45,828 Shares in Newmont Corporation $NEM Purchased by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. bought a new stake in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 45,828 shares of the basic materials company’s stock, valued at approximately $3,858,000.

A number of other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in shares of Newmont by 40.3% in the third quarter. Bessemer Group Inc. now owns 18,144 shares of the basic materials company’s stock valued at $1,530,000 after acquiring an additional 5,210 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Newmont by 8.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 45,967 shares of the basic materials company’s stock valued at $3,875,000 after purchasing an additional 3,395 shares in the last quarter. Optimize Financial Inc acquired a new position in shares of Newmont during the 3rd quarter valued at $327,000. Savant Capital LLC raised its stake in shares of Newmont by 52.0% in the 3rd quarter. Savant Capital LLC now owns 45,477 shares of the basic materials company’s stock worth $3,834,000 after buying an additional 15,561 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new stake in shares of Newmont in the third quarter valued at $3,549,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank lifted their target price on Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Raymond James Financial increased their target price on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, National Bankshares upped their price target on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $117.11.

Newmont Price Performance

NEM stock opened at $108.40 on Friday. Newmont Corporation has a one year low of $41.23 and a one year high of $134.88. The firm has a 50-day moving average of $106.55 and a two-hundred day moving average of $88.41. The firm has a market capitalization of $118.29 billion, a PE ratio of 16.83, a P/E/G ratio of 0.89 and a beta of 0.40. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the firm’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 transaction, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

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.