Crossmark Global Holdings Inc. Buys 512 Shares of Newmont Co. (NYSE:NEM)

Crossmark Global Holdings Inc. raised its stake in shares of Newmont Co. (NYSE:NEMFree Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,797 shares of the basic materials company’s stock after acquiring an additional 512 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Newmont were worth $2,103,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Life Planning Partners Inc acquired a new stake in Newmont during the 4th quarter valued at $26,000. Manchester Capital Management LLC increased its stake in shares of Newmont by 171.9% in the fourth quarter. Manchester Capital Management LLC now owns 628 shares of the basic materials company’s stock valued at $26,000 after buying an additional 397 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Newmont in the fourth quarter valued at about $34,000. Advantage Trust Co acquired a new position in Newmont during the 4th quarter worth about $41,000. Finally, Operose Advisors LLC grew its holdings in Newmont by 156.8% during the 3rd quarter. Operose Advisors LLC now owns 1,040 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 635 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Newmont in a research report on Thursday, February 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Scotiabank boosted their price objective on Newmont from $46.50 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Argus lowered shares of Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Sanford C. Bernstein dropped their price target on shares of Newmont from $46.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday, May 16th. Finally, StockNews.com raised shares of Newmont from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Newmont has a consensus rating of “Hold” and a consensus price target of $48.36.

Read Our Latest Research Report on NEM

Newmont Stock Performance

NEM opened at $40.36 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.15 and a quick ratio of 1.90. The company has a market capitalization of $46.54 billion, a price-to-earnings ratio of -15.12, a P/E/G ratio of 0.35 and a beta of 0.52. The business’s 50-day moving average price is $40.73 and its two-hundred day moving average price is $37.87. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $45.92.

Newmont (NYSE:NEMGet Free Report) last released its earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.20. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. Equities analysts expect that Newmont Co. will post 2.41 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.48%. Newmont’s dividend payout ratio is presently -37.45%.

Newmont Company 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.

Further Reading

Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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