Caprock Group LLC Purchases Shares of 69,319 Newmont Corporation $NEM

Caprock Group LLC purchased a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 69,319 shares of the basic materials company’s stock, valued at approximately $5,844,000.

Other large investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its stake in shares of Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after buying an additional 236 shares in the last quarter. Concord Wealth Partners increased its stake in shares of Newmont by 534.7% during the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 385 shares during the last quarter. Evermay Wealth Management LLC lifted its stake in Newmont by 408.2% in the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Capital A Wealth Management LLC grew its holdings in Newmont by 1,648.3% during the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares during the period. Finally, Caldwell Trust Co acquired a new position in Newmont during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated 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 in the company, valued at $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NEM shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $177.00 price objective on shares of Newmont in a research report on Wednesday, February 4th. Canaccord Genuity Group raised their price target on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. UBS Group reissued a “buy” rating and issued a $160.00 price objective on shares of Newmont in a research report on Friday, January 30th. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, National Bankshares lifted their target price on shares of Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.49.

Newmont Stock Up 0.6%

NEM opened at $121.40 on Wednesday. The stock has a fifty day moving average of $108.24 and a 200-day moving average of $89.99. The company has a market capitalization of $132.48 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.93 and a beta of 0.40. Newmont Corporation has a fifty-two week low of $41.23 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04.

Newmont Company Profile

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.