Newmont Co. (NYSE:NEM) Shares Bought by Trexquant Investment LP

Trexquant Investment LP increased its holdings in Newmont Co. (NYSE:NEM - Free Report) by 97.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 442,340 shares of the basic materials company's stock after purchasing an additional 217,841 shares during the quarter. Trexquant Investment LP's holdings in Newmont were worth $16,464,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NEM. Sanctuary Advisors LLC raised its stake in shares of Newmont by 117.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock worth $1,854,000 after buying an additional 18,722 shares during the period. Nordea Investment Management AB raised its position in Newmont by 173.0% during the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock worth $92,832,000 after acquiring an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. raised its position in Newmont by 57.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock worth $88,580,000 after acquiring an additional 865,213 shares during the period. Brookstone Capital Management purchased a new position in Newmont during the fourth quarter valued at $245,000. Finally, Moody National Bank Trust Division grew its position in shares of Newmont by 13.6% in the fourth quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company's stock valued at $822,000 after purchasing an additional 2,645 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

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Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $83,080.00. Following the completion of the sale, the director now directly owns 52,070 shares in the company, valued at $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 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 $120,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 33,231 shares of company stock valued at $1,388,758. 0.05% of the stock is currently owned by insiders.

Newmont Trading Down 0.7 %

NYSE:NEM traded down $0.35 on Thursday, hitting $48.38. The stock had a trading volume of 17,425,238 shares, compared to its average volume of 9,680,573. The company has a fifty day moving average price of $45.30 and a two-hundred day moving average price of $45.39. Newmont Co. has a 1-year low of $36.60 and a 1-year high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The stock has a market cap of $54.53 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.41 and a beta of 0.54.

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

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Tuesday, March 4th. Newmont's dividend payout ratio is presently 34.13%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEM. National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Scotiabank lowered their price target on Newmont from $52.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group assumed coverage on Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price target for the company. Finally, TD Securities decreased their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.16.

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.