Janus Henderson Group PLC Lowers Position in Newmont Co. (NYSE:NEM)

Janus Henderson Group PLC reduced its holdings in Newmont Co. (NYSE:NEM - Free Report) by 47.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 283,695 shares of the basic materials company's stock after selling 253,749 shares during the period. Janus Henderson Group PLC's holdings in Newmont were worth $10,560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEM. HHM Wealth Advisors LLC boosted 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 buying an additional 350 shares during the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Newmont in the fourth quarter worth about $37,000. Promus Capital LLC acquired a new position in shares of Newmont during the 4th quarter worth approximately $38,000. Kestra Investment Management LLC purchased a new stake in shares of Newmont in the fourth quarter valued at approximately $43,000. Finally, Assetmark Inc. raised its holdings in shares of Newmont by 185.9% during the 4th quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock worth $47,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Royal Bank of Canada raised their price target on Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. Raymond James reissued an "outperform" rating and issued a $66.00 target price on shares of Newmont in a report on Friday, April 25th. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. Finally, Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.52.

Newmont Price Performance

Newmont stock traded up $1.42 during midday trading on Tuesday, hitting $52.35. 10,585,794 shares of the company's stock were exchanged, compared to its average volume of 10,078,060. The stock has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $45.00. The company has a market cap of $58.27 billion, a P/E ratio of 17.87, a PEG 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 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 results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm posted $0.55 EPS. On average, equities research analysts forecast that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is 22.42%.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president now directly owns 86,526 shares in the company, valued at $3,782,051.46. The trade was a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the completion of the sale, the director now directly owns 47,257 shares in the company, valued at $2,432,790.36. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock valued at $328,840 in the last ninety days. 0.05% of the stock is owned by company insiders.

Newmont 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.