Mercer Global Advisors Inc. ADV Sells 2,565 Shares of Newmont Co. (NYSE:NEM)

Mercer Global Advisors Inc. ADV trimmed its position in shares of Newmont Co. (NYSE:NEM) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,448 shares of the basic materials company’s stock after selling 2,565 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Newmont were worth $1,170,000 at the end of the most recent quarter.

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

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred 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 transaction, the executive vice president now owns 86,526 shares of the company’s stock, valued at $3,782,051.46. This trade represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction that occurred on 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 directly owns 47,257 shares of the company’s stock, valued at $2,432,790.36. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,154 shares of company stock worth $328,840 in the last three months. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NEM shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Newmont in a report on Thursday, April 24th. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. UBS Group upgraded Newmont from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $60.00 in a research note on Friday, April 11th. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, Royal Bank of Canada increased their target price on shares of Newmont from $51.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.63.

Newmont Trading Up 2.1 %

Shares of NEM opened at $53.93 on Friday. The stock’s fifty day simple moving average is $49.69 and its 200-day simple 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. The firm has a market capitalization of $60.02 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. Newmont Co. has a 12-month low of $36.86 and a 12-month high of $58.72.

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

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 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.