SG Americas Securities LLC Has $3.98 Million Holdings in Newmont Co. (NYSE:NEM)

SG Americas Securities LLC trimmed its position in Newmont Co. (NYSE:NEM) by 86.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 106,987 shares of the basic materials company’s stock after selling 694,348 shares during the period. SG Americas Securities LLC’s holdings in Newmont were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Newmont by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock worth $1,253,457,000 after acquiring an additional 326,243 shares during the period. Legal & General Group Plc boosted its holdings in Newmont by 1.4% during the second quarter. Legal & General Group Plc now owns 8,071,845 shares of the basic materials company’s stock valued at $337,909,000 after purchasing an additional 109,084 shares in the last quarter. FMR LLC raised its holdings in shares of Newmont by 21.1% in the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock worth $376,953,000 after buying an additional 1,226,697 shares in the last quarter. Swiss National Bank lifted its position in shares of Newmont by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,422,605 shares of the basic materials company’s stock worth $182,938,000 after buying an additional 9,500 shares during the period. Finally, National Pension Service boosted its stake in Newmont by 27.9% in the 3rd quarter. National Pension Service now owns 2,533,077 shares of the basic materials company’s stock valued at $135,393,000 after buying an additional 552,698 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Newmont Stock Performance

Shares of Newmont stock opened at $42.05 on Friday. The firm has a fifty day moving average of $40.33 and a two-hundred day moving average of $46.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of -27.66, a PEG ratio of 0.33 and a beta of 0.50. Newmont Co. has a 52 week low of $29.42 and a 52 week high of $58.72.

Newmont (NYSE:NEM) last issued its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. Newmont’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. As a group, equities research analysts predict that Newmont Co. will post 3.07 EPS for the current year.

Insider Activity at Newmont

In other Newmont 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 sale, the director now directly owns 52,070 shares in the company, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harry M. Iv Conger purchased 9,498 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $42.15 per share, with a total value of $400,340.70. Following the acquisition, the director now directly owns 14,498 shares in the company, valued at $611,090.70. This trade represents a 189.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 14,077 shares of company stock worth $563,080 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the topic of several analyst reports. UBS Group lowered shares of Newmont from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $67.00 to $54.00 in a report on Wednesday, October 30th. CLSA began coverage on shares of Newmont in a report on Friday, November 29th. They set an “underperform” rating for the company. Veritas upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, September 30th. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Scotiabank cut their price objective on Newmont from $52.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

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.