Newmont Co. (NYSE:NEM) Holdings Boosted by Terril Brothers Inc.

Terril Brothers Inc. raised its stake in shares of Newmont Co. (NYSE:NEM) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 439,268 shares of the basic materials company’s stock after acquiring an additional 72,383 shares during the quarter. Newmont makes up 6.4% of Terril Brothers Inc.’s investment portfolio, making the stock its 5th largest position. Terril Brothers Inc.’s holdings in Newmont were worth $18,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEM. State of Alaska Department of Revenue lifted its stake in shares of Newmont by 27.5% in the fourth quarter. State of Alaska Department of Revenue now owns 170,138 shares of the basic materials company’s stock worth $7,041,000 after buying an additional 36,645 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Newmont by 22.3% in the third quarter. Janney Montgomery Scott LLC now owns 145,639 shares of the basic materials company’s stock worth $5,382,000 after buying an additional 26,599 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Newmont by 13.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 795,517 shares of the basic materials company’s stock worth $32,926,000 after buying an additional 94,692 shares in the last quarter. KLCM Advisors Inc. lifted its stake in shares of Newmont by 4.3% in the fourth quarter. KLCM Advisors Inc. now owns 427,826 shares of the basic materials company’s stock worth $17,708,000 after buying an additional 17,791 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Newmont by 70.5% in the fourth quarter. Pacer Advisors Inc. now owns 85,401 shares of the basic materials company’s stock worth $3,535,000 after buying an additional 35,303 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Trading Down 1.6 %

Shares of NEM traded down $0.68 during trading on Friday, reaching $42.73. 14,689,213 shares of the company traded hands, compared to its average volume of 14,308,821. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $50.18. The stock has a market cap of $49.26 billion, a PE ratio of -16.00, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50. The stock has a 50-day simple moving average of $35.54 and a 200-day simple moving average of $36.94. The company has a quick ratio of 0.98, a current ratio of 2.15 and a debt-to-equity ratio of 0.32.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The business’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. On average, analysts anticipate that Newmont Co. will post 2.16 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, June 4th. Newmont’s dividend payout ratio (DPR) is currently -37.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NEM shares. National Bank Financial reissued an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th. Citigroup reduced their target price on shares of Newmont from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a research note on Friday. Argus downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Jefferies Financial Group assumed coverage on shares of Newmont in a research note on Thursday, February 29th. They set a “buy” rating and a $38.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.75.

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.