Secure Asset Management LLC Has $1.33 Million Holdings in Newmont Co. (NYSE:NEM)

Secure Asset Management LLC boosted its stake in Newmont Co. (NYSE:NEM) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,678 shares of the basic materials company’s stock after buying an additional 4,522 shares during the period. Secure Asset Management LLC’s holdings in Newmont were worth $1,328,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Donoghue Forlines LLC acquired a new position in shares of Newmont in the fourth quarter worth approximately $1,397,000. Avior Wealth Management LLC lifted its position in shares of Newmont by 288.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,925 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 1,429 shares during the period. Viking Fund Management LLC boosted its stake in shares of Newmont by 42.9% in the 4th quarter. Viking Fund Management LLC now owns 50,000 shares of the basic materials company’s stock valued at $1,861,000 after purchasing an additional 15,000 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Newmont by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 119,987 shares of the basic materials company’s stock worth $4,466,000 after buying an additional 520 shares during the period. Finally, Uncommon Cents Investing LLC raised its stake in Newmont by 89.0% during the fourth quarter. Uncommon Cents Investing LLC now owns 32,655 shares of the basic materials company’s stock worth $1,215,000 after buying an additional 15,375 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $120,000.00. Following the sale, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Natascha Viljoen sold 9,000 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 $360,000.00. Following the completion of the sale, the chief operating officer now directly owns 145,967 shares of the company’s stock, valued at approximately $5,838,680. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,077 shares of company stock worth $563,080 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

NEM has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday. Veritas upgraded Newmont to a “strong-buy” rating in a report on Monday, September 30th. CIBC downgraded shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, CLSA assumed coverage on shares of Newmont in a report on Friday, November 29th. They set an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average price target of $53.44.

Newmont Stock Up 0.6 %

Newmont stock opened at $41.91 on Friday. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm’s 50-day simple moving average is $40.31 and its 200 day simple moving average is $46.83. The stock has a market cap of $47.72 billion, a PE ratio of -27.57, a price-to-earnings-growth ratio of 0.34 and a beta of 0.50.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business’s revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. Research analysts predict that Newmont Co. will post 3.07 EPS for the current fiscal year.

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.