Waller Financial Planning Group Inc. acquired a new position in shares of Newmont Co. (NYSE:NEM – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,858 shares of the basic materials company’s stock, valued at approximately $218,000.
A number of other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in Newmont by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 291,119 shares of the basic materials company’s stock worth $12,189,000 after purchasing an additional 14,912 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Newmont by 80.7% in the second quarter. Farther Finance Advisors LLC now owns 8,007 shares of the basic materials company’s stock valued at $333,000 after buying an additional 3,575 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Newmont by 70.3% during the second quarter. Natixis Advisors LLC now owns 120,787 shares of the basic materials company’s stock valued at $5,057,000 after buying an additional 49,859 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Newmont by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 99,068 shares of the basic materials company’s stock worth $4,148,000 after acquiring an additional 543 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Newmont by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 1,269,573 shares of the basic materials company’s stock valued at $53,139,000 after acquiring an additional 18,509 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Newmont
In other news, Director Harry M. Iv Conger acquired 9,498 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the acquisition, the director now directly owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.
Analyst Ratings Changes
Read Our Latest Research Report on Newmont
Newmont Stock Down 0.5 %
Newmont stock traded down $0.19 during midday trading on Friday, hitting $38.18. The stock had a trading volume of 2,365,774 shares, compared to its average volume of 5,241,802. 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 business has a fifty day moving average price of $41.76 and a 200 day moving average price of $47.01. Newmont Co. has a 12 month low of $29.42 and a 12 month high of $58.72. The stock has a market cap of $43.47 billion, a P/E ratio of -25.12, a P/E/G ratio of 0.35 and a beta of 0.49.
Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.67 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Research analysts predict that Newmont Co. will post 3.08 EPS for the current year.
Newmont Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.62%. Newmont’s dividend payout ratio is currently -65.79%.
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.
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