Wilkins Investment Counsel Inc. Lowers Stake in Newmont Mining Corp (NEM)

Wilkins Investment Counsel Inc. decreased its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 356,735 shares of the basic materials company’s stock after selling 1,500 shares during the period. Newmont Mining accounts for about 4.0% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 3rd biggest position. Wilkins Investment Counsel Inc.’s holdings in Newmont Mining were worth $13,385,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Tiedemann Wealth Management LLC grew its holdings in Newmont Mining by 66.5% during the third quarter. Tiedemann Wealth Management LLC now owns 14,862 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 5,938 shares during the period. Exane Derivatives acquired a new position in Newmont Mining during the fourth quarter valued at approximately $208,000. Parametrica Management Ltd acquired a new position in Newmont Mining during the third quarter valued at approximately $222,000. Tower Bridge Advisors acquired a new position in Newmont Mining during the fourth quarter valued at approximately $242,000. Finally, Meeder Asset Management Inc. acquired a new position in Newmont Mining during the fourth quarter valued at approximately $250,000. Institutional investors own 81.88% of the company’s stock.

Newmont Mining Corp (NYSE NEM) traded down $0.26 during midday trading on Thursday, reaching $38.74. 689,481 shares of the company’s stock traded hands, compared to its average volume of 5,586,011. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58. Newmont Mining Corp has a 1 year low of $31.42 and a 1 year high of $42.04. The company has a market capitalization of $19,744.12, a price-to-earnings ratio of 260.00 and a beta of 0.24.

In other Newmont Mining news, COO Thomas Ronald Palmer sold 1,250 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $36.98, for a total transaction of $46,225.00. Following the sale, the chief operating officer now directly owns 85,612 shares of the company’s stock, valued at $3,165,931.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary J. Goldberg sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $36.98, for a total transaction of $36,980.00. Following the sale, the insider now directly owns 334,730 shares in the company, valued at $12,378,315.40. The disclosure for this sale can be found here. Insiders have sold 27,700 shares of company stock worth $1,050,806 over the last ninety days. Insiders own 0.32% of the company’s stock.

A number of research analysts recently issued reports on NEM shares. Deutsche Bank cut shares of Newmont Mining from a “buy” rating to a “hold” rating and decreased their price objective for the company from $42.00 to $40.00 in a report on Tuesday, January 16th. TheStreet cut shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and set a $43.00 price objective on shares of Newmont Mining in a report on Wednesday, December 20th. Finally, TD Securities set a $42.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.80.

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Newmont Mining Company Profile

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

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Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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