Newmont Co. (NYSE:NEM) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Newmont Co. (NYSE:NEM) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 554,054 shares of the basic materials company’s stock after acquiring an additional 15,574 shares during the period. Asset Management One Co. Ltd.’s holdings in Newmont were worth $20,965,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Newmont during the 3rd quarter worth approximately $301,000. Creative Planning boosted its holdings in shares of Newmont by 23.4% in the third quarter. Creative Planning now owns 129,379 shares of the basic materials company’s stock valued at $6,915,000 after acquiring an additional 24,536 shares during the period. NBC Securities Inc. grew its position in shares of Newmont by 13.9% during the third quarter. NBC Securities Inc. now owns 4,466 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 544 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Newmont in the 3rd quarter valued at $200,000. Finally, Good Life Advisors LLC raised its position in Newmont by 4.6% in the 3rd quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, Director Harry M. Iv Conger purchased 9,498 shares of the stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at $611,090.70. This trade represents a 189.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the transaction, the executive vice president now owns 82,596 shares of the company’s stock, valued at $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,154 shares of company stock worth $1,166,843 in the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the topic of several research reports. CLSA initiated coverage on shares of Newmont in a research report on Friday, November 29th. They set an “underperform” rating on the stock. Raymond James lowered their price target on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. Scotiabank lowered their target price 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. Finally, CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Newmont has an average rating of “Moderate Buy” and an average target price of $53.37.

Newmont Trading Down 2.4 %

Shares of NEM opened at $46.61 on Friday. The firm’s 50-day moving average is $41.01 and its two-hundred day moving average is $46.50. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $53.06 billion, a P/E ratio of -30.66, a PEG ratio of 0.38 and a beta of 0.52.

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.