Newmont Co. (NYSE:NEM) EVP Sells $128,670.00 in Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares of the company’s stock, valued at $3,413,872.44. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Peter Toth also recently made the following trade(s):

• On Friday, January 10th, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $40.00, for a total value of $120,000.00.

Newmont Stock Performance

Newmont stock traded up $1.63 during mid-day trading on Wednesday, hitting $44.98. 14,078,115 shares of the company’s stock traded hands, compared to its average volume of 8,601,396. The firm has a 50 day moving average price of $40.29 and a 200 day moving average price of $46.55. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The company has a market cap of $51.21 billion, a PE ratio of -29.59, a price-to-earnings-growth ratio of 0.36 and a beta of 0.52. Newmont Co. has a one year low of $29.42 and a one year high of $58.72.

Institutional Trading of Newmont

Several hedge funds have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in Newmont during the 4th quarter valued at $74,000. Smartleaf Asset Management LLC raised its stake in Newmont by 22.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,495 shares of the basic materials company’s stock valued at $129,000 after acquiring an additional 646 shares in the last quarter. Hickory Point Bank & Trust bought a new stake in Newmont during the 4th quarter valued at $821,000. Duncker Streett & Co. Inc. raised its stake in Newmont by 75.2% during the 4th quarter. Duncker Streett & Co. Inc. now owns 9,256 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 3,972 shares in the last quarter. Finally, Heritage Wealth Management Inc. raised its stake in shares of Newmont by 10.4% in the 4th quarter. Heritage Wealth Management Inc. now owns 6,395 shares of the basic materials company’s stock worth $238,000 after buying an additional 600 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

NEM has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 24th. Bernstein Bank raised their price objective on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Scotiabank dropped their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. Finally, CIBC lowered Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

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.