Newmont Co. (NYSE:NEM) COO Natascha Viljoen Sells 9,000 Shares

Newmont Co. (NYSE:NEM) COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $386,010.00. Following the transaction, the chief operating officer now directly owns 136,967 shares in the company, valued at approximately $5,874,514.63. This represents a 6.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Natascha Viljoen also recently made the following trade(s):

• On Friday, January 10th, Natascha Viljoen sold 9,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total value of $360,000.00.

Newmont Stock Performance

Shares of NYSE NEM opened at $44.98 on Thursday. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The stock’s 50 day simple moving average is $40.29 and its 200 day simple moving average is $46.55.

Institutional Investors Weigh In On Newmont

A number of hedge funds have recently added to or reduced their stakes in NEM. Avior Wealth Management LLC increased its holdings 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. Hoese & Co LLP bought a new position in Newmont in the 3rd quarter worth about $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Newmont in the third quarter valued at approximately $28,000. Highline Wealth Partners LLC bought a new stake in shares of Newmont during the third quarter valued at approximately $32,000. Finally, McIlrath & Eck LLC boosted its position in shares of 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 buying an additional 361 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James decreased their target price on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, November 25th. Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Bernstein Bank boosted their price target on Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Royal Bank of Canada lowered their price objective on Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group downgraded 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 report on Wednesday, October 30th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

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.