JFS Wealth Advisors LLC Has $217,000 Stock Holdings in Newmont Co. (NYSE:NEM)

JFS Wealth Advisors LLC increased its position in shares of Newmont Co. (NYSE:NEM) by 716.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,067 shares of the basic materials company’s stock after buying an additional 3,569 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Newmont were worth $217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEM. Norden Group LLC bought a new position in shares of Newmont in the 1st quarter worth $1,431,000. First Trust Direct Indexing L.P. lifted its stake in shares of Newmont by 4.9% in the first quarter. First Trust Direct Indexing L.P. now owns 19,468 shares of the basic materials company’s stock valued at $698,000 after buying an additional 902 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Newmont by 67.9% during the first quarter. HB Wealth Management LLC now owns 8,176 shares of the basic materials company’s stock valued at $293,000 after buying an additional 3,306 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Newmont by 4.4% during the first quarter. J.W. Cole Advisors Inc. now owns 8,134 shares of the basic materials company’s stock worth $292,000 after acquiring an additional 346 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Newmont by 38.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 321,622 shares of the basic materials company’s stock worth $11,527,000 after acquiring an additional 88,900 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 3.2 %

NYSE NEM opened at $45.45 on Friday. The company’s 50 day moving average is $53.04 and its 200-day moving average is $47.05. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. 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 posted its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (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 analysts’ expectations of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Equities research analysts predict that Newmont Co. will post 3.12 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Newmont’s payout ratio is presently -65.79%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $157,410.00. Following the completion of the transaction, the executive vice president now owns 94,596 shares of the company’s stock, valued at approximately $4,963,452.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the completion of the sale, the chief executive officer now owns 271,469 shares in the company, valued at approximately $14,607,746.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total value of $157,410.00. Following the transaction, the executive vice president now directly owns 94,596 shares of the company’s stock, valued at $4,963,452.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,000 shares of company stock worth $2,444,440 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NEM shares. Argus upgraded Newmont from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, August 29th. Jefferies Financial Group upped their price target on Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Veritas upgraded Newmont to a “strong-buy” rating in a research note on Monday, September 30th. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday. Finally, UBS Group downgraded shares of Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $67.00 to $54.00 in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.85.

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.