XTX Topco Ltd Sells 20,019 Shares of Newmont Co. (NYSE:NEM)

XTX Topco Ltd reduced its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,297 shares of the basic materials company's stock after selling 20,019 shares during the quarter. XTX Topco Ltd's holdings in Newmont were worth $1,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew 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 valued at $33,000 after buying an additional 350 shares in the last quarter. Redwood Park Advisors LLC acquired a new stake in Newmont in the fourth quarter valued at approximately $37,000. Promus Capital LLC acquired a new stake in Newmont in the fourth quarter valued at approximately $38,000. McIlrath & Eck LLC grew its position in Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Newmont during the 4th quarter worth $43,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NEM shares. Royal Bank of Canada upped 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, April 4th. National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. Raymond James increased their price objective on Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, April 4th. UBS Group upgraded Newmont from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $50.00 to $60.00 in a report on Friday, April 11th. Finally, The Goldman Sachs Group initiated coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.02.

Insider Buying and Selling

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the transaction, the chief operating officer now owns 136,967 shares in the company, valued at $5,874,514.63. This trade represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now directly owns 49,993 shares in the company, valued at $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock valued at $825,678 over the last ninety days. 0.05% of the stock is owned by company insiders.

Newmont Stock Performance

NYSE NEM traded down $0.87 during midday trading on Friday, hitting $55.08. The company had a trading volume of 14,364,376 shares, compared to its average volume of 9,880,865. The firm has a fifty day simple moving average of $47.14 and a two-hundred day simple moving average of $45.14. Newmont Co. has a fifty-two week low of $36.60 and a fifty-two week 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 $62.08 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 0.41 and a beta of 0.54.

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 for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. Equities analysts forecast that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were paid a $0.25 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. Newmont's payout ratio is 34.13%.

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.