Newmont Co. (NYSE:NEM) Shares Acquired by Bfsg LLC

Bfsg LLC increased its stake in shares of Newmont Co. (NYSE:NEM - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,566 shares of the basic materials company's stock after acquiring an additional 57,690 shares during the period. Bfsg LLC's holdings in Newmont were worth $6,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Newmont during the 3rd quarter valued at approximately $301,000. Creative Planning increased its holdings in Newmont by 23.4% in the third quarter. Creative Planning now owns 129,379 shares of the basic materials company's stock valued at $6,915,000 after buying an additional 24,536 shares in the last quarter. Good Life Advisors LLC increased its holdings in 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 buying an additional 229 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Newmont by 10.6% in the third quarter. Bleakley Financial Group LLC now owns 19,327 shares of the basic materials company's stock worth $1,033,000 after acquiring an additional 1,859 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Newmont during the 3rd quarter worth about $201,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Stock Up 1.4 %

NEM traded up $0.69 during trading hours on Thursday, hitting $48.10. 9,686,216 shares of the company's stock were exchanged, compared to its average volume of 9,046,383. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. The firm has a market cap of $54.75 billion, a P/E ratio of -31.64, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. The firm has a 50 day moving average of $41.33 and a 200 day moving average of $46.46.

Insider Activity

In other news, Director Harry M. Iv Conger acquired 9,498 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $42.15 per share, with a total value of $400,340.70. Following the transaction, the director now owns 14,498 shares in the company, valued at approximately $611,090.70. This trade represents a 189.96 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of Newmont 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 sale, the director now directly owns 52,070 shares of the company's stock, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,154 shares of company stock worth $1,166,843. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James cut their price target on Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. CIBC downgraded Newmont from a "sector outperform" rating to a "neutral" rating in a research note on Monday, October 28th. Scotiabank decreased their target price 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. Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on Newmont from $47.00 to $52.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.37.

Newmont Company 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.