Vanguard Personalized Indexing Management LLC Has $10.02 Million Holdings in Newmont Corporation $NEM

Vanguard Personalized Indexing Management LLC increased its stake in Newmont Corporation (NYSE:NEM) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 118,659 shares of the basic materials company’s stock after purchasing an additional 6,207 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Newmont were worth $10,016,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Newmont by 15.7% in the 4th 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 period. Woodline Partners LP grew its position in Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after buying an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Newmont during the second quarter worth about $240,000. ST Germain D J Co. Inc. increased its stake in Newmont by 92.3% during the second quarter. ST Germain D J Co. Inc. now owns 625 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Finally, Patton Fund Management Inc. acquired a new position in Newmont in the 2nd quarter valued at approximately $238,000. 68.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEM. CIBC set a $112.00 price objective on Newmont and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Argus increased their price target on shares of Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Finally, TD Securities raised their price target on shares of Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $105.88.

Insider Activity at Newmont

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

Newmont Price Performance

Newmont stock opened at $125.97 on Tuesday. The firm has a market capitalization of $137.46 billion, a P/E ratio of 19.56, a PEG ratio of 0.95 and a beta of 0.41. The business has a 50-day moving average of $101.35 and a 200-day moving average of $85.43. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. Newmont Corporation has a 1 year low of $40.85 and a 1 year high of $129.25.

About Newmont

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.