ExodusPoint Capital Management LP Has $7.70 Million Stake in Newmont Co. (NYSE:NEM)

ExodusPoint Capital Management LP lessened its holdings in shares of Newmont Co. (NYSE:NEM - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 206,943 shares of the basic materials company's stock after selling 343,528 shares during the quarter. ExodusPoint Capital Management LP's holdings in Newmont were worth $7,702,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Hilltop Holdings Inc. purchased a new stake in shares of Newmont during the third quarter valued at approximately $407,000. Royal London Asset Management Ltd. lifted its stake in shares of Newmont by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 475,146 shares of the basic materials company's stock worth $25,397,000 after acquiring an additional 12,705 shares in the last quarter. Quarry LP acquired a new stake in Newmont during the 3rd quarter valued at approximately $161,000. Quantinno Capital Management LP raised its position in shares of Newmont by 9.4% in the 3rd quarter. Quantinno Capital Management LP now owns 126,725 shares of the basic materials company's stock valued at $6,773,000 after purchasing an additional 10,888 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Newmont during the third quarter worth approximately $359,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Analyst Ratings Changes

NEM has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday. Raymond James upped their price objective on Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday. Scotiabank decreased their target price on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group assumed coverage on Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.09.

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Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $83,080.00. Following the sale, the director now owns 52,070 shares in the company, valued at $2,082,800. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,231 shares of company stock worth $1,388,758. Corporate insiders own 0.05% of the company's stock.

Newmont Price Performance

NEM traded down $4.08 on Friday, reaching $44.25. The company had a trading volume of 21,146,797 shares, compared to its average volume of 9,653,406. Newmont Co. has a one year low of $36.60 and a one year high of $58.72. The company has a market capitalization of $49.88 billion, a P/E ratio of 15.10, a PEG ratio of 0.41 and a beta of 0.54. The company has a fifty day moving average of $45.34 and a 200-day moving average of $45.33. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. As a group, equities research analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

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.