Newmont Co. (NYSE:NEM) Position Trimmed by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in shares of Newmont Co. (NYSE:NEM) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,064 shares of the basic materials company’s stock after selling 428 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Newmont were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. Stifel Financial Corp grew its holdings in shares of Newmont by 27.4% during the 4th quarter. Stifel Financial Corp now owns 696,719 shares of the basic materials company’s stock valued at $25,932,000 after acquiring an additional 149,968 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Newmont by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 76,218 shares of the basic materials company’s stock valued at $2,837,000 after purchasing an additional 13,590 shares in the last quarter. MetLife Investment Management LLC increased its position in Newmont by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 301,346 shares of the basic materials company’s stock worth $11,216,000 after purchasing an additional 2,864 shares during the last quarter. Natixis raised its stake in shares of Newmont by 1,118.4% during the 4th quarter. Natixis now owns 528,071 shares of the basic materials company’s stock worth $19,655,000 after purchasing an additional 484,728 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in shares of Newmont by 14.6% during the 4th quarter. Norinchukin Bank The now owns 58,211 shares of the basic materials company’s stock valued at $2,167,000 after buying an additional 7,421 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Price Performance

NYSE:NEM opened at $53.93 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock has a market cap of $60.79 billion, a P/E ratio of 18.41, a PEG ratio of 0.41 and a beta of 0.54. The company has a fifty day moving average price of $47.89 and a 200 day moving average price of $45.07. Newmont Co. has a one year low of $36.86 and a one year high of $58.72.

Newmont (NYSE:NEM) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Newmont’s payout ratio is 22.42%.

Wall Street Analyst Weigh In

NEM has been the topic of a number of research reports. Argus set a $63.00 price objective on Newmont in a report on Friday. Royal Bank of Canada increased their price target on shares of Newmont from $51.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. Scotiabank reaffirmed a “sector perform” rating on shares of Newmont in a research note on Monday, April 14th. UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. Finally, StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.40.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the transaction, the director now owns 49,993 shares of the company’s stock, valued at $2,144,199.77. This represents a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now directly owns 136,967 shares in the company, valued at $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock valued at $825,678 over the last ninety days. 0.05% of the stock is owned by company 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.