S.A. Mason LLC Increases Position in Newmont Co. (NYSE:NEM)

S.A. Mason LLC lifted its holdings in shares of Newmont Co. (NYSE:NEM) by 97.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,845 shares of the basic materials company’s stock after buying an additional 2,885 shares during the quarter. S.A. Mason LLC’s holdings in Newmont were worth $218,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp raised its stake in shares of Newmont by 8.1% during the second quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company’s stock worth $6,295,000 after purchasing an additional 11,276 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Newmont by 12.1% during the second quarter. Cetera Investment Advisers now owns 230,761 shares of the basic materials company’s stock worth $9,662,000 after acquiring an additional 24,867 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Newmont by 21.0% in the second quarter. Clearbridge Investments LLC now owns 40,514 shares of the basic materials company’s stock valued at $1,696,000 after buying an additional 7,020 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Newmont in the second quarter valued at $682,000. Finally, Czech National Bank grew its stake in shares of Newmont by 6.4% during the 3rd quarter. Czech National Bank now owns 233,743 shares of the basic materials company’s stock worth $12,494,000 after purchasing an additional 14,002 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction 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 sale, the director now directly owns 52,070 shares of the company’s stock, valued at $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Natascha Viljoen sold 9,000 shares of the firm’s 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 $360,000.00. Following the completion of the sale, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,077 shares of company stock valued at $563,080 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Newmont from a “neutral” rating to an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group assumed coverage on Newmont in a research report on Monday, January 13th. They set a “buy” rating and a $47.20 target price on the stock. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Bernstein Bank lifted their price objective on Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Finally, UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

Newmont Price Performance

NEM stock opened at $42.71 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $40.26 and its two-hundred day moving average is $46.62. The company has a market capitalization of $48.63 billion, a PE ratio of -28.10, a P/E/G ratio of 0.36 and a beta of 0.52. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72.

About Newmont

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.