4,799 Shares in Newmont Co. (NYSE:NEM) Acquired by State of Wyoming

State of Wyoming acquired a new position in shares of Newmont Co. (NYSE:NEM - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,799 shares of the basic materials company's stock, valued at approximately $179,000.

Several other institutional investors also recently bought and sold shares of the company. Studio Investment Management LLC increased its holdings in shares of Newmont by 33.1% in the 4th quarter. Studio Investment Management LLC now owns 1,529 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 380 shares during the period. Siemens Fonds Invest GmbH boosted its position in shares of Newmont by 172.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 33,754 shares of the basic materials company's stock worth $1,256,000 after purchasing an additional 21,368 shares in the last quarter. Semper Augustus Investments Group LLC boosted its position in shares of Newmont by 0.8% in the 4th quarter. Semper Augustus Investments Group LLC now owns 656,823 shares of the basic materials company's stock worth $24,447,000 after purchasing an additional 5,509 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Newmont by 5.4% in the 4th quarter. Shell Asset Management Co. now owns 234,546 shares of the basic materials company's stock worth $8,730,000 after purchasing an additional 12,018 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Newmont in the 4th quarter worth $627,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEM. UBS Group raised Newmont from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. Cfra Research raised Newmont to a "strong-buy" rating in a research report on Friday, April 25th. National Bankshares reissued a "sector perform" rating on shares of Newmont in a research report on Wednesday, April 23rd. Royal Bank of Canada raised their price objective on Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Finally, Argus set a $63.00 price target on Newmont in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $56.52.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,154 shares of company stock valued at $328,840. 0.05% of the stock is owned by company insiders.

Newmont Stock Performance

Shares of Newmont stock traded down $0.23 on Thursday, reaching $52.62. 5,475,425 shares of the stock were exchanged, compared to its average volume of 10,107,102. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a twelve month low of $36.86 and a twelve month high of $58.72. The firm has a market capitalization of $58.57 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.41 and a beta of 0.31. The business has a 50 day moving average price of $51.29 and a two-hundred day moving average price of $45.38.

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, beating analysts' consensus estimates of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's payout ratio is presently 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.