Newmont Co. (NYSE:NEM) Shares Bought by Oxford Asset Management LLP

Oxford Asset Management LLP lifted its stake in Newmont Co. (NYSE:NEM - Free Report) by 771.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,022 shares of the basic materials company's stock after buying an additional 38,086 shares during the quarter. Newmont makes up about 0.8% of Oxford Asset Management LLP's investment portfolio, making the stock its 13th largest position. Oxford Asset Management LLP's holdings in Newmont were worth $1,601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. McIlrath & Eck LLC boosted its holdings in shares of Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after purchasing an additional 361 shares during the period. HHM Wealth Advisors LLC boosted its stake in Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after buying an additional 350 shares during the period. Redwood Park Advisors LLC bought a new position in Newmont during the fourth quarter valued at $37,000. Promus Capital LLC purchased a new position in shares of Newmont during the 4th quarter worth about $38,000. Finally, Kestra Investment Management LLC bought a new position in Newmont during the 4th quarter valued at about $43,000. Institutional investors own 68.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. The Goldman Sachs Group started coverage on shares of Newmont in a research note on Monday, January 13th. They set a "buy" rating and a $47.20 target price for the company. Royal Bank of Canada raised their price target on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a research note on Friday, April 4th. UBS Group raised shares of Newmont from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $50.00 to $60.00 in a research report on Friday, April 11th. Finally, Raymond James restated an "outperform" rating and set a $66.00 price target on shares of Newmont in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.63.

Newmont Stock Performance

NYSE NEM traded down $0.33 on Wednesday, reaching $52.63. 4,371,628 shares of the company's stock traded hands, compared to its average volume of 11,858,466. Newmont Co. has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The firm has a market cap of $59.33 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The stock has a 50 day moving average price of $48.12 and a 200-day moving average price of $45.12.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities research analysts predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's payout ratio is 22.42%.

Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the completion of the transaction, the director now directly owns 47,916 shares in the company, valued at approximately $2,094,408.36. This trade represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 in the company, valued at $5,874,514.63. This represents a 6.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock valued at $825,678 in the last three months. 0.05% of the stock is owned by corporate insiders.

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.