MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $11.92 Million Stake in Newmont Co. (NYSE:NEM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of Newmont Co. (NYSE:NEM - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,367 shares of the basic materials company's stock after selling 108,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Newmont were worth $11,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NEM. Brookstone Capital Management acquired a new stake in shares of Newmont during the 4th quarter valued at about $245,000. Miracle Mile Advisors LLC bought a new position in Newmont during the fourth quarter valued at approximately $275,000. Hennion & Walsh Asset Management Inc. raised its position in Newmont by 121.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,175 shares of the basic materials company's stock valued at $565,000 after acquiring an additional 8,315 shares in the last quarter. Procyon Advisors LLC lifted its stake in Newmont by 14.1% in the fourth quarter. Procyon Advisors LLC now owns 14,064 shares of the basic materials company's stock valued at $523,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in Newmont in the fourth quarter worth approximately $4,269,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NEM shares. Royal Bank of Canada lifted their price objective on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. Raymond James reaffirmed an "outperform" rating and set a $66.00 target price on shares of Newmont in a research report on Friday, April 25th. Argus set a $63.00 price target on Newmont in a report on Friday, April 25th. Finally, National Bankshares restated a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. One equities 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $56.52.

Insider Activity at Newmont

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

Newmont Stock Performance

Shares of NYSE NEM traded up $0.43 during mid-day trading on Wednesday, hitting $52.73. The company had a trading volume of 8,615,607 shares, compared to its average volume of 10,082,170. Newmont Co. has a 12 month low of $36.86 and a 12 month high of $58.72. The firm has a market cap of $58.68 billion, a P/E ratio of 18.01, a PEG ratio of 0.41 and a beta of 0.31. The business's 50-day simple moving average is $50.61 and its 200-day simple moving average is $45.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

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

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Newmont's dividend payout ratio (DPR) is presently 22.42%.

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.