Bruce R. Brook Sells 2,077 Shares of Newmont Co. (NYSE:NEM) Stock

Newmont Co. (NYSE:NEM) Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $89,082.53. Following the transaction, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. The trade was a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Newmont Price Performance

Shares of NYSE NEM opened at $44.93 on Friday. Newmont Co. has a 12-month low of $29.42 and a 12-month high of $58.72. 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 stock has a 50 day simple moving average of $40.35 and a 200-day simple moving average of $46.54.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Freestone Capital Holdings LLC acquired a new stake in Newmont in the fourth quarter worth about $1,270,000. Ethos Financial Group LLC bought a new stake in Newmont during the fourth quarter worth approximately $56,000. Raymond James Financial Inc. bought a new position in Newmont during the 4th quarter valued at $35,117,000. Promus Capital LLC acquired a new position in shares of Newmont during the 4th quarter valued at $38,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Newmont by 10.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 220,140 shares of the basic materials company’s stock worth $8,194,000 after buying an additional 20,281 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Scotiabank lowered their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Raymond James decreased their price target on shares of Newmont from $62.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, CLSA began coverage on shares of Newmont in a research note on Friday, November 29th. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

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.