Peterson Wealth Services Has $154,000 Holdings in Newmont Co. (NYSE:NEM)

Peterson Wealth Services trimmed its position in shares of Newmont Co. (NYSE:NEM) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,143 shares of the basic materials company’s stock after selling 447 shares during the quarter. Peterson Wealth Services’ holdings in Newmont were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Core Alternative Capital lifted its stake in Newmont by 13.1% in the fourth quarter. Core Alternative Capital now owns 80,621 shares of the basic materials company’s stock valued at $3,001,000 after acquiring an additional 9,339 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Newmont by 29.6% in the 4th quarter. Savant Capital LLC now owns 14,411 shares of the basic materials company’s stock valued at $536,000 after purchasing an additional 3,292 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Newmont by 5.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 40,429 shares of the basic materials company’s stock worth $1,505,000 after purchasing an additional 1,925 shares in the last quarter. Robinson Value Management Ltd. increased its position in Newmont by 1.2% during the fourth quarter. Robinson Value Management Ltd. now owns 110,050 shares of the basic materials company’s stock worth $4,096,000 after buying an additional 1,253 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Newmont during the fourth quarter valued at about $290,000. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the transaction, the director now owns 52,070 shares in the company, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president now directly owns 82,596 shares of the company’s stock, valued at $3,303,840. The trade was a 3.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,154 shares of company stock valued at $1,166,843 over the last ninety days. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Bernstein Bank increased their price objective on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They issued a “buy” rating and a $47.20 price objective for the company. UBS Group lowered shares of Newmont from a “buy” rating to a “neutral” rating and lowered their target price for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. Finally, Scotiabank dropped their target price on shares of Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Newmont Trading Up 3.6 %

Shares of NEM stock opened at $46.44 on Tuesday. Newmont Co. has a 12 month low of $29.42 and a 12 month high of $58.72. The stock has a 50 day moving average of $40.47 and a two-hundred day moving average of $46.50. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont Company Profile

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.