Aviva PLC Has $32.39 Million Holdings in Newmont Co. (NYSE:NEM)

Aviva PLC lessened its position in shares of Newmont Co. (NYSE:NEM) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 870,314 shares of the basic materials company’s stock after selling 395,791 shares during the period. Aviva PLC owned about 0.08% of Newmont worth $32,393,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NEM. HHM Wealth Advisors LLC raised its position in Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after buying an additional 350 shares during the last quarter. Promus Capital LLC acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC lifted its position in shares of Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Newmont during the fourth quarter worth $43,000. Finally, Assetmark Inc. grew its position in Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 820 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Newmont Trading Down 8.4 %

Shares of NYSE:NEM opened at $44.25 on Monday. The stock has a market cap of $49.88 billion, a PE ratio of 15.10, a P/E/G ratio of 0.41 and a beta of 0.54. 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 $36.60 and a 12-month high of $58.72. The business has a 50 day moving average of $45.34 and a 200-day moving average of $45.22.

Newmont (NYSE:NEM) last issued its quarterly earnings data 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. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. As a group, equities research analysts forecast that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Tuesday, March 4th. Newmont’s dividend payout ratio is currently 34.13%.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the sale, the chief operating officer now directly owns 145,967 shares of the company’s stock, valued at $5,838,680. This represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,231 shares of company stock worth $1,388,758 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

NEM has been the subject of a number of recent research reports. Raymond James increased their price objective on shares of Newmont from $54.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada increased their price target on Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a research report on Friday. Scotiabank lowered their price target on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group assumed coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 price objective for the company. Finally, StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average target price of $54.09.

About Newmont

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.