Quadrant Capital Group LLC Has $452,000 Stock Holdings in Newmont Co. (NYSE:NEM)

Quadrant Capital Group LLC raised its stake in Newmont Co. (NYSE:NEMFree Report) by 139.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,913 shares of the basic materials company’s stock after purchasing an additional 6,353 shares during the period. Quadrant Capital Group LLC’s holdings in Newmont were worth $452,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legacy Capital Group California Inc. bought a new position in Newmont in the 4th quarter valued at about $212,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Newmont by 91.3% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 56,367 shares of the basic materials company’s stock worth $2,333,000 after purchasing an additional 26,902 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Newmont by 59.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 232,722 shares of the basic materials company’s stock worth $9,632,000 after purchasing an additional 87,083 shares during the last quarter. Lmcg Investments LLC lifted its holdings in Newmont by 11.1% during the 4th quarter. Lmcg Investments LLC now owns 304,009 shares of the basic materials company’s stock worth $12,583,000 after purchasing an additional 30,308 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Newmont by 47.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,155,343 shares of the basic materials company’s stock valued at $46,214,000 after purchasing an additional 370,958 shares during the period. 68.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEM has been the subject of a number of research reports. Sanford C. Bernstein dropped their target price on Newmont from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Thursday. StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a report on Friday, April 26th. National Bank Financial cut shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada cut their price target on Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Thursday, February 8th. Finally, BMO Capital Markets reduced their price target on Newmont from $56.00 to $54.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.11.

Get Our Latest Research Report on Newmont

Newmont Stock Performance

Newmont stock opened at $43.74 on Friday. 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 12-month low of $29.42 and a 12-month high of $45.92. The business’s 50-day moving average price is $38.46 and its two-hundred day moving average price is $37.28.

Newmont (NYSE:NEMGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.20. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.66 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The firm’s revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. On average, sell-side analysts predict that Newmont Co. will post 2.37 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Newmont’s payout ratio is -37.45%.

Newmont Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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