Newmont Co. (NYSE:NEM) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its holdings in Newmont Co. (NYSE:NEM) by 1.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 36,974 shares of the basic materials company’s stock after buying an additional 585 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Newmont were worth $1,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC grew its holdings in Newmont by 1.8% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 22,355 shares of the basic materials company’s stock valued at $1,195,000 after buying an additional 385 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Newmont in the third quarter valued at about $52,000. State of New Jersey Common Pension Fund D increased its position in Newmont by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 428,636 shares of the basic materials company’s stock worth $22,911,000 after purchasing an additional 1,450 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Newmont by 1.1% during the third quarter. Crossmark Global Holdings Inc. now owns 52,519 shares of the basic materials company’s stock worth $2,807,000 after purchasing an additional 553 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in Newmont by 102.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 11,196 shares of the basic materials company’s stock valued at $598,000 after purchasing an additional 5,678 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $161,430.00. Following the sale, the executive vice president now directly owns 91,596 shares in the company, valued at $4,928,780.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $1,049,400.00. Following the transaction, the chief executive officer now directly owns 291,469 shares of the company’s stock, valued at $15,293,378.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the completion of the sale, the executive vice president now directly owns 91,596 shares of the company’s stock, valued at approximately $4,928,780.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,000 shares of company stock worth $2,444,440 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $42.34 on Tuesday. The firm has a 50 day moving average of $52.17 and a two-hundred day moving average of $47.46. The stock has a market capitalization of $48.20 billion, a PE ratio of -27.86, a P/E/G ratio of 0.37 and a beta of 0.51. 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 52 week low of $29.42 and a 52 week high of $58.72.

Newmont (NYSE:NEM) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, research analysts predict that Newmont Co. will post 3.15 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.36%. Newmont’s dividend payout ratio is currently -65.79%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NEM. Jefferies Financial Group lifted their price target on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada reduced their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 24th. Argus raised Newmont from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, August 29th. UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and decreased their target price for the company from $67.00 to $54.00 in a research report on Wednesday, October 30th. Finally, Bernstein Bank lifted their price target on shares of Newmont from $55.00 to $58.00 in a research report on Monday. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average target price of $54.14.

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.