Keybank National Association OH Purchases 13,672 Shares of Newmont Corporation $NEM

Keybank National Association OH boosted its position in Newmont Corporation (NYSE:NEM) by 1.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 976,733 shares of the basic materials company’s stock after acquiring an additional 13,672 shares during the quarter. Keybank National Association OH’s holdings in Newmont were worth $82,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP grew its holdings in Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after buying an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Newmont in the 2nd quarter worth approximately $240,000. HB Wealth Management LLC lifted its holdings in shares of Newmont by 39.9% during the second quarter. HB Wealth Management LLC now owns 27,719 shares of the basic materials company’s stock worth $1,615,000 after buying an additional 7,904 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Newmont by 2,003.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,581,171 shares of the basic materials company’s stock valued at $92,119,000 after acquiring an additional 1,506,010 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the sale, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,160 shares of company stock worth $767,206 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Newmont Price Performance

Shares of Newmont stock opened at $112.30 on Friday. The firm has a market cap of $122.55 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 0.97 and a beta of 0.41. The firm’s 50-day simple moving average is $104.52 and its 200-day simple moving average is $86.86. Newmont Corporation has a twelve month low of $41.23 and a twelve month high of $134.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04.

Analyst Ratings Changes

A number of brokerages recently issued reports on NEM. Citigroup reaffirmed a “buy” rating on shares of Newmont in a research report on Monday, January 12th. Canaccord Genuity Group boosted their price objective on shares of Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. BNP Paribas Exane lowered shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price objective for the company. in a research report on Friday, December 5th. TD Securities lifted their target price on Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price target on Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $107.83.

Newmont Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.