Insider Selling: Newmont Co. (NYSE:NEM) EVP Sells $128,670.00 in Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares in the company, valued at $3,413,872.44. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peter Toth also recently made the following trade(s):

• On Friday, January 10th, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $40.00, for a total value of $120,000.00.

Newmont Stock Performance

NYSE:NEM opened at $44.85 on Friday. 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 firm has a market cap of $51.06 billion, a price-to-earnings ratio of -29.51, a price-to-earnings-growth ratio of 0.36 and a beta of 0.52. Newmont Co. has a twelve month low of $29.42 and a twelve month high of $58.72. The company has a 50-day moving average of $40.41 and a 200-day moving average of $46.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NEM shares. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. CIBC downgraded Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group began coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Institutional Trading of Newmont

Large investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in shares of Newmont by 72.1% during the fourth quarter. Wealthfront Advisers LLC now owns 291,256 shares of the basic materials company’s stock worth $10,841,000 after acquiring an additional 121,989 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its holdings in Newmont by 1.8% in the 4th quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 78,410 shares of the basic materials company’s stock valued at $2,918,000 after buying an additional 1,353 shares during the last quarter. Independent Advisor Alliance increased its position in Newmont by 19.0% during the fourth quarter. Independent Advisor Alliance now owns 13,103 shares of the basic materials company’s stock worth $488,000 after acquiring an additional 2,091 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Newmont by 5.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 195,409 shares of the basic materials company’s stock valued at $7,273,000 after buying an additional 10,014 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Newmont by 59.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 959,038 shares of the basic materials company’s stock valued at $35,695,000 after acquiring an additional 356,826 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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.