New York State Teachers Retirement System Has $32.72 Million Holdings in Newmont Co. (NYSE:NEM)

New York State Teachers Retirement System lifted its holdings in Newmont Co. (NYSE:NEM) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 879,047 shares of the basic materials company’s stock after acquiring an additional 18,035 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Newmont worth $32,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC lifted its holdings in Newmont by 3.2% during the 4th quarter. V Square Quantitative Management LLC now owns 18,133 shares of the basic materials company’s stock worth $675,000 after buying an additional 568 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Newmont by 7.4% during the 4th quarter. Vontobel Holding Ltd. now owns 381,480 shares of the basic materials company’s stock worth $14,199,000 after buying an additional 26,447 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in Newmont by 2.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 554,054 shares of the basic materials company’s stock worth $20,965,000 after buying an additional 15,574 shares in the last quarter. Avestar Capital LLC lifted its holdings in Newmont by 6.5% during the 4th quarter. Avestar Capital LLC now owns 5,757 shares of the basic materials company’s stock worth $214,000 after buying an additional 352 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in Newmont by 40.0% during the 4th quarter. Stanley Laman Group Ltd. now owns 7,000 shares of the basic materials company’s stock worth $261,000 after buying an additional 2,000 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares in the company, valued at approximately $3,413,872.44. This represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the transaction, the chief operating officer now owns 136,967 shares of the company’s stock, valued at approximately $5,874,514.63. This trade represents a 6.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,154 shares of company stock worth $1,166,843. Corporate insiders own 0.06% of the company’s stock.

Newmont Price Performance

NEM stock opened at $46.61 on Friday. The stock has a 50-day moving average price of $41.01 and a two-hundred day moving average price of $46.50. The stock has a market cap of $53.06 billion, a PE ratio of -30.66, a price-to-earnings-growth ratio of 0.38 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 1 year low of $29.42 and a 1 year high of $58.72.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEM. Royal Bank of Canada upped their price objective on Newmont from $47.00 to $52.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. UBS Group downgraded Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $67.00 to $54.00 in a report on Wednesday, October 30th. Scotiabank dropped their target price on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. CIBC cut shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. Finally, Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont has an average rating of “Moderate Buy” and an average target price of $53.37.

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.