Wilkins Investment Counsel Inc. Trims Stake in Newmont Mining Corp (NEM)

Wilkins Investment Counsel Inc. trimmed its holdings in shares of Newmont Mining Corp (NYSE:NEM) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 356,735 shares of the basic materials company’s stock after selling 1,500 shares during the period. Newmont Mining makes up about 4.0% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 3rd biggest position. Wilkins Investment Counsel Inc. owned 0.07% of Newmont Mining worth $13,385,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NEM. Exane Derivatives bought a new position in Newmont Mining during the 4th quarter valued at about $208,000. Parametrica Management Ltd bought a new position in Newmont Mining during the 3rd quarter valued at about $222,000. Tower Bridge Advisors bought a new position in Newmont Mining during the 4th quarter valued at about $242,000. Meeder Asset Management Inc. bought a new position in Newmont Mining during the 4th quarter valued at about $250,000. Finally, Timber Hill LLC bought a new position in Newmont Mining during the 3rd quarter valued at about $260,000. 81.88% of the stock is owned by institutional investors.

In other news, EVP E Randall Engel sold 5,700 shares of Newmont Mining stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $40.23, for a total transaction of $229,311.00. Following the completion of the sale, the executive vice president now owns 239,700 shares in the company, valued at approximately $9,643,131. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary J. Goldberg sold 1,000 shares of Newmont Mining stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $36.98, for a total transaction of $36,980.00. Following the sale, the insider now owns 334,730 shares of the company’s stock, valued at approximately $12,378,315.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is owned by corporate insiders.

Shares of Newmont Mining Corp (NYSE:NEM) traded down $0.26 during trading hours on Thursday, hitting $38.74. 689,481 shares of the stock traded hands, compared to its average volume of 5,586,011. Newmont Mining Corp has a 12 month low of $31.42 and a 12 month high of $42.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.58 and a current ratio of 4.18. The firm has a market cap of $19,744.12, a PE ratio of 260.00 and a beta of 0.24.

Several equities analysts recently issued reports on NEM shares. B. Riley reissued a “neutral” rating on shares of Newmont Mining in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Newmont Mining from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, October 18th. TheStreet downgraded shares of Newmont Mining from a “b-” rating to a “c” rating in a report on Friday, November 17th. BMO Capital Markets set a $45.00 price target on shares of Newmont Mining and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, TD Securities set a $42.00 price target on shares of Newmont Mining and gave the company a “hold” rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.80.

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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)

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