Moody National Bank Trust Division Grows Position in Newmont Co. (NYSE:NEM)

Moody National Bank Trust Division raised its holdings in shares of Newmont Co. (NYSE:NEM) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,154 shares of the basic materials company’s stock after acquiring an additional 4,075 shares during the period. Moody National Bank Trust Division’s holdings in Newmont were worth $1,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NEM. Van ECK Associates Corp lifted its stake in shares of Newmont by 1.6% in 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 purchasing an additional 797,445 shares during the period. Geode Capital Management LLC grew its holdings in shares of Newmont by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company’s stock worth $919,484,000 after buying an additional 1,213,397 shares in the last quarter. Norges Bank purchased a new stake in shares of Newmont during the fourth quarter worth $626,074,000. Northern Trust Corp grew its holdings in shares of Newmont by 11.5% during the fourth quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company’s stock worth $474,263,000 after buying an additional 1,309,177 shares in the last quarter. Finally, Amundi grew its holdings in shares of Newmont by 14.0% in the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company’s stock valued at $481,400,000 after purchasing an additional 1,507,708 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. TD Securities dropped their price objective on shares of Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Cfra Research raised shares of Newmont to a “strong-buy” rating in a research report on Friday, April 25th. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Newmont in a report on Thursday, April 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $66.00 price target on shares of Newmont in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.52.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.48, for a total value of $106,923.96. Following the sale, the director now owns 47,257 shares of the company’s stock, valued at $2,432,790.36. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,154 shares of company stock worth $328,840. 0.05% of the stock is owned by corporate insiders.

Newmont Trading Up 0.3%

NYSE:NEM opened at $52.67 on Friday. The company has a market capitalization of $58.62 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. 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 52-week low of $36.86 and a 52-week high of $58.72. The stock has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $45.53.

Newmont (NYSE:NEM) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.54. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter in the previous year, the company posted $0.55 EPS. On average, equities research analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, May 27th. Newmont’s dividend payout ratio is presently 22.42%.

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.