Robeco Institutional Asset Management B.V. Grows Stock Holdings in Newmont Co. (NYSE:NEM)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Newmont Co. (NYSE:NEM) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,991 shares of the basic materials company’s stock after purchasing an additional 5,512 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Newmont were worth $6,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waverton Investment Management Ltd lifted its holdings in shares of Newmont by 14.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company’s stock valued at $28,379,000 after buying an additional 65,075 shares during the period. Sanctuary Advisors LLC lifted its holdings in Newmont by 117.3% in the third quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company’s stock valued at $1,854,000 after acquiring an additional 18,722 shares during the period. Nordea Investment Management AB boosted its position in Newmont by 173.0% in the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock worth $92,832,000 after purchasing an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Newmont by 57.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company’s stock worth $88,580,000 after purchasing an additional 865,213 shares during the period. Finally, Red Cedar Investment Management LLC purchased a new position in shares of Newmont during the 3rd quarter valued at approximately $1,263,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEM has been the topic of several analyst reports. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. UBS Group lowered Newmont from a “buy” rating to a “neutral” rating and cut their price target for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. CLSA started coverage on Newmont in a research report on Friday, November 29th. They set an “underperform” rating on the stock. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. Finally, Bernstein Bank lifted their price target on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.44.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president now directly owns 82,596 shares in the company, valued at approximately $3,303,840. This represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry M. Iv Conger bought 9,498 shares of Newmont stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the transaction, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $611,090.70. This trade represents a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 14,077 shares of company stock valued at $563,080 in the last three months. 0.06% of the stock is currently owned by insiders.

Newmont Price Performance

NEM stock opened at $42.71 on Friday. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72. The firm has a market capitalization of $48.63 billion, a PE ratio of -28.10, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The business has a 50 day simple moving average of $40.26 and a 200-day simple moving average of $46.63.

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.