Wilmington Savings Fund Society FSB Has $268,000 Stake in Newmont Co. (NYSE:NEM)

Wilmington Savings Fund Society FSB reduced its stake in shares of Newmont Co. (NYSE:NEM) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,203 shares of the basic materials company’s stock after selling 694 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Newmont were worth $268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI purchased a new stake in shares of Newmont during the 3rd quarter worth about $98,011,000. Nordea Investment Management AB raised its position in Newmont by 173.0% during the fourth quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock valued at $92,832,000 after acquiring an additional 1,578,545 shares in the last quarter. FMR LLC lifted its stake in Newmont by 21.1% in the third quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock valued at $376,953,000 after acquiring an additional 1,226,697 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Newmont by 262.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,514,688 shares of the basic materials company’s stock worth $80,960,000 after acquiring an additional 1,096,905 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Newmont by 6,387.0% during the 3rd quarter. International Assets Investment Management LLC now owns 979,921 shares of the basic materials company’s stock worth $52,377,000 after purchasing an additional 964,815 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NEM shares. CLSA began coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Raymond James cut their price objective on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. One equities research 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.com, Newmont currently has an average rating of “Moderate Buy” and an average price target of $53.37.

Insider Activity at Newmont

In other news, COO Natascha Viljoen sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the sale, the chief operating officer now directly owns 136,967 shares in the company, valued at approximately $5,874,514.63. This represents a 6.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the transaction, the director now owns 52,070 shares of the company’s stock, valued at $2,082,800. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,154 shares of company stock worth $1,166,843. 0.06% of the stock is owned by corporate insiders.

Newmont Trading Down 2.1 %

Newmont stock opened at $45.51 on Wednesday. The business has a 50 day moving average price of $40.58 and a two-hundred day moving average price of $46.50. The company has a quick ratio of 1.73, a current ratio of 1.96 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 stock has a market cap of $51.81 billion, a price-to-earnings ratio of -29.94, a price-to-earnings-growth ratio of 0.38 and a beta of 0.52.

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.