First Trust Advisors LP Purchases 8,678 Shares of Newmont Co. (NYSE:NEM)

First Trust Advisors LP increased its position in Newmont Co. (NYSE:NEM - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,040 shares of the basic materials company's stock after purchasing an additional 8,678 shares during the quarter. First Trust Advisors LP's holdings in Newmont were worth $3,575,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Newmont in the third quarter worth about $422,000. Confluence Investment Management LLC raised its holdings in shares of Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company's stock worth $439,000 after buying an additional 281 shares in the last quarter. Everence Capital Management Inc. lifted its position in shares of Newmont by 90.0% during the 4th quarter. Everence Capital Management Inc. now owns 30,530 shares of the basic materials company's stock worth $1,136,000 after buying an additional 14,460 shares during the period. Waller Financial Planning Group Inc. bought a new stake in Newmont in the fourth quarter valued at $218,000. Finally, Nordea Investment Management AB grew its position in Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after acquiring an additional 1,578,545 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the sale, the executive vice president now directly owns 79,596 shares in the company, valued at $3,413,872.44. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the transaction, the director now owns 49,993 shares in the company, valued at $2,144,199.77. This trade represents a 3.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,154 shares of company stock valued at $825,678. Corporate insiders own 0.05% of the company's stock.

Newmont Price Performance

Shares of NEM stock opened at $51.50 on Friday. The firm's 50 day moving average price is $48.59 and its two-hundred day moving average price is $45.12. The stock has a market cap of $58.05 billion, a PE ratio of 17.58, a PEG ratio of 0.41 and a beta of 0.54. 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.

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

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio is currently 22.42%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. The Goldman Sachs Group began coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price objective on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Raymond James restated an "outperform" rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. Finally, StockNews.com upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $55.63.

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.

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