Newmont Co. (NYSE:NEM) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. lifted its position in Newmont Co. (NYSE:NEM) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,755 shares of the basic materials company’s stock after buying an additional 1,551 shares during the quarter. Newmont makes up 2.2% of West Family Investments Inc.’s investment portfolio, making the stock its 11th largest holding. West Family Investments Inc.’s holdings in Newmont were worth $6,364,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new position in shares of Newmont during the 3rd quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in shares of Newmont during the fourth quarter worth approximately $26,000. OFI Invest Asset Management acquired a new stake in shares of Newmont in the 3rd quarter worth $30,000. CVA Family Office LLC purchased a new stake in shares of Newmont in the fourth quarter valued at about $34,000. Finally, Operose Advisors LLC increased its stake in shares of Newmont by 156.8% during the third quarter. Operose Advisors LLC now owns 1,040 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities increased their price objective on Newmont from $43.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Royal Bank of Canada lowered their target price on shares of Newmont from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. Scotiabank reduced their price objective on Newmont from $50.00 to $43.50 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Jefferies Financial Group started coverage on Newmont in a report on Thursday, February 29th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, StockNews.com upgraded shares of Newmont from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and a consensus target price of $51.61.

Newmont Trading Up 0.7 %

NYSE NEM traded up $0.28 during trading hours on Thursday, hitting $40.86. 3,892,290 shares of the company’s stock were exchanged, compared to its average volume of 13,650,607. The business’s 50 day moving average is $36.00 and its 200-day moving average is $36.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 2.15. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $50.18. The firm has a market capitalization of $47.12 billion, a P/E ratio of -15.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.48.

Newmont (NYSE:NEM) last released its earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.20. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The company’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. As a group, analysts anticipate that Newmont Co. will post 2.16 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, June 4th. Newmont’s dividend payout ratio (DPR) is presently -37.45%.

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.