First Affirmative Financial Network Makes New $207,000 Investment in Newmont Co. (NYSE:NEM)

First Affirmative Financial Network acquired a new position in Newmont Co. (NYSE:NEM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,282 shares of the basic materials company’s stock, valued at approximately $207,000.

Several other hedge funds have also bought and sold shares of the stock. HighPoint Advisor Group LLC boosted its position in Newmont by 3.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 219 shares in the last quarter. Rothschild Investment LLC boosted its position in Newmont by 8.5% in the 1st quarter. Rothschild Investment LLC now owns 2,786 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 219 shares in the last quarter. Keel Point LLC boosted its position in Newmont by 2.0% in the 4th quarter. Keel Point LLC now owns 14,774 shares of the basic materials company’s stock worth $550,000 after purchasing an additional 287 shares in the last quarter. Howard Capital Management Inc. boosted its position in Newmont by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 292 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its position in Newmont by 21.4% in the 4th quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the completion of the sale, the executive vice president now directly owns 77,526 shares of the company’s stock, valued at $4,193,381.34. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the completion of the sale, the director now directly owns 47,257 shares of the company’s stock, 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. Insiders sold 7,154 shares of company stock valued at $381,539 in the last three months. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NEM shares. TD Securities lowered their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. BMO Capital Markets reiterated an “outperform” rating on shares of Newmont in a research report on Thursday, April 24th. Wall Street Zen upgraded Newmont from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. 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, Scotiabank reiterated a “sector perform” rating on shares of Newmont in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average price target of $57.68.

Newmont Stock Down 3.9%

NYSE NEM opened at $52.36 on Friday. The business has a fifty day moving average price of $52.16 and a 200 day moving average price of $45.99. Newmont Co. has a one year low of $36.86 and a one year 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. The company has a market cap of $58.28 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the company earned $0.55 EPS. Research analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is presently 22.42%.

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.