Newmont Co. (NYSE:NEM) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Newmont Co. (NYSE:NEM) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 20,657 shares of the basic materials company’s stock after purchasing an additional 1,860 shares during the quarter. Blue Trust Inc.’s holdings in Newmont were worth $769,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after buying an additional 326 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Newmont in the third quarter valued at about $27,000. Prospera Private Wealth LLC acquired a new stake in Newmont during the third quarter worth about $28,000. Highline Wealth Partners LLC purchased a new position in Newmont during the third quarter worth about $32,000. Finally, McIlrath & Eck LLC boosted its holdings in Newmont by 80.6% in the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Trading Up 0.4 %

NEM opened at $41.54 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of -27.33, a PEG ratio of 0.33 and a beta of 0.50. The business has a fifty day moving average price of $40.30 and a 200 day moving average price of $46.72. Newmont Co. has a 12 month low of $29.42 and a 12 month high of $58.72.

Insider Transactions at Newmont

In related news, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the transaction, the chief operating officer now owns 145,967 shares of the company’s stock, valued at $5,838,680. This represents a 5.81 % decrease in their ownership of the stock. The transaction 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 dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the sale, the executive vice president now directly owns 82,596 shares of the company’s stock, 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. Over the last ninety days, insiders sold 14,077 shares of company stock valued at $563,080. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEM shares. The Goldman Sachs Group began coverage on shares of Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 price target on the stock. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. CLSA assumed coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating on the stock. Jefferies Financial Group lifted their price target on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Scotiabank decreased their price objective on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Newmont 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.