Newmont Co. (NYSE:NEM) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Newmont Co. (NYSE:NEM - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,959,496 shares of the basic materials company's stock after buying an additional 204,485 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of Newmont worth $81,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NEM. TFC Financial Management Inc. increased its position in Newmont by 242.2% in the third quarter. TFC Financial Management Inc. now owns 705 shares of the basic materials company's stock worth $26,000 after buying an additional 499 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Newmont in the third quarter valued at $26,000. Life Planning Partners Inc purchased a new position in shares of Newmont in the fourth quarter valued at $26,000. OFI Invest Asset Management purchased a new position in shares of Newmont in the third quarter valued at $30,000. Finally, CVA Family Office LLC purchased a new position in shares of Newmont in the fourth quarter valued at $34,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Stock Down 1.6 %

Shares of NEM stock traded down $0.68 during midday trading on Friday, reaching $42.73. 14,689,213 shares of the stock were exchanged, compared to its average volume of 14,308,821. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $50.18. The company's 50 day moving average is $35.54 and its two-hundred day moving average is $36.93. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 0.32. The firm has a market cap of $49.26 billion, a PE ratio of -16.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.20. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the business earned $0.40 EPS. The business's revenue for the quarter was up 50.2% on a year-over-year basis. On average, equities research analysts predict that Newmont Co. will post 2.16 EPS for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. Newmont's dividend payout ratio is currently -37.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank reduced their price target on Newmont from $50.00 to $43.50 and set a "sector perform" rating for the company in a research report on Wednesday, February 28th. StockNews.com upgraded Newmont from a "sell" rating to a "hold" rating in a research report on Friday. National Bank Financial reiterated an "outperform overweight" rating on shares of Newmont in a research report on Monday, April 8th. Argus cut Newmont from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Finally, Royal Bank of Canada dropped their price objective on Newmont from $45.00 to $40.00 and set a "sector perform" rating for the company in a research note on Thursday, February 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.75.

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.