Savant Capital LLC Purchases 612 Shares of Newmont Co. (NYSE:NEM)

Savant Capital LLC increased its position in shares of Newmont Co. (NYSE:NEM) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,028 shares of the basic materials company’s stock after purchasing an additional 612 shares during the quarter. Savant Capital LLC’s holdings in Newmont were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEM. Van ECK Associates Corp lifted its position in Newmont by 57.2% during the fourth quarter. Van ECK Associates Corp now owns 51,290,469 shares of the basic materials company’s stock worth $2,122,913,000 after purchasing an additional 18,664,614 shares during the period. Vanguard Group Inc. lifted its position in Newmont by 17.6% during the third quarter. Vanguard Group Inc. now owns 82,578,928 shares of the basic materials company’s stock worth $3,051,291,000 after purchasing an additional 12,360,775 shares during the period. Ameriprise Financial Inc. lifted its position in Newmont by 61.1% during the third quarter. Ameriprise Financial Inc. now owns 5,323,572 shares of the basic materials company’s stock worth $196,706,000 after purchasing an additional 2,019,591 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Newmont by 36.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,272,175 shares of the basic materials company’s stock worth $135,435,000 after purchasing an additional 868,804 shares during the period. Finally, California Public Employees Retirement System raised its stake in Newmont by 14.3% during the fourth quarter. California Public Employees Retirement System now owns 5,362,838 shares of the basic materials company’s stock worth $221,968,000 after acquiring an additional 671,110 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NEM shares. TD Securities boosted their target price on Newmont from $43.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Jefferies Financial Group started coverage on Newmont in a research note on Thursday, February 29th. They set a “buy” rating and a $38.00 target price for the company. Citigroup lowered their target price on Newmont from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Argus downgraded Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, BMO Capital Markets lowered their target price on Newmont from $56.00 to $54.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average target price of $48.35.

Newmont Stock Up 1.8 %

Shares of NEM stock opened at $41.40 on Tuesday. The business’s 50 day simple moving average is $36.62 and its 200 day simple moving average is $36.99. Newmont Co. has a one year low of $29.42 and a one year high of $49.08. 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 (NYSE:NEM) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.55 EPS for the quarter, beating 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 business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue was up 50.2% on a year-over-year basis. As a group, equities analysts anticipate that Newmont Co. will post 2.32 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, June 4th. Newmont’s payout ratio is presently -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.