Newmont Co. (NYSE:NEM) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,833 shares of the basic materials company's stock after purchasing an additional 43,250 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Newmont were worth $6,917,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NEM. Brighton Jones LLC increased its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Newmont in the fourth quarter worth $7,508,000. Robeco Institutional Asset Management B.V. increased its position in shares of Newmont by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 165,991 shares of the basic materials company's stock worth $6,178,000 after purchasing an additional 5,512 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Newmont by 6.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,842 shares of the basic materials company's stock worth $1,297,000 after purchasing an additional 1,999 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Newmont by 51.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 426,524 shares of the basic materials company's stock worth $15,875,000 after purchasing an additional 144,699 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NEM shares. Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. TD Securities cut their price target on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James restated an "outperform" rating and set a $66.00 price target on shares of Newmont in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.68.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the sale, the executive vice president now directly owns 77,526 shares in the company, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the sale, the director now directly owns 47,257 shares of the company's stock, valued at approximately $2,432,790.36. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,154 shares of company stock valued at $381,539. 0.05% of the stock is currently owned by company insiders.

Newmont Price Performance

Shares of NEM traded down $0.82 during midday trading on Thursday, hitting $54.46. 13,469,457 shares of the company traded hands, compared to its average volume of 10,219,940. The firm has a 50 day moving average of $52.08 and a 200-day moving average of $45.91. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72. The stock has a market cap of $60.61 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Newmont (NYSE:NEM - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm earned $0.55 EPS. On average, 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. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

About Newmont

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.