Newmont Co. (NYSE:NEM) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. decreased its holdings in Newmont Co. (NYSE:NEMFree Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,586 shares of the basic materials company’s stock after selling 32,932 shares during the period. Winslow Asset Management Inc.’s holdings in Newmont were worth $5,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue grew its stake in shares of Newmont by 27.5% in the fourth quarter. State of Alaska Department of Revenue now owns 170,138 shares of the basic materials company’s stock worth $7,041,000 after acquiring an additional 36,645 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Newmont by 34.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,280,730 shares of the basic materials company’s stock worth $53,009,000 after acquiring an additional 325,320 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Newmont by 13.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 795,517 shares of the basic materials company’s stock worth $32,926,000 after acquiring an additional 94,692 shares in the last quarter. Premier Fund Managers Ltd acquired a new position in shares of Newmont in the fourth quarter worth $1,276,000. Finally, KLCM Advisors Inc. grew its stake in shares of Newmont by 4.3% in the fourth quarter. KLCM Advisors Inc. now owns 427,826 shares of the basic materials company’s stock worth $17,708,000 after acquiring an additional 17,791 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NYSE:NEM traded up $0.25 on Friday, reaching $40.81. The company’s stock had a trading volume of 2,379,456 shares, compared to its average volume of 12,145,379. The stock’s 50-day moving average is $41.03 and its two-hundred day moving average is $37.96. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $45.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.15 and a quick ratio of 1.90. The stock has a market capitalization of $47.06 billion, a P/E ratio of -15.19, a PEG ratio of 0.35 and a beta of 0.52.

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, topping analysts’ consensus estimates of $0.35 by $0.20. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Newmont Co. will post 2.42 EPS for the current year.

Newmont Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Newmont from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st. 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. StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. National Bank Financial cut shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, April 30th. Finally, Argus cut shares of Newmont from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.36.

View Our Latest Report on NEM

Newmont 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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