Newmont Co. (NYSE:NEM) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lowered its position in shares of Newmont Co. (NYSE:NEM) by 71.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,000 shares of the basic materials company’s stock after selling 127,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Newmont were worth $1,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEM. Creative Planning raised its stake in Newmont by 23.4% during the third quarter. Creative Planning now owns 129,379 shares of the basic materials company’s stock valued at $6,915,000 after buying an additional 24,536 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Newmont by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 512,789 shares of the basic materials company’s stock valued at $27,409,000 after buying an additional 39,045 shares in the last quarter. Whittier Trust Co. raised its stake in Newmont by 3.0% during the third quarter. Whittier Trust Co. now owns 15,040 shares of the basic materials company’s stock valued at $804,000 after buying an additional 435 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Newmont by 35.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,382 shares of the basic materials company’s stock worth $715,000 after purchasing an additional 3,498 shares during the period. Finally, Signaturefd LLC raised its position in shares of Newmont by 3.5% during the 3rd quarter. Signaturefd LLC now owns 23,486 shares of the basic materials company’s stock worth $1,255,000 after purchasing an additional 802 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

NEM opened at $47.42 on Thursday. 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 fifty day simple moving average of $41.33 and a 200-day simple moving average of $46.46. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72.

Insider Transactions at Newmont

In other Newmont news, Director Harry M. Iv Conger bought 9,498 shares of Newmont stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the sale, the director now owns 52,070 shares of the company’s stock, valued at $2,082,800. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,154 shares of company stock valued at $1,166,843 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of research reports. Scotiabank dropped their price target on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Bernstein Bank increased their price target on Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. UBS Group cut Newmont from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $67.00 to $54.00 in a research report on Wednesday, October 30th. Finally, Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.37.

Newmont 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.