Newmont Co. (NYSE:NEM) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its position in Newmont Co. (NYSE:NEM) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 18,133 shares of the basic materials company’s stock after purchasing an additional 568 shares during the quarter. V Square Quantitative Management LLC’s holdings in Newmont were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Newmont in the 3rd quarter worth approximately $28,000. Highline Wealth Partners LLC acquired a new stake in Newmont in the 3rd quarter valued at approximately $32,000. HHM Wealth Advisors LLC raised its stake in Newmont by 66.0% during the 4th 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 in the last quarter. Finally, McIlrath & Eck LLC boosted its position in Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 361 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Insider Transactions at Newmont

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 transaction of $120,000.00. Following the completion of the sale, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction that occurred 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 sale, the director now owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,154 shares of company stock worth $1,166,843. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and cut their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. Raymond James dropped their price target on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Scotiabank decreased their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. CLSA initiated coverage on shares of Newmont in a research report on Friday, November 29th. They issued an “underperform” rating on the stock. Finally, Bernstein Bank upped their price objective 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 issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of $53.37.

Newmont Stock Performance

NEM opened at $46.61 on Friday. The company has a market cap of $53.06 billion, a PE ratio of -30.66, a price-to-earnings-growth ratio of 0.38 and a beta of 0.52. The stock has a 50-day moving average of $40.90 and a 200-day moving average of $46.51. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

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.