XTX Topco Ltd Has $1.05 Million Stock Holdings in Newmont Co. (NYSE:NEM)

XTX Topco Ltd lowered its position in Newmont Co. (NYSE:NEM) by 41.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Belpointe Asset Management LLC raised its stake in shares of Newmont by 18.9% during the fourth quarter. Belpointe Asset Management LLC now owns 9,749 shares of the basic materials company’s stock valued at $363,000 after acquiring an additional 1,548 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Newmont in the fourth quarter valued at $417,000. Mariner LLC raised its position in Newmont by 2.3% during the 4th quarter. Mariner LLC now owns 650,538 shares of the basic materials company’s stock worth $24,213,000 after purchasing an additional 14,830 shares during the last quarter. RE Dickinson Investment Advisors LLC lifted its holdings in Newmont by 741.9% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 3,056 shares of the basic materials company’s stock worth $114,000 after buying an additional 2,693 shares during the period. Finally, Kopernik Global Investors LLC bought a new stake in shares of Newmont in the 4th quarter valued at about $28,107,000. Institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 0.4 %

Shares of Newmont stock opened at $54.55 on Wednesday. The stock has a market capitalization of $61.49 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont Co. has a 52 week low of $36.60 and a 52 week high of $58.72. The stock has a 50 day moving average price of $46.56 and a two-hundred day moving average price of $45.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. As a group, equities analysts anticipate that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. Newmont’s dividend payout ratio is presently 34.13%.

Insider Activity at Newmont

In other news, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the completion of the sale, the chief operating officer now directly owns 136,967 shares of the company’s stock, valued at $5,874,514.63. This represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. The trade was a 3.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,154 shares of company stock valued at $825,678. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on NEM. Royal Bank of Canada lifted their price objective on Newmont from $51.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Friday, April 4th. The Goldman Sachs Group assumed coverage on shares of Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. UBS Group upgraded shares of Newmont from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. TD Securities cut their price target on shares of Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. Finally, Raymond James increased their price target on Newmont from $54.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.55.

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.