22,817 Shares in Newmont Corporation $NEM Bought by Atlatl Advisers LLC

Atlatl Advisers LLC purchased a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,817 shares of the basic materials company’s stock, valued at approximately $1,924,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Estate Counselors LLC acquired a new position in Newmont during the third quarter valued at $4,182,000. AustralianSuper Pty Ltd boosted its position in Newmont by 124.8% during the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after purchasing an additional 183,360 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in Newmont by 286.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock worth $5,101,000 after buying an additional 44,846 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Newmont by 176.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 447,960 shares of the basic materials company’s stock worth $26,098,000 after acquiring an additional 285,897 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock valued at $362,888,000 after acquiring an additional 2,723,044 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NEM stock opened at $112.30 on Monday. The firm’s 50 day moving average price is $104.52 and its two-hundred day moving average price is $87.27. 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 Corporation has a 52-week low of $41.23 and a 52-week high of $134.88. The stock has a market cap of $122.55 billion, a PE ratio of 17.44, a PEG ratio of 0.86 and a beta of 0.40.

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 stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEM. The Goldman Sachs Group raised their price target on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research report on Monday, January 12th. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. DZ Bank raised Newmont to a “strong-buy” rating in a report on Monday, January 19th. Bank of America boosted their price target on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group upped their target price on shares of Newmont from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $112.38.

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.