Newmont Co. (NYSE:NEM) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,767 shares of the basic materials company's stock after purchasing an additional 79,032 shares during the period. Amalgamated Bank's holdings in Newmont were worth $11,662,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new position in shares of Newmont in the third quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in shares of Newmont in the fourth quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in shares of Newmont in the third quarter worth about $30,000. CVA Family Office LLC purchased a new stake in shares of Newmont in the fourth quarter worth about $34,000. Finally, Operose Advisors LLC lifted its position in shares of Newmont by 156.8% in the third quarter. Operose Advisors LLC now owns 1,040 shares of the basic materials company's stock worth $38,000 after buying an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Trading Down 1.0 %

NYSE:NEM traded down $0.39 during midday trading on Friday, hitting $40.66. The stock had a trading volume of 7,306,324 shares, compared to its average volume of 14,411,746. The company has a quick ratio of 1.90, a current ratio of 2.15 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $46.89 billion, a price-to-earnings ratio of -15.23, a PEG ratio of 0.97 and a beta of 0.48. The stock has a 50-day moving average of $36.40 and a 200 day moving average of $37.02. Newmont Co. has a one year low of $29.42 and a one year high of $50.18.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.20. The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.66 billion. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. The business's revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, sell-side analysts forecast that Newmont Co. will post 2.32 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.00 annualized dividend and a yield of 2.46%. Newmont's dividend payout ratio (DPR) is presently -37.45%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NEM. Argus downgraded Newmont from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. BMO Capital Markets decreased their target price on Newmont from $56.00 to $54.00 and set an "outperform" rating on the stock in a research report on Thursday. Scotiabank decreased their price objective on Newmont from $50.00 to $43.50 and set a "sector perform" rating on the stock in a research report on Wednesday, February 28th. Citigroup decreased their price objective on Newmont from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, April 4th. Finally, TD Securities upped their price objective on Newmont from $43.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and an average target price of $48.35.

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.