Newmont Co. (NYSE:NEM) Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of Newmont Co. (NYSE:NEM) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,821 shares of the basic materials company’s stock after purchasing an additional 1,481 shares during the quarter. Lido Advisors LLC’s holdings in Newmont were worth $366,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Newmont in the 4th quarter valued at about $37,000. Promus Capital LLC acquired a new position in Newmont in the 4th quarter worth about $38,000. Kestra Investment Management LLC acquired a new position in Newmont in the 4th quarter worth about $43,000. Finally, Assetmark Inc. grew its holdings in Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 820 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.48, for a total value of $106,923.96. Following the completion of the transaction, the director now owns 47,257 shares in the company, valued at $2,432,790.36. The trade was a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 approximately $3,782,051.46. The trade was a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,154 shares of company stock valued at $328,840 in the last three months. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NEM shares. National Bank Financial raised Newmont to a “hold” rating in a research note on Friday, March 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Newmont in a research report on Thursday, April 24th. Scotiabank restated a “sector perform” rating on shares of Newmont in a research report on Monday, April 14th. Argus set a $63.00 price objective on Newmont in a research note on Friday, April 25th. Finally, Royal Bank of Canada increased their target price on Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.63.

Newmont Trading Up 2.9 %

Shares of NEM stock opened at $53.04 on Tuesday. Newmont Co. has a 1-year low of $36.86 and a 1-year high of $58.72. The firm has a market cap of $59.03 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.41 and a beta of 0.30. The company has a 50-day moving average of $48.78 and a two-hundred day moving average of $44.93. 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 posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the company posted $0.55 EPS. On average, analysts predict that Newmont Co. will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is 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.