6,113 Shares in Newmont Co. (NYSE:NEM) Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC purchased a new position in Newmont Co. (NYSE:NEMFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,113 shares of the basic materials company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEM. Blair William & Co. IL lifted its position in shares of Newmont by 14.8% in the first quarter. Blair William & Co. IL now owns 42,511 shares of the basic materials company’s stock worth $3,378,000 after buying an additional 5,484 shares during the last quarter. Sei Investments Co. increased its stake in shares of Newmont by 19.3% in the first quarter. Sei Investments Co. now owns 66,212 shares of the basic materials company’s stock worth $5,219,000 after purchasing an additional 10,692 shares during the period. Cetera Investment Advisers increased its stake in shares of Newmont by 46.9% in the first quarter. Cetera Investment Advisers now owns 27,905 shares of the basic materials company’s stock worth $2,217,000 after purchasing an additional 8,915 shares during the period. Baird Financial Group Inc. increased its stake in shares of Newmont by 7.2% in the first quarter. Baird Financial Group Inc. now owns 595,641 shares of the basic materials company’s stock worth $47,324,000 after purchasing an additional 39,765 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Newmont by 25.8% in the first quarter. Parkside Financial Bank & Trust now owns 1,354 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. National Bank Financial reiterated an “outperform overweight” rating on shares of Newmont in a research note on Wednesday, January 3rd. UBS Group lowered their price target on Newmont from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 13th. BMO Capital Markets lowered their price target on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 17th. Macquarie assumed coverage on Newmont in a research note on Tuesday, November 21st. They set an “outperform” rating and a $45.00 price target on the stock. Finally, Raymond James lowered their price target on Newmont from $59.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.76.

View Our Latest Analysis on NEM

Newmont Trading Down 1.6 %

NEM stock opened at $32.79 on Monday. The firm has a market cap of $26.06 billion, a P/E ratio of -31.83, a P/E/G ratio of 2.42 and a beta of 0.52. The company has a current ratio of 2.12, a quick ratio of 1.72 and a debt-to-equity ratio of 0.31. Newmont Co. has a 1-year low of $32.54 and a 1-year high of $52.76. The business’s 50 day moving average is $38.02 and its 200-day moving average is $38.44.

Insider Transactions at Newmont

In other news, COO Robert D. Atkinson sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $40.25, for a total value of $221,375.00. Following the transaction, the chief operating officer now directly owns 59,751 shares of the company’s stock, valued at approximately $2,404,977.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.

About Newmont

(Free Report)

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, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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