Newmont Co. (NYSE:NEM) Shares Acquired by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC boosted its holdings in Newmont Co. (NYSE:NEM) by 66.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880 shares of the basic materials company’s stock after acquiring an additional 350 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Newmont were worth $33,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NEM. Hoese & Co LLP bought a new position in Newmont in the 3rd quarter valued at about $27,000. Avior Wealth Management LLC lifted its stake in shares of Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 326 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Newmont in the third quarter valued at approximately $28,000. Highline Wealth Partners LLC acquired a new position in shares of Newmont during the third quarter valued at approximately $32,000. Finally, McIlrath & Eck LLC raised its holdings in Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Trading Up 0.9 %

Newmont stock opened at $43.11 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont Co. has a 12 month low of $29.42 and a 12 month high of $58.72. The company’s fifty day simple moving average is $40.26 and its 200-day simple moving average is $46.61. The stock has a market cap of $49.07 billion, a P/E ratio of -28.36, a P/E/G ratio of 0.36 and a beta of 0.52.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the firm’s 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 transaction, the director now directly owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry M. Iv Conger purchased 9,498 shares of the stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the acquisition, the director now owns 14,498 shares of the company’s stock, valued at approximately $611,090.70. The trade was a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 14,077 shares of company stock valued at $563,080. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEM. Royal Bank of Canada dropped their price objective 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. Raymond James cut their price target on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a report on Monday, November 25th. CLSA started coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating on the stock. Scotiabank reduced their target price on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.44.

Newmont 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.