Peter Toth Sells 3,000 Shares of Newmont Co. (NYSE:NEM) Stock

Newmont Co. (NYSE:NEM) EVP Peter Toth sold 3,000 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 $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares of the company’s stock, valued at $3,413,872.44. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Peter Toth also recently made the following trade(s):

• On Friday, January 10th, Peter Toth sold 3,000 shares of Newmont stock. The stock was sold at an average price of $40.00, for a total value of $120,000.00.

Newmont Stock Down 0.1 %

NEM opened at $44.93 on Friday. 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 firm has a market cap of $51.14 billion, a P/E ratio of -29.56, a PEG 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. The business’s fifty day simple moving average is $40.35 and its 200 day simple moving average is $46.54.

Analyst Ratings Changes

Several research firms have issued reports on NEM. The Goldman Sachs Group began coverage on Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.20 price objective for the company. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Royal Bank of Canada cut their price objective on Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 24th. Bernstein Bank increased their price objective on Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.44.

Institutional Trading of Newmont

A number of large investors have recently made changes to their positions in NEM. Hoese & Co LLP acquired a new stake in Newmont in the 3rd quarter worth about $27,000. Avior Wealth Management LLC raised 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 purchasing an additional 326 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Newmont in the 3rd quarter worth about $28,000. Highline Wealth Partners LLC purchased a new position in shares of Newmont in the 3rd quarter worth about $32,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Newmont by 66.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.