Dana Investment Advisors Inc. Has $513,000 Stake in Newmont Co. (NYSE:NEM)

Dana Investment Advisors Inc. trimmed its position in shares of Newmont Co. (NYSE:NEM) by 48.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,775 shares of the basic materials company’s stock after selling 13,143 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Newmont were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Newmont by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company’s stock valued at $1,851,606,000 after buying an additional 797,445 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Newmont by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock valued at $1,253,457,000 after buying an additional 326,243 shares during the last quarter. FMR LLC lifted its holdings in Newmont by 21.1% in the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock worth $376,953,000 after purchasing an additional 1,226,697 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Newmont by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,850,404 shares of the basic materials company’s stock worth $254,972,000 after purchasing an additional 92,354 shares during the last quarter. Finally, Ninety One UK Ltd lifted its holdings in Newmont by 27.5% in the 4th quarter. Ninety One UK Ltd now owns 3,456,456 shares of the basic materials company’s stock worth $128,649,000 after purchasing an additional 744,718 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the 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 directly owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares of the company’s stock, valued at $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,231 shares of company stock valued at $1,388,758 over the last ninety days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NEM. StockNews.com upgraded Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. CLSA began coverage on Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. Bernstein Bank boosted their target price on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. The Goldman Sachs Group began coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. Finally, Royal Bank of Canada boosted their target price on Newmont from $47.00 to $52.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.16.

Newmont Stock Down 0.1 %

Shares of NEM stock opened at $43.88 on Monday. The stock has a market cap of $49.44 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a one year low of $33.29 and a one year high of $58.72. The stock has a fifty day moving average price of $42.53 and a 200 day moving average price of $45.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.11 by $0.29. The firm had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. Analysts predict that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The company 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. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 annualized dividend and a yield of 2.28%. Newmont’s dividend payout ratio (DPR) is currently 34.13%.

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.