Silvercrest Asset Management Group LLC Sells 29,911 Shares of Newmont Co. (NYSE:NEM)

Silvercrest Asset Management Group LLC lessened its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 51.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,440 shares of the basic materials company's stock after selling 29,911 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Newmont were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighPoint Advisor Group LLC increased its stake in shares of Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after purchasing an additional 219 shares in the last quarter. Keel Point LLC grew its holdings in Newmont by 2.0% during the fourth quarter. Keel Point LLC now owns 14,774 shares of the basic materials company's stock valued at $550,000 after purchasing an additional 287 shares during the period. Howard Capital Management Inc. grew its holdings in Newmont by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after purchasing an additional 292 shares during the period. Intact Investment Management Inc. increased its position in Newmont by 21.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after buying an additional 300 shares in the last quarter. Finally, Conning Inc. raised its stake in shares of Newmont by 6.0% in the fourth quarter. Conning Inc. now owns 5,460 shares of the basic materials company's stock worth $203,000 after buying an additional 311 shares during the period. Institutional investors own 68.85% of the company's stock.

Newmont Stock Performance

Shares of NYSE NEM opened at $52.35 on Wednesday. The company has a market cap of $58.27 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.41 and a beta of 0.31. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. 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 firm's fifty day moving average is $50.61 and its two-hundred day moving average is $45.05.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued 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 1.91%. Newmont's dividend payout ratio (DPR) is 22.42%.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $90,785.67. Following the sale, the director now owns 47,916 shares in the company, valued at approximately $2,094,408.36. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, the executive vice president now owns 86,526 shares of the company's stock, valued at $3,782,051.46. This trade represents a 3.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock valued at $328,840 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEM. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Scotiabank restated a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and upped their price target for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. 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. Finally, National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus price target of $56.52.

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.

Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Co. (NYSE:NEM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.