Atomi Financial Group Inc. lessened its stake in Newmont Co. (NYSE:NEM - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,965 shares of the basic materials company's stock after selling 7,172 shares during the quarter. Atomi Financial Group Inc.'s holdings in Newmont were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of NEM. Uncommon Cents Investing LLC boosted its stake in Newmont by 89.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 32,655 shares of the basic materials company's stock valued at $1,215,000 after purchasing an additional 15,375 shares during the last quarter. Strong Tower Advisory Services boosted its position in shares of Newmont by 14.6% during the fourth quarter. Strong Tower Advisory Services now owns 44,824 shares of the basic materials company's stock valued at $1,668,000 after buying an additional 5,724 shares during the last quarter. Systrade AG bought a new stake in Newmont in the 4th quarter worth about $3,759,000. Ellsworth Advisors LLC raised its position in Newmont by 6.1% in the 4th quarter. Ellsworth Advisors LLC now owns 17,205 shares of the basic materials company's stock worth $640,000 after buying an additional 985 shares during the last quarter. Finally, Successful Portfolios LLC lifted its stake in Newmont by 5.3% during the 4th quarter. Successful Portfolios LLC now owns 6,221 shares of the basic materials company's stock valued at $232,000 after acquiring an additional 312 shares during the period. Institutional investors own 68.85% of the company's stock.
In other news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Natascha Viljoen sold 9,000 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $360,000.00. Following the completion of the sale, the chief operating officer now directly owns 145,967 shares of the company's stock, valued at approximately $5,838,680. This trade represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,077 shares of company stock worth $563,080. Insiders own 0.06% of the company's stock.
A number of brokerages have recently commented on NEM. Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Veritas upgraded shares of Newmont to a "strong-buy" rating in a research note on Monday, September 30th. Raymond James lowered their price target on Newmont from $62.00 to $59.00 and set an "outperform" rating on the stock in a report on Monday, November 25th. UBS Group lowered Newmont from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $67.00 to $54.00 in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 target price on the stock. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.44.
Get Our Latest Analysis on NEM
Shares of NYSE:NEM opened at $42.05 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The business has a 50 day simple moving average of $40.35 and a two-hundred day simple moving average of $46.78. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72.
Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The business had revenue of $4.61 billion during the quarter, compared to analysts' expectations of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The business's revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities analysts anticipate that Newmont Co. will post 3.07 EPS for the current year.
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.
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