Lindbrook Capital LLC Has $151,000 Stock Position in Newmont Co. (NYSE:NEM)

Lindbrook Capital LLC lifted its holdings in shares of Newmont Co. (NYSE:NEM) by 346.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,647 shares of the basic materials company’s stock after buying an additional 2,831 shares during the period. Lindbrook Capital LLC’s holdings in Newmont were worth $151,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC increased its holdings in Newmont by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 30,989 shares of the basic materials company’s stock worth $1,145,000 after purchasing an additional 767 shares in the last quarter. HB Wealth Management LLC increased its holdings in Newmont by 7.2% in the 3rd quarter. HB Wealth Management LLC now owns 10,877 shares of the basic materials company’s stock worth $402,000 after purchasing an additional 729 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in Newmont by 81.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 18,084 shares of the basic materials company’s stock worth $668,000 after purchasing an additional 8,139 shares in the last quarter. LGT Capital Partners LTD. increased its holdings in Newmont by 2.2% in the 3rd quarter. LGT Capital Partners LTD. now owns 816,500 shares of the basic materials company’s stock worth $30,170,000 after purchasing an additional 17,710 shares in the last quarter. Finally, Marion Wealth Management increased its holdings in Newmont by 10.6% in the 3rd quarter. Marion Wealth Management now owns 17,449 shares of the basic materials company’s stock worth $645,000 after purchasing an additional 1,666 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEM. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th. Scotiabank reduced their price target on Newmont from $50.00 to $43.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Argus lowered Newmont from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. StockNews.com lowered Newmont from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. Finally, Citigroup reduced their price target on Newmont from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.89.

Newmont Stock Performance

Shares of Newmont stock opened at $37.71 on Wednesday. Newmont Co. has a one year low of $29.42 and a one year high of $50.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.25. The stock’s 50-day moving average is $35.01 and its 200 day moving average is $36.86.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.44 billion. Newmont had a positive return on equity of 6.21% and a negative net margin of 20.95%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, equities analysts anticipate that Newmont Co. will post 1.98 EPS for the current fiscal year.

Newmont Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were issued a $0.25 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.00 annualized dividend and a yield of 2.65%. Newmont’s payout ratio is currently -42.02%.

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.