JB Capital LLC Buys 16,071 Shares of Newmont Co. (NYSE:NEM)

JB Capital LLC increased its stake in shares of Newmont Co. (NYSE:NEM) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,097 shares of the basic materials company’s stock after acquiring an additional 16,071 shares during the quarter. JB Capital LLC’s holdings in Newmont were worth $3,391,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEM. Avior Wealth Management LLC boosted its position in shares of Newmont by 191.8% during the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 326 shares during the last quarter. Hoese & Co LLP bought a new position in Newmont during the third quarter valued at $27,000. Prospera Private Wealth LLC purchased a new position in shares of Newmont in the 3rd quarter worth $28,000. Highline Wealth Partners LLC bought a new stake in shares of Newmont in the 3rd quarter worth about $32,000. Finally, McIlrath & Eck LLC raised its position in shares of Newmont by 80.6% during the 3rd quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after buying an additional 361 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 transaction, the chief operating officer now directly owns 145,967 shares of the company’s stock, valued at approximately $5,838,680. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the sale, the director now directly owns 52,070 shares in the company, valued at $2,082,800. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,077 shares of company stock worth $563,080 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Newmont Trading Down 0.9 %

Shares of NEM opened at $42.71 on Monday. Newmont Co. has a 1 year low of $29.42 and a 1 year high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $40.26 and a 200-day simple moving average of $46.62.

Analyst Ratings Changes

Several research analysts have commented on NEM shares. UBS Group lowered shares of Newmont from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. CIBC downgraded shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Finally, CLSA initiated coverage on Newmont in a research note on Friday, November 29th. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.44.

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.