Captrust Financial Advisors Lowers Holdings in Newmont Co. (NYSE:NEM)

Captrust Financial Advisors lowered its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,285 shares of the basic materials company's stock after selling 13,254 shares during the period. Captrust Financial Advisors' holdings in Newmont were worth $2,393,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC boosted its holdings in shares of Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company's stock worth $223,000 after purchasing an additional 219 shares during the period. Keel Point LLC boosted its stake in Newmont by 2.0% during the fourth quarter. Keel Point LLC now owns 14,774 shares of the basic materials company's stock worth $550,000 after buying an additional 287 shares during the period. Howard Capital Management Inc. raised its stake in shares of Newmont by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company's stock valued at $210,000 after acquiring an additional 292 shares during the period. Intact Investment Management Inc. lifted its holdings in shares of Newmont by 21.4% in the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company's stock worth $63,000 after acquiring an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in shares of Newmont by 3.6% during the 4th quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company's stock worth $338,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Down 5.9%

NYSE NEM traded down $3.18 on Monday, hitting $50.80. The stock had a trading volume of 19,093,105 shares, compared to its average volume of 9,945,495. 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 $56.54 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The business's fifty day moving average price is $49.83 and its 200 day moving average price is $44.89.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) 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 company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's payout ratio is 22.42%.

Analyst Ratings Changes

A number of research firms recently weighed in on NEM. StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. The Goldman Sachs Group initiated coverage on Newmont in a research report on Monday, January 13th. They issued 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 report on Thursday, April 24th. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.63.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of 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 represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the sale, the director now owns 47,257 shares of the company's stock, valued at $2,432,790.36. This trade represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,154 shares of company stock valued at $328,840 over the last ninety days. Company insiders own 0.05% of the company's stock.

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.