Fox Run Management L.L.C. Purchases New Holdings in Newmont Co. (NYSE:NEM)

Fox Run Management L.L.C. acquired a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,920 shares of the basic materials company's stock, valued at approximately $630,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEM. Avior Wealth Management LLC grew its position in Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after buying an additional 326 shares during the period. McIlrath & Eck LLC boosted its stake in shares of Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after purchasing an additional 350 shares in the last quarter. Promus Capital LLC bought a new position in Newmont in the 4th quarter worth $38,000. Finally, Kestra Investment Management LLC purchased a new position in Newmont during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company'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 owns 82,596 shares in the company, valued at approximately $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 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 $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. This trade represents a 5.81 % decrease in their ownership of the stock. 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. 0.06% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEM. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday. Scotiabank dropped their target price on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. TD Securities reduced their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada increased their price objective on shares of Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. Finally, CLSA started coverage on Newmont in a research report on Friday, November 29th. They set an "underperform" rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.16.

Newmont Stock Performance

Newmont stock traded up $0.66 during mid-day trading on Tuesday, reaching $47.48. 8,066,871 shares of the company traded hands, compared to its average volume of 9,379,295. Newmont Co. has a fifty-two week low of $34.00 and a fifty-two week high of $58.72. The firm's fifty day moving average is $44.25 and its two-hundred day moving average is $45.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The company has a market capitalization of $53.52 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating 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 business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. On average, equities research analysts expect that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is 34.13%.

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.