Sapient Capital LLC Sells 341 Shares of Newmont Co. (NYSE:NEM)

Sapient Capital LLC cut its holdings in shares of Newmont Co. (NYSE:NEM) by 2.9% during the first quarter, Holdings Channel reports. The fund owned 11,576 shares of the basic materials company’s stock after selling 341 shares during the period. Sapient Capital LLC’s holdings in Newmont were worth $559,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Newmont by 13.6% during the 1st quarter. Fifth Third Bancorp now owns 38,414 shares of the basic materials company’s stock worth $1,855,000 after buying an additional 4,605 shares in the last quarter. Bard Financial Services Inc. lifted its holdings in Newmont by 27.5% during the 1st quarter. Bard Financial Services Inc. now owns 109,855 shares of the basic materials company’s stock worth $5,304,000 after buying an additional 23,675 shares in the last quarter. CX Institutional lifted its holdings in Newmont by 28.7% during the 1st quarter. CX Institutional now owns 6,657 shares of the basic materials company’s stock worth $321,000 after buying an additional 1,483 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in Newmont during the 1st quarter worth $339,000. Finally, Handelsbanken Fonder AB lifted its holdings in Newmont by 3.3% during the 1st quarter. Handelsbanken Fonder AB now owns 492,206 shares of the basic materials company’s stock worth $23,764,000 after buying an additional 15,792 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Newmont in a report on Monday, April 14th. TD Securities reduced their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, February 26th. Cfra Research raised Newmont to a “strong-buy” rating in a research note on Friday, April 25th. Raymond James reissued an “outperform” rating and issued a $66.00 price target on shares of Newmont in a research note on Friday, April 25th. Finally, Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.68.

Newmont Price Performance

NEM opened at $55.94 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 12 month low of $36.86 and a 12 month high of $58.72. The company has a fifty day simple moving average of $52.74 and a 200 day simple moving average of $46.27. The stock has a market cap of $62.26 billion, a P/E ratio of 19.09, a P/E/G ratio of 0.41 and a beta of 0.31.

Newmont (NYSE:NEM) last released its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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. During the same quarter in the prior year, the company earned $0.55 EPS. On average, research analysts expect that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, May 27th. Newmont’s dividend payout ratio is currently 22.42%.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $112,344.93. Following the completion of the transaction, the director now owns 45,180 shares in the company, valued at approximately $2,443,786.20. This represents a 4.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president now owns 77,526 shares of the company’s stock, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock worth $381,539 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

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.