Man Group plc Has $187.23 Million Position in Newmont Co. (NYSE:NEM)

Man Group plc increased its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,030,228 shares of the basic materials company's stock after buying an additional 1,493,843 shares during the quarter. Newmont comprises approximately 0.5% of Man Group plc's investment portfolio, making the stock its 21st biggest position. Man Group plc owned about 0.44% of Newmont worth $187,225,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEM. HHM Wealth Advisors LLC boosted its holdings 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 in the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Newmont in the 4th quarter valued at $37,000. Promus Capital LLC acquired a new stake in shares of Newmont in the 4th quarter valued at $38,000. Kestra Investment Management LLC acquired a new stake in shares of Newmont in the 4th quarter valued at $43,000. Finally, Assetmark Inc. boosted its holdings in shares of Newmont by 185.9% in the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NEM shares. Cfra Research raised Newmont to a "strong-buy" rating in a report on Friday, April 25th. National Bank Financial raised Newmont to a "hold" rating in a report on Friday, March 21st. Scotiabank reissued a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. Finally, Argus set a $63.00 price objective on Newmont in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.63.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares of the company's stock, valued at $3,782,051.46. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the transaction, the director now directly owns 47,257 shares in the company, valued at approximately $2,432,790.36. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock worth $328,840 in the last 90 days. Insiders own 0.05% of the company's stock.

Newmont Stock Performance

Shares of Newmont stock opened at $50.04 on Wednesday. Newmont Co. has a one year low of $36.86 and a one year high of $58.72. The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.41 and a beta of 0.31. The business has a 50-day simple moving average of $49.95 and a 200 day simple moving average of $44.93. 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 (NYSE:NEM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping 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 firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business earned $0.55 EPS. On average, research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. 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 2.00%. Newmont's payout ratio is presently 22.42%.

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.

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