Snowden Capital Advisors LLC Reduces Stake in Newmont Co. (NYSE:NEM)

Snowden Capital Advisors LLC lowered its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,451 shares of the basic materials company's stock after selling 5,637 shares during the quarter. Snowden Capital Advisors LLC's holdings in Newmont were worth $203,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NEM. HHM Wealth Advisors LLC raised its holdings in shares of Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Redwood Park Advisors LLC bought a new position in shares of Newmont in the fourth quarter valued at $37,000. Promus Capital LLC acquired a new position in Newmont during the fourth quarter worth $38,000. Kestra Investment Management LLC bought a new stake in Newmont during the fourth quarter worth $43,000. Finally, Assetmark Inc. lifted its stake in Newmont by 185.9% in the fourth 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 during the last quarter. Institutional investors own 68.85% of the company's stock.

Newmont Trading Down 1.7%

Newmont stock traded down $0.92 during mid-day trading on Tuesday, hitting $52.73. The company's stock had a trading volume of 10,617,915 shares, compared to its average volume of 10,124,412. The business has a 50 day moving average price of $51.07 and a 200-day moving average price of $45.27. 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 12 month low of $36.86 and a 12 month high of $58.72. The stock has a market cap of $58.69 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

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

Newmont Announces Dividend

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. Newmont's dividend payout ratio (DPR) is 22.42%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEM. Raymond James reiterated an "outperform" rating and issued a $66.00 target price on shares of Newmont in a research note on Friday, April 25th. BMO Capital Markets restated an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Newmont from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Cfra Research raised shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. 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 company's stock. According to MarketBeat.com, Newmont presently has an average rating of "Moderate Buy" and a consensus price target of $56.52.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the completion of the transaction, the director now owns 47,257 shares in the company, valued at $2,432,790.36. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares in the company, valued at $3,782,051.46. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,154 shares of company stock valued at $328,840. Corporate insiders own 0.05% of the company's stock.

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.