69,319 Shares in Newmont Corporation $NEM Bought by Caprock Group LLC

Caprock Group LLC acquired a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69,319 shares of the basic materials company’s stock, valued at approximately $5,844,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEM. Estate Counselors LLC bought a new stake in shares of Newmont in the 3rd quarter valued at $4,182,000. AustralianSuper Pty Ltd grew its stake in Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after acquiring an additional 183,360 shares during the period. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Newmont by 286.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock worth $5,101,000 after acquiring an additional 44,846 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Newmont by 176.4% during the second quarter. Envestnet Asset Management Inc. now owns 447,960 shares of the basic materials company’s stock worth $26,098,000 after purchasing an additional 285,897 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock valued at $362,888,000 after purchasing an additional 2,723,044 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s 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 sale, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEM. Citigroup reissued a “buy” rating on shares of Newmont in a research note on Monday, January 12th. BNP Paribas Exane cut shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target for the company. in a report on Friday, December 5th. Stifel Nicolaus increased their price objective on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen boosted their price objective on shares of Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Macquarie Infrastructure upped their target price on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus price target of $130.49.

Newmont Stock Performance

Shares of NEM stock opened at $121.40 on Wednesday. Newmont Corporation has a 12 month low of $41.23 and a 12 month high of $134.88. The company’s fifty day simple moving average is $108.24 and its 200-day simple moving average is $89.99. The firm has a market cap of $132.48 billion, a PE ratio of 18.85, a P/E/G ratio of 0.93 and a beta of 0.40. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

Newmont Profile

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.