UMB Bank n.a. Has $123,000 Holdings in Newmont Co. (NYSE:NEM)

UMB Bank n.a. decreased its stake in shares of Newmont Co. (NYSE:NEM) by 11.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,317 shares of the basic materials company’s stock after selling 433 shares during the period. UMB Bank n.a.’s holdings in Newmont were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Sei Investments Co. raised its position in shares of Newmont by 26.8% in the second quarter. Sei Investments Co. now owns 258,572 shares of the basic materials company’s stock valued at $10,826,000 after purchasing an additional 54,713 shares during the period. Thrivent Financial for Lutherans raised its holdings in Newmont by 18.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 80,838 shares of the basic materials company’s stock worth $3,385,000 after acquiring an additional 12,597 shares during the period. 1832 Asset Management L.P. lifted its position in Newmont by 107.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,221 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 632 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Newmont by 206.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,559 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 2,397 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of Newmont by 73.8% in the second quarter. Public Sector Pension Investment Board now owns 44,338 shares of the basic materials company’s stock valued at $1,856,000 after purchasing an additional 18,823 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Activity

In other Newmont news, Director Harry M. Iv Conger bought 9,498 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the purchase, the director now owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the sale, the executive vice president now directly owns 82,596 shares in the company, valued at approximately $3,303,840. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,077 shares of company stock worth $563,080. Insiders own 0.06% of the company’s stock.

Newmont Stock Up 0.6 %

Shares of NYSE NEM opened at $41.91 on Friday. Newmont Co. has a 52-week low of $29.42 and a 52-week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The business has a fifty day moving average of $40.31 and a two-hundred day moving average of $46.83. The stock has a market cap of $47.72 billion, a PE ratio of -27.57, a PEG ratio of 0.34 and a beta of 0.50.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The company’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. As a group, equities research analysts expect that Newmont Co. will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on NEM shares. The Goldman Sachs Group initiated coverage on Newmont in a research note on Monday, January 13th. They set a “buy” rating and a $47.20 target price for the company. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Jefferies Financial Group increased their price target on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 4th. Bernstein Bank boosted their price objective on shares of Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Finally, CLSA assumed coverage on shares of Newmont in a research note on Friday, November 29th. They issued an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.44.

Newmont Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.