11,214 Shares in Newmont Co. (NYSE:NEM) Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new stake in Newmont Co. (NYSE:NEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,214 shares of the basic materials company’s stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mariner LLC lifted its position in Newmont by 2.3% during the 4th quarter. Mariner LLC now owns 650,538 shares of the basic materials company’s stock worth $24,213,000 after acquiring an additional 14,830 shares during the period. RE Dickinson Investment Advisors LLC lifted its holdings in shares of Newmont by 741.9% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 3,056 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 2,693 shares during the period. Kopernik Global Investors LLC purchased a new position in Newmont in the 4th quarter valued at $28,107,000. Sagespring Wealth Partners LLC acquired a new position in Newmont in the 4th quarter valued at $244,000. Finally, Townsquare Capital LLC raised its position in Newmont by 31.4% during the 4th quarter. Townsquare Capital LLC now owns 30,613 shares of the basic materials company’s stock worth $1,139,000 after buying an additional 7,314 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Trading Down 1.6 %

Newmont stock opened at $55.08 on Friday. The stock has a market cap of $62.08 billion, a PE ratio of 18.80, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $47.14 and a 200 day moving average price of $45.07. Newmont Co. has a 52 week low of $36.60 and a 52 week high of $58.72.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. Equities research analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont’s dividend payout ratio (DPR) is 34.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NEM. National Bank Financial raised shares of Newmont to a “hold” rating in a report on Friday, March 21st. UBS Group raised Newmont from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $60.00 in a report on Friday, April 11th. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, TD Securities lowered their target price on shares of Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.02.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now directly owns 86,526 shares in the company, valued at approximately $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $89,082.53. Following the transaction, the director now directly owns 49,993 shares of the company’s stock, valued at $2,144,199.77. This trade represents a 3.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock valued at $825,678 over the last quarter. Company insiders own 0.05% of the company’s stock.

Newmont 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.