Baader Bank Aktiengesellschaft Has $919,000 Stock Position in Newmont Co. (NYSE:NEM)

Baader Bank Aktiengesellschaft cut its stake in Newmont Co. (NYSE:NEM) by 23.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,804 shares of the basic materials company’s stock after selling 7,670 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Newmont were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB boosted its stake in Newmont by 1.7% in the 4th quarter. Swedbank AB now owns 768,848 shares of the basic materials company’s stock worth $28,617,000 after purchasing an additional 12,608 shares during the period. Forsta AP Fonden boosted its stake in Newmont by 1.3% in the 4th quarter. Forsta AP Fonden now owns 239,400 shares of the basic materials company’s stock worth $8,910,000 after purchasing an additional 3,000 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Newmont by 3.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 165,991 shares of the basic materials company’s stock worth $6,178,000 after purchasing an additional 5,512 shares during the period. R Squared Ltd bought a new stake in Newmont during the 4th quarter worth about $213,000. Finally, Deane Retirement Strategies Inc. bought a new stake in Newmont during the 4th quarter worth about $4,817,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on NEM. CIBC cut shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research report on Monday, October 28th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Scotiabank cut 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 report on Tuesday, January 21st. UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and dropped their target price for the company from $67.00 to $54.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.44.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $83,080.00. Following the transaction, the director now directly 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 have sold a total of 14,077 shares of company stock worth $563,080 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Newmont Trading Up 0.4 %

Shares of NYSE:NEM opened at $41.54 on Thursday. The company’s 50 day moving average price is $40.30 and its two-hundred day moving average price is $46.72. Newmont Co. has a 12-month low of $29.42 and a 12-month 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.