Newmont Co. (NYSE:NEM) Shares Acquired by National Pension Service

National Pension Service increased its stake in shares of Newmont Co. (NYSE:NEM) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,598,069 shares of the basic materials company’s stock after buying an additional 41,498 shares during the quarter. National Pension Service owned about 0.20% of Newmont worth $66,144,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Life Planning Partners Inc acquired a new stake in shares of Newmont in the 4th quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new position in Newmont in the 3rd quarter worth about $26,000. CVA Family Office LLC acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $34,000. OFI Invest Asset Management acquired a new position in shares of Newmont during the third quarter worth approximately $30,000. Finally, Operose Advisors LLC boosted its position in shares of Newmont by 156.8% during the third quarter. Operose Advisors LLC now owns 1,040 shares of the basic materials company’s stock worth $38,000 after buying an additional 635 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Newmont Trading Up 2.8 %

Shares of Newmont stock traded up $1.16 on Thursday, reaching $42.70. 5,740,201 shares of the company were exchanged, compared to its average volume of 13,340,534. The company has a current ratio of 2.15, a quick ratio of 1.90 and a debt-to-equity ratio of 0.32. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $48.41. The firm has a market capitalization of $49.24 billion, a price-to-earnings ratio of -15.69, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48. The stock has a fifty day moving average price of $36.85 and a 200-day moving average price of $37.01.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.20. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. On average, analysts expect that Newmont Co. will post 2.32 EPS for the current year.

Newmont Announces Dividend

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

Analyst Ratings Changes

NEM has been the topic of several recent analyst reports. Argus downgraded Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. National Bank Financial cut shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, April 30th. TD Securities raised their target price on shares of Newmont from $43.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, April 26th. StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Scotiabank lowered their price objective on shares of Newmont from $50.00 to $43.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.35.

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.