Dynamic Technology Lab Private Ltd Boosts Stake in Newmont Co. (NYSE:NEM)

Dynamic Technology Lab Private Ltd increased its stake in Newmont Co. (NYSE:NEM) by 83.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,078 shares of the basic materials company’s stock after acquiring an additional 16,818 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Newmont were worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEM. HHM Wealth Advisors LLC raised its stake in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Promus Capital LLC purchased a new position in Newmont in the 4th quarter worth $38,000. McIlrath & Eck LLC lifted its stake in Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 361 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Newmont during the fourth quarter valued at about $43,000. Finally, Assetmark Inc. grew its stake in shares of Newmont by 185.9% during the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company’s stock valued at $47,000 after buying an additional 820 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In related news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at approximately $5,838,680. The trade was a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,231 shares of company stock valued at $1,388,758. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NEM shares. TD Securities dropped their target price on Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group assumed coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. National Bank Financial upgraded shares of Newmont to a “hold” rating in a report on Friday, March 21st. Raymond James increased their price target on shares of Newmont from $54.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Scotiabank decreased their price objective on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.09.

Newmont Price Performance

NEM opened at $44.25 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company has a market cap of $49.88 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. The stock has a fifty day simple moving average of $45.34 and a two-hundred day simple moving average of $45.28. Newmont Co. has a 12-month low of $36.60 and a 12-month high of $58.72.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. Research analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont’s dividend payout ratio is 34.13%.

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.