MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 108,310 Shares of Newmont Co. (NYSE:NEM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Newmont Co. (NYSE:NEM) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of Newmont by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company’s stock valued at $1,851,606,000 after buying an additional 797,445 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Newmont by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company’s stock valued at $919,484,000 after buying an additional 1,213,397 shares during the last quarter. Norges Bank bought a new stake in shares of Newmont during the fourth quarter valued at approximately $626,074,000. Northern Trust Corp raised its position in shares of Newmont by 11.5% during the fourth quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company’s stock valued at $474,263,000 after buying an additional 1,309,177 shares during the last quarter. Finally, Amundi raised its position in shares of Newmont by 14.0% during the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company’s stock valued at $481,400,000 after buying an additional 1,507,708 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Up 0.5%

NYSE NEM opened at $50.09 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $50.33 and a two-hundred day moving average of $44.98. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.41 and a beta of 0.31. Newmont Co. has a 52 week low of $36.86 and a 52 week high of $58.72.

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

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio is currently 22.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NEM shares. Argus set a $63.00 price objective on shares of Newmont in a research report on Friday, April 25th. National Bankshares restated a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Scotiabank restated a “sector perform” rating on shares of Newmont in a research report on Monday, April 14th. Finally, Cfra Research upgraded shares of Newmont to a “strong-buy” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of $56.52.

Insider Activity

In other news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the sale, the director now directly owns 47,916 shares of the company’s stock, valued at approximately $2,094,408.36. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the sale, the executive vice president now directly owns 86,526 shares of the company’s stock, valued at $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 ninety days, insiders sold 7,154 shares of company stock valued at $328,840. 0.05% of the stock is currently owned by company insiders.

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.