Strengthening Families & Communities LLC Has $3.86 Million Stock Position in Newmont Corporation $NEM

Strengthening Families & Communities LLC boosted its holdings in Newmont Corporation (NYSE:NEM) by 2,051.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 46,762 shares of the basic materials company’s stock after acquiring an additional 44,588 shares during the period. Newmont comprises 0.9% of Strengthening Families & Communities LLC’s holdings, making the stock its 24th biggest position. Strengthening Families & Communities LLC’s holdings in Newmont were worth $3,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its stake in Newmont by 53.5% in the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 139 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of Newmont by 26.4% in the 3rd quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock valued at $56,000 after buying an additional 140 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Newmont by 2.3% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock worth $566,000 after acquiring an additional 145 shares in the last quarter. Welch Group LLC increased its stake in Newmont by 1.3% in the third quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock valued at $1,027,000 after acquiring an additional 153 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its stake in Newmont by 1.9% in the third quarter. Frank Rimerman Advisors LLC now owns 8,216 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 156 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Newmont Trading Up 0.4%

Shares of NYSE NEM opened at $112.83 on Tuesday. The stock has a market cap of $123.12 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 0.86 and a beta of 0.40. The firm has a 50 day moving average price of $105.05 and a two-hundred day moving average price of $87.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. Newmont Corporation has a 52-week low of $41.23 and a 52-week high of $134.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Macquarie raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. BNP Paribas Exane cut shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 target price for the company. in a report on Friday, December 5th. CIBC set a $112.00 price target on shares of Newmont and gave the company an “outperformer” rating in a report on Friday, October 10th. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group raised their target price on shares of Newmont from $120.00 to $136.00 and gave the company 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 issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Newmont presently has an average rating of “Buy” and a consensus target price of $112.38.

Newmont Profile

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.