Harbour Investments Inc. Has $142,000 Stock Holdings in Newmont Co. (NYSE:NEM)

Harbour Investments Inc. boosted its stake in shares of Newmont Co. (NYSE:NEM) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,827 shares of the basic materials company’s stock after purchasing an additional 764 shares during the period. Harbour Investments Inc.’s holdings in Newmont were worth $142,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wellington Shields & Co. LLC boosted its position in Newmont by 7.2% during the fourth quarter. Wellington Shields & Co. LLC now owns 38,950 shares of the basic materials company’s stock valued at $1,450,000 after purchasing an additional 2,600 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Newmont by 21.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company’s stock valued at $63,000 after buying an additional 300 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Newmont by 33.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 399,644 shares of the basic materials company’s stock valued at $14,875,000 after buying an additional 101,275 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Newmont by 2.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 235,047 shares of the basic materials company’s stock valued at $8,697,000 after buying an additional 5,900 shares during the last quarter. Finally, Erste Asset Management GmbH lifted its position in shares of Newmont by 5.0% in the fourth quarter. Erste Asset Management GmbH now owns 230,007 shares of the basic materials company’s stock valued at $8,701,000 after buying an additional 11,014 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Trading Down 1.1 %

Shares of NEM stock opened at $47.23 on Friday. The stock’s fifty day moving average price is $44.10 and its two-hundred day moving average price is $45.58. The company has a market cap of $53.22 billion, a PE ratio of 16.12, a P/E/G ratio of 0.41 and a beta of 0.54. Newmont Co. has a fifty-two week low of $33.86 and a fifty-two week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The firm had revenue of $5.65 billion for 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 predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont’s dividend payout ratio is presently 34.13%.

Insider Buying and Selling at Newmont

In related news, COO Natascha Viljoen sold 9,000 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 transaction of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares of the company’s stock, valued at $5,838,680. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s 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 approximately $2,082,800. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,231 shares of company stock valued at $1,388,758. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. CLSA started coverage on Newmont in a research report on Friday, November 29th. They issued an “underperform” rating for the company. Scotiabank lowered their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. TD Securities lowered their target price on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th. Finally, Raymond James lowered their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and a consensus target price of $53.16.

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.