Newmont Co. (NYSE:NEM) Director Bruce R. Brook Sells 2,077 Shares

Newmont Co. (NYSE:NEM) Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the sale, the director now directly owns 49,993 shares in the company, valued at $2,144,199.77. This represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Newmont Trading Up 3.8 %

NEM opened at $44.98 on Thursday. The stock’s fifty day simple moving average is $40.29 and its 200 day simple moving average is $46.55. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of Newmont in the second quarter valued at approximately $682,000. Czech National Bank grew its holdings in Newmont by 6.4% in the 3rd quarter. Czech National Bank now owns 233,743 shares of the basic materials company’s stock valued at $12,494,000 after buying an additional 14,002 shares in the last quarter. GAMMA Investing LLC increased its position in Newmont by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 18,630 shares of the basic materials company’s stock worth $996,000 after buying an additional 3,264 shares during the period. Diversified Trust Co acquired a new stake in shares of Newmont during the third quarter worth $268,000. Finally, Everpar Advisors LLC bought a new stake in shares of Newmont in the third quarter valued at about $204,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on NEM shares. CLSA began coverage on Newmont in a research note on Friday, November 29th. They issued an “underperform” rating on the stock. JPMorgan Chase & Co. upgraded shares of Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Scotiabank reduced their price objective on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Finally, Bernstein Bank raised their price objective on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

About Newmont

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.