Newmont Co. (NYSE:NEM) Shares Acquired by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC lifted its stake in shares of Newmont Co. (NYSE:NEM) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,176 shares of the basic materials company’s stock after purchasing an additional 666 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Newmont were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC increased its position in Newmont by 63.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 22,942 shares of the basic materials company’s stock valued at $854,000 after acquiring an additional 8,913 shares during the period. Country Club Bank increased its position in Newmont by 64.7% in the 4th quarter. Country Club Bank now owns 89,291 shares of the basic materials company’s stock valued at $3,304,000 after acquiring an additional 35,068 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Newmont by 25.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,540 shares of the basic materials company’s stock valued at $4,501,000 after acquiring an additional 24,562 shares during the period. Stratos Wealth Partners LTD. increased its position in Newmont by 53.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 13,918 shares of the basic materials company’s stock valued at $518,000 after acquiring an additional 4,852 shares during the period. Finally, Ninety One UK Ltd increased its position in shares of Newmont by 27.5% during the 4th quarter. Ninety One UK Ltd now owns 3,456,456 shares of the basic materials company’s stock valued at $128,649,000 after purchasing an additional 744,718 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Newmont

In other news, 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 transaction, the executive vice president now directly owns 82,596 shares in the company, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the transaction, the director now owns 49,993 shares in the company, valued at $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,154 shares of company stock worth $1,166,843. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEM. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Bernstein Bank lifted their price target on Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Raymond James lowered their price target on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Scotiabank lowered their price target on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Finally, CLSA initiated coverage on Newmont in a research note on Friday, November 29th. They set an “underperform” rating for the company. 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

Newmont Price Performance

NYSE NEM opened at $44.98 on Thursday. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The stock’s 50-day moving average is $40.29 and its two-hundred day moving average is $46.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

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.