Banco Bilbao Vizcaya Argentaria S.A. Purchases 78,907 Shares of Newmont Co. (NYSE:NEM)

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 103.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,049 shares of the basic materials company's stock after purchasing an additional 78,907 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Newmont were worth $5,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NEM. HHM Wealth Advisors LLC boosted its position in Newmont by 66.0% during 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 period. Redwood Park Advisors LLC bought a new stake in shares of Newmont in the 4th quarter valued at about $37,000. Promus Capital LLC bought a new stake in Newmont in the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC boosted its stake in shares of Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 361 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Newmont in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Down 0.4 %

Shares of NEM stock traded down $0.21 during mid-day trading on Wednesday, reaching $52.75. 3,079,210 shares of the company's stock traded hands, compared to its average volume of 9,822,696. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The company's 50-day moving average price is $48.12 and its 200-day moving average price is $45.12. The company has a market cap of $59.46 billion, a P/E ratio of 18.01, a P/E/G 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 posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. 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 posted $0.55 earnings per share. On average, equities analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. 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 presently 22.42%.

Insider Activity at Newmont

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the sale, the chief operating officer now owns 136,967 shares in the company, valued at $5,874,514.63. This represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the transaction, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,154 shares of company stock valued at $825,678. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price objective for the company. Cfra Research raised Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Argus set a $63.00 price objective on Newmont in a research report on Friday. National Bank Financial upgraded Newmont to a "hold" rating in a report on Friday, March 21st. Finally, TD Securities dropped their price target on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont currently has an average rating of "Moderate Buy" and an average price target of $55.63.

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.