Yousif Capital Management LLC Has $6.95 Million Stock Position in Newmont Co. (NYSE:NEM)

Yousif Capital Management LLC increased its position in shares of Newmont Co. (NYSE:NEM) by 33.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 167,806 shares of the basic materials company’s stock after buying an additional 42,004 shares during the quarter. Yousif Capital Management LLC’s holdings in Newmont were worth $6,945,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Grey Street Capital LLC grew its holdings in shares of Newmont by 0.4% in the fourth quarter. Grey Street Capital LLC now owns 69,874 shares of the basic materials company’s stock valued at $2,892,000 after acquiring an additional 289 shares in the last quarter. Reitz Capital Advisors LLC boosted its holdings in shares of Newmont by 1.1% in the fourth quarter. Reitz Capital Advisors LLC now owns 28,174 shares of the basic materials company’s stock worth $1,166,000 after acquiring an additional 298 shares during the period. Antonetti Capital Management LLC boosted its holdings in shares of Newmont by 30.0% in the third quarter. Antonetti Capital Management LLC now owns 1,300 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 300 shares during the period. Sigma Planning Corp raised its position in shares of Newmont by 4.6% in the third quarter. Sigma Planning Corp now owns 7,052 shares of the basic materials company’s stock worth $261,000 after buying an additional 309 shares in the last quarter. Finally, Hendley & Co. Inc. raised its position in shares of Newmont by 0.6% in the third quarter. Hendley & Co. Inc. now owns 51,974 shares of the basic materials company’s stock worth $1,920,000 after buying an additional 324 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NEM opened at $40.23 on Thursday. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $50.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.98. The firm has a market capitalization of $46.38 billion, a PE ratio of -16.22, a price-to-earnings-growth ratio of 1.05 and a beta of 0.50. The company’s fifty day moving average price is $35.14 and its 200-day moving average price is $36.87.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. Newmont had a negative net margin of 20.95% and a positive return on equity of 6.21%. The company’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities research analysts predict that Newmont Co. will post 1.97 EPS for the current year.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 5th were issued a $0.25 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Newmont’s payout ratio is -42.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEM. Scotiabank dropped their target price on Newmont from $50.00 to $43.50 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. BMO Capital Markets decreased their target price on Newmont from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Royal Bank of Canada decreased their target price on Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Citigroup cut their target price on Newmont from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, April 4th. Finally, TD Securities cut their target price on Newmont from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.89.

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.