Newmont Co. (NYSE:NEM) COO Sells $386,010.00 in Stock

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 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 transaction of $386,010.00. Following the transaction, the chief operating officer now directly owns 136,967 shares in the company, valued at $5,874,514.63. This trade represents a 6.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Natascha Viljoen also recently made the following trade(s):

• On Friday, January 10th, Natascha Viljoen sold 9,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00.

Newmont Stock Down 0.1 %

Newmont stock opened at $44.93 on Friday. The firm has a market capitalization of $51.14 billion, a P/E ratio of -29.56, a P/E/G ratio of 0.36 and a beta of 0.52. 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 twelve month low of $29.42 and a twelve month high of $58.72. The stock’s fifty day simple moving average is $40.35 and its 200-day simple moving average is $46.54.

Wall Street Analyst Weigh In

NEM has been the subject of several analyst reports. CLSA started coverage on Newmont in a research report on Friday, November 29th. They issued an “underperform” rating for the company. The Goldman Sachs Group began coverage on Newmont in a report on Monday, January 13th. They set a “buy” rating and a $47.20 price target for the company. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. Finally, Scotiabank reduced their price target on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. 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 stock. According to MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Institutional Investors Weigh In On Newmont

Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in shares of Newmont by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company’s stock worth $1,851,606,000 after buying an additional 797,445 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Newmont by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock worth $1,253,457,000 after buying an additional 326,243 shares during the last quarter. FMR LLC lifted its stake in Newmont by 21.1% during the third quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock worth $376,953,000 after purchasing an additional 1,226,697 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Newmont by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,850,404 shares of the basic materials company’s stock valued at $254,972,000 after purchasing an additional 92,354 shares during the last quarter. Finally, Ninety One UK Ltd raised its holdings in Newmont by 27.5% during the fourth quarter. Ninety One UK Ltd now owns 3,456,456 shares of the basic materials company’s stock worth $128,649,000 after purchasing an additional 744,718 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

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.