B.O.S.S. Retirement Advisors LLC Increases Stock Holdings in Newmont Co. (NYSE:NEM)

B.O.S.S. Retirement Advisors LLC boosted its holdings in Newmont Co. (NYSE:NEM) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,884 shares of the basic materials company’s stock after acquiring an additional 2,126 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Newmont were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LRI Investments LLC purchased a new stake in shares of Newmont during the first quarter worth about $25,000. Strategic Financial Concepts LLC purchased a new stake in Newmont in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Newmont in the 2nd quarter valued at $27,000. Hoese & Co LLP purchased a new position in shares of Newmont during the 3rd quarter worth $27,000. Finally, Heritage Wealth Advisors boosted its holdings in shares of Newmont by 1,310.4% during the first quarter. Heritage Wealth Advisors now owns 945 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 878 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NEM stock opened at $56.27 on Thursday. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $57.32. The company has a market capitalization of $64.89 billion, a PE ratio of -21.07, a price-to-earnings-growth ratio of 0.43 and a beta of 0.50. The company has a current ratio of 2.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $52.51 and a 200-day simple moving average of $46.04.

Newmont (NYSE:NEM) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.10. Newmont had a positive return on equity of 8.35% and a negative net margin of 13.16%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue was up 64.1% on a year-over-year basis. Equities research analysts anticipate that Newmont Co. will post 3.1 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Thursday, September 5th. Newmont’s dividend payout ratio (DPR) is currently -37.45%.

Wall Street Analyst Weigh In

NEM has been the topic of several recent analyst reports. UBS Group increased their target price on Newmont from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their price objective on shares of Newmont from $56.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Bank of America boosted their target price on shares of Newmont from $49.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, BNP Paribas raised shares of Newmont to a “strong-buy” rating in a research note on Friday, June 21st. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.46.

Insider Transactions at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the transaction, the chief executive officer now directly owns 311,469 shares in the company, valued at $15,420,830.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $161,430.00. Following the transaction, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the sale, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at approximately $15,420,830.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,000 shares of company stock valued at $3,434,640. 0.06% of the stock is currently owned by corporate insiders.

Newmont Company 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.