Newmont Co. (NYSE:NEM) Shares Sold by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. trimmed its position in shares of Newmont Co. (NYSE:NEM) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,431 shares of the basic materials company’s stock after selling 15,931 shares during the period. Newmont makes up about 1.6% of Valicenti Advisory Services Inc.’s holdings, making the stock its 23rd biggest holding. Valicenti Advisory Services Inc.’s holdings in Newmont were worth $6,269,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Forsta AP Fonden increased its holdings in Newmont by 1.3% in the 4th quarter. Forsta AP Fonden now owns 239,400 shares of the basic materials company’s stock valued at $8,910,000 after purchasing an additional 3,000 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Newmont by 3.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 165,991 shares of the basic materials company’s stock valued at $6,178,000 after buying an additional 5,512 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Newmont during the 4th quarter valued at about $213,000. Deane Retirement Strategies Inc. purchased a new position in Newmont in the 4th quarter worth approximately $4,817,000. Finally, Signature Wealth Management Partners LLC raised its stake in shares of Newmont by 14.4% during the fourth quarter. Signature Wealth Management Partners LLC now owns 15,887 shares of the basic materials company’s stock valued at $591,000 after purchasing an additional 2,000 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In related news, Director Harry M. Iv Conger acquired 9,498 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the acquisition, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $611,090.70. The trade was a 189.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Natascha Viljoen sold 9,000 shares of the business’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 $360,000.00. Following the sale, the chief operating officer now directly owns 145,967 shares in the company, valued at approximately $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,077 shares of company stock valued at $563,080 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Up 1.2 %

NEM stock opened at $41.83 on Wednesday. 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 firm’s 50-day simple moving average is $40.30 and its 200 day simple moving average is $46.72. The stock has a market cap of $47.63 billion, a PE ratio of -27.56, a price-to-earnings-growth ratio of 0.33 and a beta of 0.50. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NEM shares. UBS Group downgraded shares of Newmont from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group started coverage on Newmont in a research note on Monday, January 13th. They set a “buy” rating and a $47.20 target price for the company. Finally, Bernstein Bank lifted their price target on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.