Schulhoff & Co. Inc. Has $367,000 Position in Newmont Co. (NYSE:NEM)

Schulhoff & Co. Inc. trimmed its position in Newmont Co. (NYSE:NEM) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,850 shares of the basic materials company’s stock after selling 2,000 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Newmont were worth $367,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Newmont in the 4th quarter valued at $3,956,000. Mn Services Vermogensbeheer B.V. boosted its position in Newmont by 3.4% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 459,380 shares of the basic materials company’s stock valued at $17,098,000 after buying an additional 15,200 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in Newmont during the fourth quarter worth about $579,000. Apriem Advisors bought a new stake in Newmont during the fourth quarter worth about $411,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Newmont during the fourth quarter worth approximately $79,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the company’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 completion of the sale, the director now owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,154 shares of company stock valued at $1,166,843 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Newmont Trading Down 3.5 %

Shares of NEM opened at $42.06 on Friday. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $58.72. The stock has a market cap of $47.39 billion, a PE ratio of 14.35, a P/E/G ratio of 0.41 and a beta of 0.52. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $41.92 and its 200-day moving average price is $46.34.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. On average, equities analysts forecast 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.38%. Newmont’s dividend payout ratio is currently 34.13%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NEM shares. Scotiabank cut their price objective on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group initiated coverage on Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 price target for the company. Royal Bank of Canada lifted their price objective on shares of Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Finally, CLSA initiated coverage on shares of Newmont in a report on Friday, November 29th. They set an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Newmont has an average rating of “Moderate Buy” and an average target price 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.