Newmont Co. (NYSE:NEM) Stock Holdings Boosted by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. increased its position in Newmont Co. (NYSE:NEM) by 219.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,096 shares of the basic materials company’s stock after buying an additional 91,462 shares during the quarter. Newmont comprises approximately 1.6% of Financial Sense Advisors Inc.’s holdings, making the stock its 16th largest position. Financial Sense Advisors Inc.’s holdings in Newmont were worth $4,770,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its position in shares of Newmont by 6.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 18,708 shares of the basic materials company’s stock valued at $691,000 after acquiring an additional 1,208 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of Newmont in the 3rd quarter valued at $347,000. Gotham Asset Management LLC raised its holdings in Newmont by 46.2% during the 3rd quarter. Gotham Asset Management LLC now owns 68,115 shares of the basic materials company’s stock worth $2,517,000 after buying an additional 21,536 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Newmont during the third quarter valued at about $576,000. Finally, AXQ Capital LP acquired a new position in shares of Newmont in the third quarter worth about $336,000. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In related news, CEO Thomas Ronald Palmer sold 13,000 shares of Newmont stock in a transaction on Monday, July 1st. The shares were sold at an average price of $42.13, for a total value of $547,690.00. Following the transaction, the chief executive officer now owns 331,469 shares in the company, valued at approximately $13,964,788.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Newmont from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. BNP Paribas raised Newmont to a “strong-buy” rating in a research report on Friday, June 21st. TD Securities increased their price objective on Newmont from $43.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. National Bank Financial cut Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, April 30th. Finally, UBS Group raised shares of Newmont from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $50.00 in a research report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average target price of $49.13.

Newmont Stock Up 4.1 %

NEM stock opened at $43.42 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.90 and a debt-to-equity ratio of 0.32. The firm has a market cap of $50.07 billion, a PE ratio of -16.26, a PEG ratio of 0.35 and a beta of 0.47. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $45.92. The company has a fifty day simple moving average of $41.83 and a 200 day simple moving average of $38.11.

Newmont (NYSE:NEM) last released its quarterly earnings results 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The firm’s revenue was up 50.2% on a year-over-year basis. Sell-side analysts anticipate that Newmont Co. will post 2.48 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, June 4th. Newmont’s payout ratio is -37.45%.

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.