Newmont Co. (NYSE:NEM) Shares Sold by Sapient Capital LLC

Sapient Capital LLC decreased its holdings in shares of Newmont Co. (NYSE:NEM) by 92.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,433 shares of the basic materials company’s stock after selling 199,226 shares during the quarter. Sapient Capital LLC’s holdings in Newmont were worth $553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Grey Street Capital LLC lifted its stake in Newmont by 0.4% in the 4th quarter. Grey Street Capital LLC now owns 69,874 shares of the basic materials company’s stock valued at $2,892,000 after buying an additional 289 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Newmont by 1.7% in the 1st quarter. Moody National Bank Trust Division now owns 18,044 shares of the basic materials company’s stock valued at $647,000 after acquiring an additional 296 shares during the last quarter. Reitz Capital Advisors LLC raised its holdings in Newmont by 1.1% in the 4th quarter. Reitz Capital Advisors LLC now owns 28,174 shares of the basic materials company’s stock valued at $1,166,000 after acquiring an additional 298 shares during the last quarter. Antonetti Capital Management LLC raised its holdings in Newmont by 30.0% in the 3rd quarter. Antonetti Capital Management LLC now owns 1,300 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 300 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in Newmont by 4.6% in the 3rd quarter. Sigma Planning Corp now owns 7,052 shares of the basic materials company’s stock valued at $261,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

NYSE NEM traded down $1.62 on Tuesday, reaching $40.64. The company’s stock had a trading volume of 13,326,969 shares, compared to its average volume of 13,788,740. 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 $46.85 billion, a PE ratio of -15.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50. Newmont Co. has a 52 week low of $29.42 and a 52 week high of $50.18. The business has a 50-day moving average price of $35.86 and a 200 day moving average price of $36.96.

Newmont (NYSE:NEM) last released its quarterly 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 negative net margin of 20.19% and a positive return on equity of 6.88%. 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 firm earned $0.40 earnings per share. Newmont’s revenue was up 50.2% compared to the same quarter last year. Sell-side analysts expect that Newmont Co. will post 2.16 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.00 annualized dividend and a yield of 2.46%. Newmont’s dividend payout ratio (DPR) is presently -37.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com upgraded Newmont from a “sell” rating to a “hold” rating in a report on Friday. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a research report on Monday, April 8th. BMO Capital Markets reduced their price target on shares of Newmont from $57.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Scotiabank reduced their price target on shares of Newmont from $50.00 to $43.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 28th. Finally, Jefferies Financial Group initiated coverage on shares of Newmont in a research report on Thursday, February 29th. They set a “buy” rating and a $38.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

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.