,309,177 shares during the period. Finally, Amundi raised its stake in Newmont by 14.0% in the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock valued at $481,400,000 after buying an additional 1,507,708 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the completion of the transaction, the director now directly owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 86,526 shares of the company's stock, valued at $3,782,051.46. The trade was a 3.35% 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 in the last three months. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NEM shares. National Bankshares restated a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. Scotiabank restated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. Cfra Research upgraded Newmont to a "strong-buy" rating in a research note on Friday, April 25th. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Finally, National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Newmont presently has an average rating of "Moderate Buy" and a consensus target price of $56.52.

Newmont Price Performance

Shares of NYSE NEM traded up $0.15 during mid-day trading on Friday, hitting $52.67. 18,835,014 shares of the stock traded hands, 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. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The company has a market cap 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 firm has a 50 day simple moving average of $51.51 and a two-hundred day simple moving average of $45.56.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter last year, the business posted $0.55 EPS. As a group, equities research analysts forecast that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio is currently 22.42%.

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.