Ethic Inc. Makes New $495,000 Investment in Newmont Co. (NYSE:NEM)

Ethic Inc. purchased a new stake in shares of Newmont Co. (NYSE:NEM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,299 shares of the basic materials company's stock, valued at approximately $495,000.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its stake in shares of Newmont by 66.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in Newmont in the 4th quarter valued at $37,000. Promus Capital LLC acquired a new position in shares of Newmont in the 4th quarter valued at $38,000. Kestra Investment Management LLC bought a new position in shares of Newmont during the 4th quarter worth about $43,000. Finally, Assetmark Inc. increased its stake in Newmont by 185.9% in the fourth quarter. Assetmark Inc. now owns 1,261 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 820 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NEM shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a research note on Thursday, April 24th. Scotiabank restated a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Royal Bank of Canada upped their price objective on Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Argus set a $63.00 price target on shares of Newmont in a research report on Friday, April 25th. Finally, Cfra Research raised shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $56.52.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.48, for a total transaction of $106,923.96. Following the completion of the sale, the director now owns 47,257 shares of the company's stock, valued at approximately $2,432,790.36. The trade was a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the completion of the transaction, the executive vice president now directly owns 86,526 shares in the company, valued at approximately $3,782,051.46. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,154 shares of company stock worth $328,840. Company insiders own 0.05% of the company's stock.

Newmont Stock Up 2.1%

NEM traded up $1.09 during trading hours on Tuesday, hitting $52.02. 6,558,422 shares of the company's stock were exchanged, compared to its average volume of 10,063,131. The stock has a market cap of $57.90 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 0.41 and a beta of 0.31. Newmont Co. has a 1-year low of $36.86 and a 1-year high of $58.72. The stock's 50-day moving average is $50.48 and its two-hundred day moving average is $45.00. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter last year, the company earned $0.55 EPS. Sell-side analysts predict that Newmont Co. will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is presently 22.42%.

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.