Newmont Co. (NYSE:NEM) Stock Holdings Boosted by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in Newmont Co. (NYSE:NEM) by 487.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 382,250 shares of the basic materials company’s stock after buying an additional 317,131 shares during the period. Newmont makes up 0.5% of Quantbot Technologies LP’s holdings, making the stock its 16th largest position. Quantbot Technologies LP’s holdings in Newmont were worth $14,227,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC grew its position in Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after buying an additional 326 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Newmont in the 3rd quarter worth $28,000. McIlrath & Eck LLC lifted its holdings in shares of Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 350 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in Newmont in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

NEM stock opened at $45.63 on Friday. The company has a market capitalization of $51.42 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.41 and a beta of 0.54. The firm has a 50 day moving average of $43.03 and a two-hundred day moving average of $45.85. 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 12 month low of $33.29 and a 12 month high of $58.72.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. As a group, equities analysts anticipate that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont’s dividend payout ratio is currently 34.13%.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. Royal Bank of Canada raised their price objective on shares of Newmont from $47.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. CLSA initiated coverage on shares of Newmont in a research note on Friday, November 29th. They set an “underperform” rating on the stock. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $53.16.

Insider Transactions at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the transaction, the director now owns 47,916 shares in the company, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now owns 82,596 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 33,231 shares of company stock worth $1,388,758. Company insiders own 0.06% of the company’s stock.

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.