E. Ohman J or Asset Management AB Has $1.95 Million Position in Newmont Co. (NYSE:NEM)

E. Ohman J or Asset Management AB increased its stake in shares of Newmont Co. (NYSE:NEM) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,342 shares of the basic materials company’s stock after buying an additional 4,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Newmont were worth $1,948,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Waverton Investment Management Ltd lifted its position in Newmont by 14.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company’s stock worth $28,379,000 after buying an additional 65,075 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Newmont by 117.3% in the third quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company’s stock worth $1,854,000 after acquiring an additional 18,722 shares during the last quarter. Nordea Investment Management AB boosted its position in Newmont by 173.0% during the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock valued at $92,832,000 after purchasing an additional 1,578,545 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Newmont by 57.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company’s stock valued at $88,580,000 after purchasing an additional 865,213 shares during the last quarter. Finally, Red Cedar Investment Management LLC acquired a new stake in Newmont during the third quarter valued at $1,263,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity

In related news, COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the firm’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,077 shares of company stock valued at $563,080. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CIBC lowered Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. UBS Group lowered shares of Newmont from a “buy” rating to a “neutral” rating and cut their price objective for the company from $67.00 to $54.00 in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. JPMorgan Chase & Co. upgraded shares of Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. Finally, Scotiabank decreased their price objective on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.44.

Newmont Stock Up 0.6 %

NEM opened at $43.37 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.72. The business has a 50 day moving average of $40.27 and a 200-day moving average of $46.58. The stock has a market capitalization of $49.37 billion, a price-to-earnings ratio of -28.53, a P/E/G ratio of 0.36 and a beta of 0.52.

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.