Newmont Corporation $NEM Shares Acquired by Cypress Capital Group

Cypress Capital Group lifted its holdings in Newmont Corporation (NYSE:NEM) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,774 shares of the basic materials company’s stock after buying an additional 5,225 shares during the period. Cypress Capital Group’s holdings in Newmont were worth $4,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Concord Wealth Partners lifted its position in shares of Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 385 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in Newmont by 408.2% in the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after buying an additional 400 shares during the last quarter. Capital A Wealth Management LLC boosted its holdings in Newmont by 1,648.3% in the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new stake in Newmont during the second quarter worth approximately $31,000. Finally, Country Trust Bank purchased a new stake in shares of Newmont during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

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

Newmont Price Performance

Shares of NYSE NEM opened at $127.00 on Friday. The stock has a fifty day moving average price of $103.95 and a 200 day moving average price of $86.50. Newmont Corporation has a 1-year low of $41.23 and a 1-year high of $134.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The company has a market cap of $138.59 billion, a PE ratio of 19.72, a P/E/G ratio of 1.01 and a beta of 0.41.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Newmont from $120.00 to $136.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. TD Securities upped their price objective on shares of Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Bank of America upped their target price on Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada raised their target price on shares of Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Six research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $105.88.

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.