Newmont Co. (NYSE:NEM) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Newmont Co. (NYSE:NEM) by 60.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,964 shares of the basic materials company’s stock after buying an additional 29,077 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Newmont were worth $3,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Andra AP fonden acquired a new position in shares of Newmont during the 4th quarter worth $1,902,000. Edgestream Partners L.P. acquired a new position in Newmont in the 4th quarter valued at about $5,908,000. Callan Family Office LLC acquired a new position in Newmont in the 4th quarter valued at about $481,000. Welch & Forbes LLC raised its stake in Newmont by 5.5% in the 4th quarter. Welch & Forbes LLC now owns 6,950 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 362 shares during the last quarter. Finally, Candriam S.C.A. raised its stake in Newmont by 26.1% in the 4th quarter. Candriam S.C.A. now owns 106,216 shares of the basic materials company’s stock valued at $3,953,000 after purchasing an additional 22,007 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the completion of the transaction, the director now owns 47,916 shares in the company, valued at $2,094,408.36. This represents a 4.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,231 shares of company stock worth $1,388,758 in the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. Bernstein Bank boosted their target price on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Scotiabank cut their target price on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. StockNews.com raised shares of Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Finally, CLSA began coverage on shares of Newmont in a research note on Friday, November 29th. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.16.

Newmont Stock Down 0.1 %

Shares of NYSE:NEM opened at $43.88 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. Newmont Co. has a 1 year low of $33.29 and a 1 year high of $58.72. The stock has a market capitalization of $49.44 billion, a P/E ratio of 14.98, a PEG ratio of 0.41 and a beta of 0.54. The stock has a 50-day simple moving average of $42.53 and a 200-day simple moving average of $45.99.

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

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Tuesday, March 4th. Newmont’s dividend payout ratio is presently 34.13%.

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.