Sumitomo Mitsui Asset Management Company LTD Has $1.63 Million Position in Newmont Mining Corp (NYSE:NEM)

Sumitomo Mitsui Asset Management Company LTD lowered its stake in shares of Newmont Mining Corp (NYSE:NEM) by 2.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,917 shares of the basic materials company’s stock after selling 1,297 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Newmont Mining were worth $1,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new position in Newmont Mining in the 4th quarter valued at $33,000. CWM LLC raised its holdings in shares of Newmont Mining by 12.7% in the 4th quarter. CWM LLC now owns 2,817 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 317 shares during the period. Ipswich Investment Management Co. Inc. acquired a new stake in Newmont Mining during the 4th quarter valued at approximately $146,000. IFP Advisors Inc grew its position in shares of Newmont Mining by 39.4% in the 4th quarter. IFP Advisors Inc now owns 5,610 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 1,585 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Newmont Mining during the 3rd quarter valued at $225,000. Institutional investors own 84.62% of the company’s stock.

In other Newmont Mining news, CEO Gary J. Goldberg sold 4,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the sale, the chief executive officer now directly owns 138,533 shares in the company, valued at $4,554,965.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Nancy Buese sold 2,000 shares of Newmont Mining stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $32.88, for a total transaction of $65,760.00. Following the transaction, the chief financial officer now owns 36,379 shares in the company, valued at approximately $1,196,141.52. The disclosure for this sale can be found here. Insiders sold 32,750 shares of company stock worth $1,113,450 over the last ninety days. 0.36% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on NEM shares. B. Riley restated a “neutral” rating on shares of Newmont Mining in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday. TD Securities increased their target price on shares of Newmont Mining from $37.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, November 1st. CIBC lowered shares of Newmont Mining from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $41.00 in a research report on Tuesday, January 15th. Finally, Royal Bank of Canada set a $41.00 target price on shares of Newmont Mining and gave the stock a “sell” rating in a report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $41.31.

Shares of NYSE NEM opened at $33.23 on Thursday. The stock has a market capitalization of $17.79 billion, a PE ratio of 22.76 and a beta of 0.05. The company has a quick ratio of 4.02, a current ratio of 4.70 and a debt-to-equity ratio of 0.36. Newmont Mining Corp has a 52 week low of $29.06 and a 52 week high of $41.98.

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Newmont Mining Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of February 22, 2018, the company had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles.

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Institutional Ownership by Quarter for Newmont Mining (NYSE:NEM)

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