Stephens Inc. AR Has $5.28 Million Stake in Newmont Co. (NYSE:NEM)

Stephens Inc. AR boosted its position in shares of Newmont Co. (NYSE:NEMFree Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,615 shares of the basic materials company’s stock after acquiring an additional 16,009 shares during the period. Stephens Inc. AR’s holdings in Newmont were worth $5,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. Grey Street Capital LLC grew its position in Newmont by 0.4% in the fourth quarter. Grey Street Capital LLC now owns 69,874 shares of the basic materials company’s stock valued at $2,892,000 after purchasing an additional 289 shares in the last quarter. Reitz Capital Advisors LLC grew its position in Newmont by 1.1% in the fourth quarter. Reitz Capital Advisors LLC now owns 28,174 shares of the basic materials company’s stock valued at $1,166,000 after purchasing an additional 298 shares in the last quarter. Antonetti Capital Management LLC grew its position in shares of Newmont by 30.0% in the 3rd quarter. Antonetti Capital Management LLC now owns 1,300 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 300 shares during the period. Berkeley Capital Partners LLC grew its position in shares of Newmont by 5.6% in the 4th quarter. Berkeley Capital Partners LLC now owns 5,960 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 318 shares during the period. Finally, Jacobsen Capital Management grew its position in shares of Newmont by 3.2% in the 4th quarter. Jacobsen Capital Management now owns 11,841 shares of the basic materials company’s stock valued at $490,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NYSE NEM traded down $1.69 during trading hours on Friday, hitting $40.81. 3,350,033 shares of the stock were exchanged, compared to its average volume of 12,404,019. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $45.92. The company has a market cap of $47.06 billion, a PE ratio of -15.92, a price-to-earnings-growth ratio of 0.34 and a beta of 0.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 2.15. The company’s fifty day simple moving average is $40.64 and its two-hundred day simple moving average is $37.84.

Newmont (NYSE:NEMGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.20. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, sell-side analysts predict that Newmont Co. will post 2.37 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, June 4th. Newmont’s payout ratio is -37.45%.

Wall Street Analyst Weigh In

NEM has been the subject of a number of analyst reports. TD Securities lifted their price objective on shares of Newmont from $43.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Scotiabank lifted their price objective on shares of Newmont from $46.50 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Citigroup decreased their price objective on shares of Newmont from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, April 4th. Royal Bank of Canada decreased their price objective on shares of Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Finally, National Bank Financial cut shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.36.

Read Our Latest Analysis on NEM

Newmont Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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