Newmont Mining Corp (NEM) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,208 shares of the basic materials company’s stock after acquiring an additional 48,840 shares during the quarter. Aperio Group LLC owned approximately 0.07% of Newmont Mining worth $13,252,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Carmignac Gestion lifted its holdings in Newmont Mining by 8.0% during the third quarter. Carmignac Gestion now owns 15,346,347 shares of the basic materials company’s stock worth $575,641,000 after acquiring an additional 1,141,466 shares during the period. Bank of New York Mellon Corp lifted its holdings in Newmont Mining by 12.2% during the third quarter. Bank of New York Mellon Corp now owns 10,596,020 shares of the basic materials company’s stock worth $397,458,000 after acquiring an additional 1,150,995 shares during the period. Flossbach Von Storch AG lifted its holdings in Newmont Mining by 2.5% during the third quarter. Flossbach Von Storch AG now owns 8,072,121 shares of the basic materials company’s stock worth $302,785,000 after acquiring an additional 198,935 shares during the period. First Eagle Investment Management LLC lifted its holdings in Newmont Mining by 159.2% during the third quarter. First Eagle Investment Management LLC now owns 4,207,739 shares of the basic materials company’s stock worth $157,832,000 after acquiring an additional 2,584,318 shares during the period. Finally, Global Thematic Partners LLC lifted its holdings in Newmont Mining by 44.2% during the fourth quarter. Global Thematic Partners LLC now owns 4,103,076 shares of the basic materials company’s stock worth $153,947,000 after acquiring an additional 1,258,566 shares during the period. Institutional investors and hedge funds own 81.88% of the company’s stock.

In related news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $36.98, for a total transaction of $36,980.00. Following the completion of the transaction, the insider now directly owns 334,730 shares in the company, valued at $12,378,315.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $36.98, for a total value of $46,225.00. Following the transaction, the chief operating officer now owns 85,612 shares of the company’s stock, valued at $3,165,931.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is owned by company insiders.

Newmont Mining Corp (NEM) opened at $39.08 on Thursday. The firm has a market capitalization of $19,744.12, a price-to-earnings ratio of 260.00 and a beta of 0.24. Newmont Mining Corp has a 52-week low of $31.42 and a 52-week high of $42.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.18 and a quick ratio of 3.58.

A number of analysts recently commented on NEM shares. B. Riley reiterated a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Zacks Investment Research upgraded Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 18th. TheStreet lowered Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. BMO Capital Markets set a $45.00 target price on Newmont Mining and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, TD Securities set a $42.00 target price on Newmont Mining and gave the company a “hold” rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.80.

COPYRIGHT VIOLATION WARNING: This report was first reported by Week Herald and is owned by of Week Herald. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://weekherald.com/2018/02/15/aperio-group-llc-buys-48840-shares-of-newmont-mining-corp-nem.html.

About Newmont Mining

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

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

Receive News & Ratings for Newmont Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply