U.S. Capital Wealth Advisors LLC Has $15.88 Million Stake in Newmont Co. (NYSE:NEM)

U.S. Capital Wealth Advisors LLC boosted its position in shares of Newmont Co. (NYSE:NEM) by 51.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 426,524 shares of the basic materials company’s stock after purchasing an additional 144,699 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Newmont were worth $15,875,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after buying an additional 326 shares during the period. Hoese & Co LLP purchased a new position in shares of Newmont during the 3rd quarter valued at $27,000. Prospera Private Wealth LLC acquired a new position in shares of Newmont in the third quarter worth $28,000. Highline Wealth Partners LLC purchased a new stake in shares of Newmont during the third quarter worth $32,000. Finally, McIlrath & Eck LLC grew its stake in Newmont by 80.6% in the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 361 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the completion of the transaction, the director now directly owns 52,070 shares in the company, valued at $2,082,800. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harry M. Iv Conger bought 9,498 shares of Newmont stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the purchase, the director now directly owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 14,077 shares of company stock worth $563,080. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the subject of several recent research reports. Bernstein Bank boosted their price target on Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Scotiabank dropped their price target on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their price objective on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. Finally, CIBC downgraded Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.44.

Newmont Stock Down 0.9 %

NEM opened at $42.71 on Friday. Newmont Co. has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The company has a market capitalization of $48.63 billion, a P/E ratio of -28.10, a P/E/G ratio of 0.35 and a beta of 0.50. 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 firm’s fifty day moving average price is $40.26 and its two-hundred day moving average price is $46.62.

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.