Aptus Capital Advisors LLC Acquires New Shares in Newmont Co. (NYSE:NEM)

Aptus Capital Advisors LLC acquired a new position in Newmont Co. (NYSE:NEMFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,113 shares of the basic materials company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Choreo LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $217,000. Huntington National Bank lifted its holdings in Newmont by 62.7% in the 3rd quarter. Huntington National Bank now owns 6,589 shares of the basic materials company’s stock worth $243,000 after buying an additional 2,540 shares during the period. Pathstone Family Office LLC lifted its holdings in Newmont by 448.3% in the 3rd quarter. Pathstone Family Office LLC now owns 44,191 shares of the basic materials company’s stock worth $1,634,000 after buying an additional 36,131 shares during the period. KCM Investment Advisors LLC raised its position in shares of Newmont by 5.8% in the 3rd quarter. KCM Investment Advisors LLC now owns 8,945 shares of the basic materials company’s stock worth $331,000 after acquiring an additional 489 shares in the last quarter. Finally, AMG National Trust Bank raised its position in shares of Newmont by 4.5% in the 3rd quarter. AMG National Trust Bank now owns 73,559 shares of the basic materials company’s stock worth $2,718,000 after acquiring an additional 3,179 shares in the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

Analysts Set New Price Targets

NEM has been the subject of several research reports. Royal Bank of Canada decreased their target price on Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday. UBS Group decreased their target price on Newmont from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, December 13th. Raymond James decreased their target price on Newmont from $59.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. TD Securities lowered Newmont from a “buy” rating to a “hold” rating and set a $46.00 target price for the company. in a research report on Tuesday, January 9th. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Newmont in a research report on Wednesday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $54.76.

Read Our Latest Report on NEM

Insiders Place Their Bets

In other Newmont news, COO Robert D. Atkinson sold 5,500 shares of Newmont stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $41.26, for a total value of $226,930.00. Following the completion of the sale, the chief operating officer now owns 54,251 shares of the company’s stock, valued at approximately $2,238,396.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Newmont Stock Down 1.6 %

Newmont stock opened at $32.79 on Monday. The firm has a market cap of $26.06 billion, a price-to-earnings ratio of -31.83, a PEG ratio of 2.42 and a beta of 0.52. The stock has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $38.44. Newmont Co. has a 12 month low of $32.54 and a 12 month high of $52.76. The company has a current ratio of 2.12, a quick ratio of 1.72 and a debt-to-equity ratio of 0.31.

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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