Insider Selling: Newmont Co. (NYSE:NEM) COO Sells $386,010.00 in Stock

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the sale, the chief operating officer now directly owns 136,967 shares of the company’s stock, valued at approximately $5,874,514.63. The trade was a 6.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Natascha Viljoen also recently made the following trade(s):

• On Friday, January 10th, Natascha Viljoen sold 9,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00.

Newmont Stock Performance

Newmont stock opened at $44.85 on Friday. The business has a 50 day moving average of $40.41 and a 200-day moving average of $46.53. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72. 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 company has a market capitalization of $51.06 billion, a P/E ratio of -29.51, a P/E/G ratio of 0.36 and a beta of 0.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hoese & Co LLP bought a new stake in Newmont in the third quarter valued at approximately $27,000. Avior Wealth Management LLC boosted its holdings in Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in Newmont in the third quarter valued at approximately $28,000. Highline Wealth Partners LLC bought a new stake in Newmont in the third quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

NEM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group initiated coverage on shares of Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 price objective for the company. CIBC cut shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. Raymond James cut their price objective on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Finally, Bernstein Bank upped their price objective on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and an average target price of $53.44.

About Newmont

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.