Newmont Co. (NYSE:NEM) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its holdings in shares of Newmont Co. (NYSE:NEM) by 25.0% in the third quarter, Holdings Channel.com reports. The firm owned 16,268 shares of the basic materials company’s stock after buying an additional 3,256 shares during the period. Meeder Advisory Services Inc.’s holdings in Newmont were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NEM. Blair William & Co. IL increased its position in shares of Newmont by 4.4% in the 1st quarter. Blair William & Co. IL now owns 31,636 shares of the basic materials company’s stock worth $1,134,000 after purchasing an additional 1,339 shares during the last quarter. Osaic Holdings Inc. raised its stake in Newmont by 86.6% during the first quarter. Osaic Holdings Inc. now owns 275,145 shares of the basic materials company’s stock valued at $9,864,000 after buying an additional 127,684 shares in the last quarter. Edgestream Partners L.P. bought a new position in Newmont during the 1st quarter worth approximately $1,427,000. O Shaughnessy Asset Management LLC grew its position in shares of Newmont by 28.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,489 shares of the basic materials company’s stock worth $1,344,000 after acquiring an additional 8,224 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Newmont by 4.9% in the 1st quarter. Clearbridge Investments LLC now owns 33,494 shares of the basic materials company’s stock valued at $1,200,000 after acquiring an additional 1,575 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $161,430.00. Following the sale, the executive vice president now owns 91,596 shares in the company, valued at approximately $4,928,780.76. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the completion of the transaction, the chief executive officer now owns 271,469 shares of the company’s stock, valued at approximately $14,607,746.89. The trade was a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $2,444,440 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Newmont Price Performance

Shares of NYSE:NEM opened at $43.16 on Wednesday. The stock has a market cap of $49.14 billion, a price-to-earnings ratio of -28.39, a PEG ratio of 0.34 and a beta of 0.51. 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 Co. has a 12 month low of $29.42 and a 12 month high of $58.72. The stock’s 50 day moving average price is $50.78 and its 200 day moving average price is $47.47.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The firm’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. Equities research analysts anticipate that Newmont Co. will post 3.15 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. Newmont’s dividend payout ratio is currently -65.79%.

Wall Street Analyst Weigh In

NEM has been the subject of a number of research reports. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a 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 research note on Thursday, July 25th. Scotiabank downgraded Newmont from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $59.00 to $55.00 in a research note on Friday, October 25th. Finally, Raymond James increased their price target on Newmont from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.14.

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.