Nemes Rush Group LLC Purchases 1,357 Shares of Newmont Co. (NYSE:NEM)

Nemes Rush Group LLC boosted its position in shares of Newmont Co. (NYSE:NEM) by 206.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,013 shares of the basic materials company’s stock after buying an additional 1,357 shares during the quarter. Nemes Rush Group LLC’s holdings in Newmont were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC increased its position in shares of Newmont by 3.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 219 shares during the period. Rodgers Brothers Inc. increased its holdings in Newmont by 68.0% during the 4th quarter. Rodgers Brothers Inc. now owns 34,720 shares of the basic materials company’s stock valued at $1,292,000 after purchasing an additional 14,050 shares during the period. Colrain Capital LLC purchased a new position in shares of Newmont during the fourth quarter valued at approximately $3,824,000. Cannell & Spears LLC raised its holdings in shares of Newmont by 6.1% during the fourth quarter. Cannell & Spears LLC now owns 53,175 shares of the basic materials company’s stock valued at $1,979,000 after acquiring an additional 3,060 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Newmont by 11.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 148,780 shares of the basic materials company’s stock worth $5,538,000 after acquiring an additional 15,542 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Securities cut their target price on shares of Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their price objective on Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. Scotiabank decreased their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. StockNews.com upgraded Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, National Bank Financial upgraded Newmont to a “hold” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $53.16.

Newmont Stock Up 0.9 %

Shares of Newmont stock opened at $48.74 on Thursday. The company has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $45.37. The stock has a market capitalization of $54.94 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a 52-week low of $36.60 and a 52-week high of $58.72. 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 (NYSE:NEM) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping 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 company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. On average, analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. Newmont’s dividend payout ratio (DPR) is presently 34.13%.

Insider Buying and Selling

In related news, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now directly owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,231 shares of company stock worth $1,388,758. 0.05% of the stock is owned by corporate insiders.

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.