Nebula Research & Development LLC Acquires 15,726 Shares of Newmont Co. (NYSE:NEM)

Nebula Research & Development LLC grew its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 94.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,392 shares of the basic materials company's stock after purchasing an additional 15,726 shares during the period. Nebula Research & Development LLC's holdings in Newmont were worth $1,206,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Credit Industriel ET Commercial acquired a new position in Newmont in the fourth quarter valued at approximately $97,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in Newmont by 103.6% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 155,049 shares of the basic materials company's stock worth $5,747,000 after acquiring an additional 78,907 shares during the period. Pinebridge Investments L.P. purchased a new position in Newmont in the 4th quarter valued at $3,164,000. Price T Rowe Associates Inc. MD increased its stake in Newmont by 12.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,886,961 shares of the basic materials company's stock valued at $219,113,000 after buying an additional 635,554 shares during the period. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Newmont during the fourth quarter worth about $319,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEM. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a report on Thursday, April 24th. National Bankshares restated 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. The Goldman Sachs Group started coverage on Newmont in a research note on Monday, January 13th. They issued a "buy" rating and a $47.20 target price on the stock. Finally, StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.63.

Newmont Stock Down 0.5 %

NEM stock traded down $0.27 during midday trading on Wednesday, hitting $52.69. 7,640,696 shares of the company's stock were exchanged, compared to its average volume of 9,853,254. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $48.12 and a 200-day moving average price of $45.12. The stock has a market capitalization of $59.40 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a 12-month low of $36.86 and a 12-month high of $58.72.

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

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 annualized dividend and a dividend yield of 1.90%. Newmont's payout ratio is 22.42%.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 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 value 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 trade represents a 4.15 % decrease in their position. The sale 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 company's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 owns 79,596 shares in the company, valued at approximately $3,413,872.44. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,154 shares of company stock worth $825,678. Insiders own 0.05% of the company's stock.

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.