Newmont Co. (NYSE:NEM) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its stake in shares of Newmont Co. (NYSE:NEM) by 5.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,295 shares of the basic materials company’s stock after selling 1,154 shares during the quarter. Radnor Capital Management LLC’s holdings in Newmont were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. Hoese & Co LLP acquired a new stake in shares of Newmont during the third quarter worth about $27,000. Avior Wealth Management LLC grew its stake in Newmont by 191.8% during the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after buying an additional 326 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Newmont during the third quarter worth approximately $28,000. Highline Wealth Partners LLC purchased a new stake in Newmont in the third quarter valued at approximately $32,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 361 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now owns 145,967 shares of the company’s stock, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harry M. Iv Conger acquired 9,498 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the purchase, the director now owns 14,498 shares in the company, valued at $611,090.70. The trade was a 189.96 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 14,077 shares of company stock worth $563,080. 0.06% of the stock is owned by corporate insiders.

Newmont Stock Performance

NYSE:NEM opened at $41.43 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The firm’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $46.90. The stock has a market cap of $47.17 billion, a PE ratio of -27.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. Analysts expect that Newmont Co. will post 3.08 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were issued 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 yield of 2.41%. Newmont’s dividend payout ratio is presently -65.79%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NEM shares. Bernstein Bank upped their price target on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. CLSA started coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. The Goldman Sachs Group began coverage on Newmont in a report on Monday. They set a “buy” rating and a $47.20 price target on the stock. Veritas raised Newmont to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Raymond James lowered their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.80.

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.