DekaBank Deutsche Girozentrale Has $52.12 Million Stock Holdings in Newmont Co. (NYSE:NEM)

DekaBank Deutsche Girozentrale raised its stake in Newmont Co. (NYSE:NEM) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 985,815 shares of the basic materials company’s stock after purchasing an additional 77,806 shares during the period. DekaBank Deutsche Girozentrale owned 0.09% of Newmont worth $52,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Newmont by 0.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 142,583 shares of the basic materials company’s stock worth $7,621,000 after acquiring an additional 861 shares in the last quarter. Forsta AP Fonden lifted its stake in Newmont by 5.3% during the 3rd quarter. Forsta AP Fonden now owns 236,400 shares of the basic materials company’s stock valued at $12,636,000 after acquiring an additional 11,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Newmont by 20.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,978 shares of the basic materials company’s stock valued at $5,119,000 after purchasing an additional 16,399 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of Newmont in the 3rd quarter worth approximately $4,921,000. Finally, Cromwell Holdings LLC purchased a new position in Newmont in the third quarter worth $204,000. Institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $157,410.00. Following the transaction, the executive vice president now directly owns 94,596 shares in the company, valued at $4,963,452.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $49.51, for a total transaction of $990,200.00. Following the completion of the transaction, the chief executive officer now owns 311,469 shares in the company, valued at $15,420,830.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $157,410.00. Following the completion of the sale, the executive vice president now owns 94,596 shares in the company, valued at approximately $4,963,452.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,000 shares of company stock worth $3,434,640. Company insiders own 0.06% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $48.42 on Monday. The company has a market capitalization of $55.56 billion, a P/E ratio of -22.84, a P/E/G ratio of 0.49 and a beta of 0.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.85 and a current ratio of 2.11. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The company has a fifty day moving average of $53.39 and a 200-day moving average of $46.93.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. Newmont’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that Newmont Co. will post 3.07 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, November 27th. Newmont’s dividend payout ratio is presently -47.17%.

Analyst Ratings Changes

A number of research firms have weighed in on NEM. Jefferies Financial Group boosted their target price on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada dropped their price target on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Thursday. Scotiabank downgraded Newmont from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $59.00 to $55.00 in a research report on Friday. UBS Group lifted their price target on Newmont from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Veritas raised Newmont to a “strong-buy” rating in a report on Monday, September 30th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.85.

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.