5,868 Shares in Newmont Co. (NYSE:NEM) Purchased by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC acquired a new stake in Newmont Co. (NYSE:NEM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,868 shares of the basic materials company's stock, valued at approximately $283,000.

Several other large investors also recently modified their holdings of NEM. HHM Wealth Advisors LLC lifted its stake in shares of Newmont by 66.0% in the 4th 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 period. Redwood Park Advisors LLC bought a new stake in Newmont in the 4th quarter valued at $37,000. Promus Capital LLC acquired a new stake in Newmont in the 4th quarter valued at approximately $38,000. Kestra Investment Management LLC acquired a new position in Newmont during the fourth quarter worth $43,000. Finally, Assetmark Inc. raised its holdings in Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after acquiring an additional 820 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Royal Bank of Canada lifted their price objective on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a report on Friday. Finally, UBS Group upgraded 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 report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and an average target price of $56.52.

Newmont Stock Up 0.3%

Shares of NEM stock traded up $0.15 during trading hours on Friday, hitting $52.67. 18,835,014 shares of the company's stock traded hands, compared to its average volume of 10,179,496. Newmont Co. has a 12-month low of $36.86 and a 12-month high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $51.51 and its two-hundred day simple moving average is $45.53. The stock has a market cap of $58.62 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 0.41 and a beta of 0.31.

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

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid 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%.

Insider Activity

In related news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the sale, the director now owns 47,916 shares in the company, valued at approximately $2,094,408.36. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the 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 completion of the transaction, the executive vice president now owns 86,526 shares in the company, 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 have sold a total of 7,154 shares of company stock valued at $328,840 in the last 90 days. 0.05% of the stock is currently owned by insiders.

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.