Newmont Co. (NYSE:NEM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,445,033 shares of the basic materials company's stock after selling 533,544 shares during the quarter. Dimensional Fund Advisors LP owned 0.81% of Newmont worth $266,780,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Summit Trail Advisors LLC grew its holdings in Newmont by 23.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,222 shares of the basic materials company's stock worth $230,000 after acquiring an additional 1,197 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in Newmont by 2.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 139,133 shares of the basic materials company's stock valued at $5,141,000 after purchasing an additional 2,828 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Newmont by 5.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 218,505 shares of the basic materials company's stock worth $8,074,000 after buying an additional 10,475 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Newmont during the third quarter valued at approximately $26,000. Finally, Wealthfront Advisers LLC increased its stake in shares of Newmont by 14.2% during the third quarter. Wealthfront Advisers LLC now owns 94,293 shares of the basic materials company's stock valued at $3,484,000 after buying an additional 11,754 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Up 0.2 %

Shares of NYSE:NEM traded up $0.10 during trading on Tuesday, reaching $42.56. 7,141,568 shares of the stock traded hands, compared to its average volume of 13,185,586. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $47.45. The stock has a market cap of $49.08 billion, a P/E ratio of -15.99, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. The stock has a 50-day moving average of $37.71 and a two-hundred day moving average of $37.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 2.15.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company's revenue was up 50.2% on a year-over-year basis. As a group, sell-side analysts expect that Newmont Co. will post 2.4 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.35%. Newmont's dividend payout ratio (DPR) is -37.45%.

Analyst Ratings Changes

A number of brokerages have issued reports on NEM. Jefferies Financial Group assumed coverage on shares of Newmont in a research report on Thursday, February 29th. They set a "buy" rating and a $38.00 price objective on the stock. TD Securities raised their price objective on shares of Newmont from $43.00 to $48.00 and gave the stock a "hold" rating in a report on Friday, April 26th. StockNews.com upgraded Newmont from a "sell" rating to a "hold" rating in a report on Friday, April 26th. Argus cut Newmont from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Finally, National Bank Financial cut Newmont from an "outperform overweight" rating to a "sector perform overweight" rating in a research note on Tuesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.35.

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.