Natascha Viljoen Sells 9,000 Shares of Newmont Co. (NYSE:NEM) Stock

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now owns 136,967 shares in the company, valued at approximately $5,874,514.63. The trade was a 6.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Natascha Viljoen also recently made the following trade(s):

• On Friday, January 10th, Natascha Viljoen sold 9,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total value of $360,000.00.

Newmont Trading Down 0.1 %

Shares of NYSE:NEM opened at $44.93 on Friday. The firm has a market capitalization of $51.14 billion, a price-to-earnings ratio of -29.56, a price-to-earnings-growth ratio of 0.36 and a beta of 0.52. The business’s 50 day moving average price is $40.35 and its 200-day moving average price is $46.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72.

Institutional Trading of Newmont

Several institutional investors have recently modified their holdings of NEM. Heathbridge Capital Management Ltd. increased its position in shares of Newmont by 2.0% during the third quarter. Heathbridge Capital Management Ltd. now owns 10,300 shares of the basic materials company’s stock worth $551,000 after purchasing an additional 200 shares in the last quarter. E. Ohman J or Asset Management AB grew its stake in Newmont by 0.4% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 47,942 shares of the basic materials company’s stock valued at $2,562,000 after acquiring an additional 200 shares in the last quarter. Fulton Bank N.A. raised its holdings in Newmont by 1.5% in the 3rd quarter. Fulton Bank N.A. now owns 15,188 shares of the basic materials company’s stock valued at $812,000 after acquiring an additional 221 shares during the last quarter. Carmel Capital Partners LLC lifted its stake in Newmont by 4.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 5,221 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 226 shares in the last quarter. Finally, Good Life Advisors LLC grew its position in shares of Newmont by 4.6% in the third quarter. Good Life Advisors LLC now owns 5,182 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the subject of a number of recent research reports. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Bernstein Bank raised their target price on shares of Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Royal Bank of Canada decreased their target price on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 24th. Scotiabank cut 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. Finally, CLSA initiated coverage on Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.44.

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.