Fortem Financial Group LLC Has $1.04 Million Stock Holdings in Newmont Co. (NYSE:NEM)

Fortem Financial Group LLC boosted its stake in shares of Newmont Co. (NYSE:NEM) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,967 shares of the basic materials company’s stock after buying an additional 1,891 shares during the period. Fortem Financial Group LLC’s holdings in Newmont were worth $1,041,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bard Financial Services Inc. lifted its position in Newmont by 25.4% in the 4th quarter. Bard Financial Services Inc. now owns 86,180 shares of the basic materials company’s stock valued at $3,208,000 after acquiring an additional 17,480 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Newmont by 173.0% in the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock valued at $92,832,000 after purchasing an additional 1,578,545 shares in the last quarter. Waller Financial Planning Group Inc. acquired a new position in shares of Newmont during the fourth quarter worth about $218,000. Everence Capital Management Inc. grew its holdings in shares of Newmont by 90.0% during the fourth quarter. Everence Capital Management Inc. now owns 30,530 shares of the basic materials company’s stock worth $1,136,000 after buying an additional 14,460 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company’s stock valued at $439,000 after buying an additional 281 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other news, Director Harry M. Iv Conger acquired 9,498 shares of the stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $611,090.70. This represents a 189.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by insiders.

Newmont Stock Performance

NEM stock traded down $0.33 during midday trading on Monday, reaching $37.78. 4,382,824 shares of the company were exchanged, compared to its average volume of 6,238,508. Newmont Co. has a one year low of $29.42 and a one year high of $58.72. The firm has a market capitalization of $43.01 billion, a price-to-earnings ratio of -24.86, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. The business has a 50-day moving average price of $41.55 and a two-hundred day moving average price of $47.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.05). The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts forecast that Newmont Co. will post 3.08 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.65%. Newmont’s dividend payout ratio (DPR) is currently -65.79%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEM. CLSA started coverage on Newmont in a research report on Friday, November 29th. They set an “underperform” rating for the company. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada cut their price target on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 24th. UBS Group cut Newmont from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $67.00 to $54.00 in a report on Wednesday, October 30th. Finally, Raymond James dropped their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.31.

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.