Guidance Capital Inc. Invests $439,000 in Newmont Corporation (NYSE:NEM)

Guidance Capital Inc. purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,515 shares of the basic materials company's stock, valued at approximately $439,000.

A number of other institutional investors have also recently made changes to their positions in NEM. Bessemer Group Inc. boosted its holdings in Newmont by 13.2% in the first quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company's stock worth $569,000 after acquiring an additional 1,379 shares in the last quarter. First Trust Advisors LP boosted its holdings in Newmont by 9.9% in the fourth quarter. First Trust Advisors LP now owns 96,040 shares of the basic materials company's stock worth $3,575,000 after acquiring an additional 8,678 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Newmont in the first quarter worth approximately $423,000. Spire Wealth Management boosted its holdings in Newmont by 125.0% in the first quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company's stock worth $114,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Newmont by 773.7% in the fourth quarter. Teacher Retirement System of Texas now owns 67,461 shares of the basic materials company's stock worth $2,511,000 after acquiring an additional 59,740 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the completion of the transaction, the director directly owned 43,103 shares of the company's stock, valued at approximately $2,532,301.25. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is owned by corporate insiders.

Newmont Stock Performance

NYSE NEM traded up $0.15 on Thursday, hitting $61.57. 13,097,072 shares of the stock traded hands, compared to its average volume of 12,121,975. The business's fifty day moving average is $56.50 and its two-hundred day moving average is $50.11. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $62.56. The firm has a market capitalization of $68.52 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.92 and a beta of 0.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. Newmont had a return on equity of 15.75% and a net margin of 25.77%. As a group, equities analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on NEM shares. National Bankshares reiterated a "sector perform" rating on shares of Newmont in a report on Tuesday, June 24th. Royal Bank Of Canada increased their price target on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Stifel Canada raised Newmont to a "strong-buy" rating in a research note on Tuesday, July 8th. Scotiabank reissued a "sector perform" rating on shares of Newmont in a research note on Monday, April 14th. Finally, Argus set a $63.00 price objective on Newmont in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Newmont currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.49.

Newmont Company 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.