Mn Services Vermogensbeheer B.V. Purchases 4,900 Shares of Newmont Corporation $NEM

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Newmont Corporation (NYSE:NEM) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,380 shares of the basic materials company’s stock after purchasing an additional 4,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Newmont were worth $35,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 139 shares in the last quarter. HHM Wealth Advisors LLC raised its stake 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 purchasing an additional 140 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Newmont by 2.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 145 shares in the last quarter. Welch Group LLC boosted its position in shares of Newmont by 1.3% during the third quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock worth $1,027,000 after buying an additional 153 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in shares of Newmont by 3.8% during the third quarter. Resonant Capital Advisors LLC now owns 4,401 shares of the basic materials company’s stock worth $371,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the transaction, the chief executive officer directly owned 279,923 shares in the company, valued at $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,160 shares of company stock valued at $767,206 in the last ninety days. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NEM. National Bankshares boosted their target price on Newmont from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Argus lifted their target price on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. CIBC set a $112.00 price target on Newmont and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, BNP Paribas Exane cut Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price objective on the stock. in a research note on Friday, December 5th. Six research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $99.49.

Newmont Trading Up 2.2%

Newmont stock opened at $124.34 on Friday. The stock has a 50-day simple moving average of $100.57 and a 200 day simple moving average of $84.59. The stock has a market capitalization of $135.69 billion, a P/E ratio of 19.31, a PEG ratio of 0.92 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. Newmont Corporation has a 52 week low of $40.85 and a 52 week high of $124.64.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue was up 20.0% on a year-over-year basis. Analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

About Newmont

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.