Hickory Point Bank & Trust Makes New Investment in Newmont Co. (NYSE:NEM)

Hickory Point Bank & Trust purchased a new stake in shares of Newmont Co. (NYSE:NEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,050 shares of the basic materials company’s stock, valued at approximately $821,000. Newmont comprises about 0.7% of Hickory Point Bank & Trust’s holdings, making the stock its 26th biggest position.

Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. lifted its position in Newmont by 75.2% during the fourth quarter. Duncker Streett & Co. Inc. now owns 9,256 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 3,972 shares during the last quarter. Heritage Wealth Management Inc. increased its position in shares of Newmont by 10.4% during the fourth quarter. Heritage Wealth Management Inc. now owns 6,395 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 600 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Newmont by 7.6% during the 4th quarter. Metis Global Partners LLC now owns 120,426 shares of the basic materials company’s stock valued at $4,482,000 after purchasing an additional 8,553 shares during the last quarter. Providence First Trust Co acquired a new stake in shares of Newmont in the 4th quarter worth $70,000. Finally, SVB Wealth LLC acquired a new stake in shares of Newmont in the 4th quarter worth $417,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Up 1.7 %

Newmont stock opened at $42.83 on Friday. Newmont Co. has a 52 week low of $31.67 and a 52 week high of $58.72. The firm has a market cap of $48.26 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.41 and a beta of 0.52. The business’s 50-day moving average price is $42.01 and its 200 day moving average price is $46.28. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.32 billion. As a group, sell-side analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. Newmont’s dividend payout ratio (DPR) is currently 34.13%.

Analyst Ratings Changes

Several research analysts recently issued reports on NEM shares. Raymond James reduced their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Royal Bank of Canada increased their price objective on shares of Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. CLSA started coverage on shares of Newmont in a research note on Friday, November 29th. They issued an “underperform” rating for the company. TD Securities cut their price target on shares of Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They set a “buy” rating and a $47.20 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.16.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the transaction, the director now owns 49,993 shares of the company’s stock, valued at approximately $2,144,199.77. This represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 28,154 shares of company stock valued at $1,166,843 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Newmont 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.