20,522 Shares in Newmont Co. (NYSE:NEM) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new position in Newmont Co. (NYSE:NEMFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 20,522 shares of the basic materials company’s stock, valued at approximately $849,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Compass Wealth Management LLC purchased a new stake in Newmont during the 4th quarter valued at $25,000. TFC Financial Management Inc. raised 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 valued at $26,000 after buying an additional 499 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Newmont during the 3rd quarter valued at $26,000. Life Planning Partners Inc purchased a new stake in Newmont during the 4th quarter valued at $26,000. Finally, Bartlett & Co. LLC purchased a new stake in Newmont during the 3rd quarter valued at $28,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEM has been the subject of a number of research reports. Argus lowered shares of Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. National Bank Financial reiterated an “outperform overweight” rating on shares of Newmont in a research note on Wednesday, January 3rd. StockNews.com lowered shares of Newmont from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. Royal Bank of Canada cut their price objective on shares of Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Finally, TD Securities cut their price objective on shares of Newmont from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.97.

Get Our Latest Stock Analysis on Newmont

Newmont Trading Up 1.0 %

Shares of Newmont stock opened at $36.79 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $33.60 and a 200 day moving average of $36.86. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $52.76.

Newmont (NYSE:NEMGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Newmont had a positive return on equity of 6.21% and a negative net margin of 20.95%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, equities analysts forecast that Newmont Co. will post 1.88 earnings per share for the current fiscal 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.72%. The ex-dividend date was Monday, March 4th. Newmont’s payout ratio is currently -42.02%.

About Newmont

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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