Union Bancaire Privee UBP SA Invests $7.51 Million in Newmont Co. (NYSE:NEM)

Union Bancaire Privee UBP SA purchased a new stake in shares of Newmont Co. (NYSE:NEM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 208,877 shares of the basic materials company’s stock, valued at approximately $7,508,000.

A number of other institutional investors also recently bought and sold shares of NEM. Thrivent Financial for Lutherans increased its stake in shares of Newmont by 18.5% during the second quarter. Thrivent Financial for Lutherans now owns 80,838 shares of the basic materials company’s stock valued at $3,385,000 after purchasing an additional 12,597 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Newmont by 73.8% during the second quarter. Public Sector Pension Investment Board now owns 44,338 shares of the basic materials company’s stock valued at $1,856,000 after purchasing an additional 18,823 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Newmont in the 2nd quarter worth $91,000. MBB Public Markets I LLC purchased a new stake in shares of Newmont during the 2nd quarter valued at about $2,819,000. Finally, The Manufacturers Life Insurance Company grew its position in Newmont by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 861,416 shares of the basic materials company’s stock valued at $36,067,000 after buying an additional 14,455 shares during the period. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the 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 completion of the transaction, the director now directly owns 52,070 shares in the company, valued at approximately $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 three months, insiders have sold 14,077 shares of company stock worth $563,080. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NEM shares. Raymond James cut their price objective on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Scotiabank lowered their target price on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. CLSA assumed coverage on Newmont in a report on Friday, November 29th. They set an “underperform” rating on the stock. Royal Bank of Canada decreased their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 24th. Finally, Veritas upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Newmont Stock Up 0.2 %

Newmont stock opened at $42.05 on Monday. Newmont Co. has a 1-year low of $29.42 and a 1-year high of $58.72. The company’s 50-day moving average is $40.35 and its 200 day moving average is $46.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

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.