Newmont Co. (NYSE:NEM) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. grew its position in Newmont Co. (NYSE:NEM) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,780 shares of the basic materials company’s stock after purchasing an additional 15,542 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Newmont were worth $5,538,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC grew its stake in Newmont by 117.7% during the third quarter. Townsquare Capital LLC now owns 23,299 shares of the basic materials company’s stock worth $1,245,000 after buying an additional 12,596 shares during the period. Glenmede Trust Co. NA boosted its position in Newmont by 8.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,642 shares of the basic materials company’s stock worth $1,584,000 after purchasing an additional 2,199 shares during the period. Public Sector Pension Investment Board increased its holdings in Newmont by 11.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,238 shares of the basic materials company’s stock valued at $2,632,000 after purchasing an additional 4,900 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in Newmont in the third quarter valued at about $10,153,000. Finally, Erste Asset Management GmbH acquired a new position in shares of Newmont during the third quarter worth about $11,800,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

NEM has been the topic of several analyst reports. Scotiabank dropped their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. TD Securities reduced their target price on shares of Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. National Bank Financial raised shares of Newmont to a “hold” rating in a report on Friday, March 21st. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group began coverage on Newmont in a research note on Monday, January 13th. They set a “buy” rating and a $47.20 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.16.

Newmont Stock Up 0.4 %

Shares of NYSE:NEM opened at $48.28 on Tuesday. Newmont Co. has a 1-year low of $36.10 and a 1-year high of $58.72. The company’s fifty day moving average is $44.91 and its two-hundred day moving average is $45.39. 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 stock has a market capitalization of $54.43 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. Equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont’s payout ratio is 34.13%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,596 shares of the company’s stock, valued at $3,303,840. This represents a 3.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the sale, the director now directly owns 52,070 shares in the company, valued at $2,082,800. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,231 shares of company stock valued at $1,388,758. 0.05% of the stock is currently owned by company insiders.

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.