Bokf Na Reduces Stake in Newmont Co. (NYSE:NEM)

Bokf Na trimmed its position in shares of Newmont Co. (NYSE:NEM) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 46,811 shares of the basic materials company’s stock after selling 609 shares during the quarter. Bokf Na’s holdings in Newmont were worth $1,830,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NEM. Blue Capital Inc. acquired a new stake in Newmont during the 4th quarter valued at $223,000. Bridgefront Capital LLC acquired a new stake in shares of Newmont during the fourth quarter valued at $1,249,000. Cahill Financial Advisors Inc. increased its position in Newmont by 11.3% during the 4th quarter. Cahill Financial Advisors Inc. now owns 6,068 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 614 shares in the last quarter. Banque Transatlantique SA acquired a new position in Newmont in the 4th quarter valued at about $122,000. Finally, Bearing Point Capital LLC purchased a new position in Newmont in the 4th quarter valued at about $2,286,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

NEM has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. Scotiabank reissued a “sector perform” rating on shares of Newmont in a research note on Monday, April 14th. TD Securities lowered their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, February 26th. Raymond James reiterated an “outperform” rating and set a $66.00 target price on shares of Newmont in a research report on Friday, April 25th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Newmont in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and a consensus target price of $55.63.

Newmont Stock Performance

Newmont stock opened at $52.84 on Friday. 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 Co. has a one year low of $36.86 and a one year high of $58.72. The stock’s 50 day moving average price is $49.47 and its 200 day moving average price is $45.03. The firm has a market capitalization of $58.81 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last announced 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. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. During the same period in the prior year, the firm earned $0.55 earnings per share. As a group, sell-side analysts expect that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s payout ratio is 22.42%.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares in the company, valued at approximately $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the transaction, the director now owns 47,257 shares in the company, valued at $2,432,790.36. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,154 shares of company stock worth $328,840. 0.05% of the stock is currently owned by corporate insiders.

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.