Optiver Holding B.V. Invests $165,000 in Newmont Co. (NYSE:NEM)

Optiver Holding B.V. bought a new stake in shares of Newmont Co. (NYSE:NEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,440 shares of the basic materials company’s stock, valued at approximately $165,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC increased its stake in shares of Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 219 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Newmont by 2.4% during the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 281 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in Newmont by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 292 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in Newmont by 21.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 300 shares during the last quarter. Finally, Fiduciary Financial Group LLC lifted its holdings in Newmont by 3.6% in the fourth quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the transaction, the director now directly owns 47,916 shares of the company’s stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 19,154 shares of company stock worth $825,678. 0.05% of the stock is owned by company insiders.

Newmont Stock Up 0.2 %

Newmont stock opened at $54.05 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market capitalization of $60.93 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The stock’s fifty day moving average is $48.02 and its two-hundred day moving average is $45.07.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.54. The business had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter last year, the company earned $0.55 earnings per share. Analysts predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, May 27th. Newmont’s payout ratio is currently 22.42%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEM. Royal Bank of Canada boosted their target price on Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. National Bank Financial raised Newmont to a “hold” rating in a report on Friday, March 21st. Scotiabank restated a “sector perform” rating on shares of Newmont in a research note on Monday, April 14th. StockNews.com upgraded Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $66.00 price objective on shares of Newmont in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Newmont has an average rating of “Moderate Buy” and a consensus target price of $55.63.

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.