16,805 Shares in Newmont Co. (NYSE:NEM) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,805 shares of the basic materials company's stock, valued at approximately $625,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HHM Wealth Advisors LLC lifted its position in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. Redwood Park Advisors LLC purchased a new stake in Newmont in the 4th quarter valued at approximately $37,000. Promus Capital LLC purchased a new stake in shares of Newmont during the fourth quarter worth about $38,000. Kestra Investment Management LLC acquired a new position in Newmont in the fourth quarter valued at $43,000. Finally, Assetmark Inc. raised its stake 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 purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEM. National Bank Financial raised shares of Newmont to a "hold" rating in a report on Friday, March 21st. National Bankshares reissued a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Royal Bank of Canada upped their price target on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. TD Securities dropped 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, StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and an average target price of $56.52.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 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 $90,785.67. Following the completion of the sale, the director now directly owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. This trade represents a 4.15% decrease in their position. 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 firm's 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 transaction, the executive vice president now directly owns 86,526 shares of the company's stock, valued at approximately $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. Insiders sold a total of 7,154 shares of company stock worth $328,840 over the last three months. Insiders own 0.05% of the company's stock.

Newmont Trading Up 1.6%

Newmont stock traded up $0.81 during midday trading on Monday, reaching $50.91. The stock had a trading volume of 11,495,957 shares, compared to its average volume of 10,075,980. The firm has a market cap of $56.66 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a fifty day moving average of $50.33 and a 200 day moving average of $44.96. 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 (NYSE:NEM - Get Free Report) last issued its quarterly 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 business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.96%. The ex-dividend date is Tuesday, May 27th. Newmont's payout ratio is currently 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.