Yousif Capital Management LLC Buys 42,004 Shares of Newmont Co. (NYSE:NEM)

Yousif Capital Management LLC grew its stake in Newmont Co. (NYSE:NEM - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,806 shares of the basic materials company's stock after acquiring an additional 42,004 shares during the quarter. Yousif Capital Management LLC's holdings in Newmont were worth $6,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEM. TFC Financial Management Inc. increased its stake in Newmont by 242.2% during the 3rd quarter. TFC Financial Management Inc. now owns 705 shares of the basic materials company's stock worth $26,000 after purchasing an additional 499 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Newmont during the 3rd quarter worth approximately $26,000. Life Planning Partners Inc bought a new stake in Newmont during the 4th quarter worth approximately $26,000. OFI Invest Asset Management bought a new stake in Newmont during the 3rd quarter worth approximately $30,000. Finally, CVA Family Office LLC bought a new stake in Newmont during the 4th quarter worth approximately $34,000. 68.85% of the stock is owned by institutional investors.

Newmont Trading Up 12.5 %

Shares of NEM traded up $4.81 during trading hours on Thursday, hitting $43.41. 36,079,861 shares of the stock were exchanged, compared to its average volume of 13,785,023. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $50.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.98. The business has a 50-day moving average of $35.35 and a 200-day moving average of $36.92. The firm has a market capitalization of $50.04 billion, a P/E ratio of -18.24, a price-to-earnings-growth ratio of 1.05 and a beta of 0.50.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23. Newmont had a negative net margin of 20.95% and a positive return on equity of 6.21%. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.66 billion. During the same period in the prior year, the company posted $0.40 earnings per share. Newmont's revenue for the quarter was up 50.2% compared to the same quarter last year. On average, research analysts expect that Newmont Co. will post 1.97 EPS for the current year.

Newmont Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Monday, March 4th. Newmont's payout ratio is -42.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NEM shares. TD Securities decreased their price target on shares of Newmont from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, February 23rd. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Newmont in a research note on Monday, April 8th. Argus cut shares of Newmont from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Scotiabank decreased their price target on shares of Newmont from $50.00 to $43.50 and set a "sector perform" rating for the company in a research note on Wednesday, February 28th. Finally, BMO Capital Markets decreased their price target on shares of Newmont from $57.00 to $56.00 and set an "outperform" rating for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.89.

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.