Newmont Co. (NYSE:NEM) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its position in Newmont Co. (NYSE:NEM) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,390 shares of the basic materials company’s stock after selling 882 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Newmont were worth $349,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Mizuho Securities USA LLC lifted its holdings in shares of Newmont by 45.0% in the 4th quarter. Mizuho Securities USA LLC now owns 107,899 shares of the basic materials company’s stock worth $4,016,000 after acquiring an additional 33,494 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Newmont by 233.8% in the 4th quarter. Virtu Financial LLC now owns 77,217 shares of the basic materials company’s stock worth $2,874,000 after acquiring an additional 54,081 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Newmont by 487.0% in the 4th quarter. Quantbot Technologies LP now owns 382,250 shares of the basic materials company’s stock worth $14,227,000 after acquiring an additional 317,131 shares during the last quarter. Sciencast Management LP lifted its holdings in shares of Newmont by 4.6% in the 4th quarter. Sciencast Management LP now owns 54,859 shares of the basic materials company’s stock worth $2,042,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Summit Global Investments lifted its holdings in shares of Newmont by 14.4% in the 4th quarter. Summit Global Investments now owns 8,657 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 1,092 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, the executive vice president now directly owns 86,526 shares of the company’s stock, valued at approximately $3,782,051.46. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total transaction of $90,785.67. Following the transaction, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. The trade was a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock valued at $1,388,758 in the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Trading Down 1.1 %

Shares of NYSE:NEM opened at $47.23 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $44.10 and its two-hundred day moving average 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 52 week low of $33.86 and a 52 week high of $58.72.

Newmont (NYSE:NEM) last posted 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 firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. Equities analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be given 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 (DPR) is 34.13%.

Wall Street Analysts Forecast Growth

NEM has been the topic of several recent analyst reports. Raymond James decreased their price objective on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Newmont in a report on Monday, January 13th. They set a “buy” rating and a $47.20 target price on the stock. Scotiabank reduced their target price on shares of 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 report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $53.16.

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.