Terril Brothers Inc. Has $18.18 Million Position in Newmont Co. (NYSE:NEM)

Terril Brothers Inc. increased its stake in Newmont Co. (NYSE:NEM) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,268 shares of the basic materials company’s stock after buying an additional 72,383 shares during the period. Newmont accounts for 6.4% of Terril Brothers Inc.’s portfolio, making the stock its 5th largest position. Terril Brothers Inc. owned approximately 0.06% of Newmont worth $18,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. TFC Financial Management Inc. boosted its holdings in Newmont by 242.2% in the third quarter. TFC Financial Management Inc. now owns 705 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 499 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Newmont in the third quarter worth approximately $26,000. Life Planning Partners Inc bought a new position in Newmont in the fourth quarter worth approximately $26,000. OFI Invest Asset Management bought a new position in Newmont in the third quarter worth approximately $30,000. Finally, CVA Family Office LLC bought a new position in Newmont in the fourth quarter worth approximately $34,000. 68.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NEM shares. Royal Bank of Canada decreased their price target on shares of Newmont from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 8th. TD Securities increased their price target on shares of Newmont from $43.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com upgraded shares of Newmont from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets decreased 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. Finally, Scotiabank decreased 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Newmont Price Performance

NEM stock traded down $0.68 during mid-day trading on Friday, hitting $42.73. The company had a trading volume of 14,689,213 shares, compared to its average volume of 14,308,821. The company has a 50-day moving average price of $35.54 and a 200 day moving average price of $36.94. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $50.18. The company has a quick ratio of 0.98, a current ratio of 2.15 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $49.26 billion, a price-to-earnings ratio of -16.00, a P/E/G ratio of 1.09 and a beta of 0.50.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. Newmont had a negative net margin of 20.19% and a positive return on equity of 6.88%. The business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. On average, research analysts anticipate that Newmont Co. will post 2.16 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 annualized dividend and a yield of 2.34%. Newmont’s payout ratio is -37.45%.

About Newmont

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.