One Wealth Advisors LLC Takes Position in Newmont Corporation $NEM

One Wealth Advisors LLC bought a new position in shares of Newmont Corporation (NYSE:NEMFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,926 shares of the basic materials company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. Phoenix Financial Ltd. raised its stake in shares of Newmont by 21.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 19,651 shares of the basic materials company’s stock worth $1,656,000 after buying an additional 3,452 shares in the last quarter. CFM Wealth Partners LLC bought a new stake in Newmont in the third quarter worth about $295,000. Alta Wealth Advisors LLC acquired a new stake in Newmont in the 3rd quarter valued at about $255,000. Belpointe Asset Management LLC grew its stake in shares of Newmont by 4.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 39,945 shares of the basic materials company’s stock worth $3,368,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Tandem Financial LLC lifted its stake in Newmont by 3.4% during the third quarter. Tandem Financial LLC now owns 10,508 shares of the basic materials company’s stock valued at $886,000 after purchasing an additional 344 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,160 shares of company stock valued at $767,206. 0.05% of the stock is owned by corporate insiders.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

Newmont Stock Performance

Shares of NEM opened at $127.02 on Wednesday. The company has a market capitalization of $138.61 billion, a PE ratio of 19.72, a PEG ratio of 0.97 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The company’s 50 day moving average price is $102.15 and its 200 day moving average price is $85.90. Newmont Corporation has a 52 week low of $40.99 and a 52 week high of $129.25.

Wall Street Analysts Forecast Growth

NEM has been the subject of several research reports. BNP Paribas Exane lowered Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price objective for the company. in a research note on Friday, December 5th. Canaccord Genuity Group raised their target price on shares of Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. National Bankshares lifted their target price on shares of Newmont from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. TD Cowen upped their price target on shares of Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Newmont from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $105.88.

Get Our Latest Report on Newmont

Newmont Profile

(Free Report)

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.

See Also

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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