Ameritas Advisory Services LLC Has $627,000 Stock Holdings in Newmont Corporation $NEM

Ameritas Advisory Services LLC decreased its position in Newmont Corporation (NYSE:NEM) by 22.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,757 shares of the basic materials company’s stock after selling 3,203 shares during the period. Ameritas Advisory Services LLC’s holdings in Newmont were worth $627,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Newmont by 4.3% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,075 shares of the basic materials company’s stock valued at $2,277,000 after acquiring an additional 1,597 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Newmont in the 2nd quarter valued at approximately $19,016,000. Hilltop National Bank bought a new stake in Newmont during the 2nd quarter worth approximately $1,472,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Newmont by 3.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,848 shares of the basic materials company’s stock worth $11,061,000 after buying an additional 6,918 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its stake in Newmont by 124.3% in the second quarter. J. Safra Sarasin Holding AG now owns 78,651 shares of the basic materials company’s stock valued at $4,582,000 after buying an additional 43,584 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NYSE NEM opened at $86.86 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The stock has a 50 day moving average price of $74.37 and a 200 day moving average price of $61.27. The stock has a market capitalization of $95.41 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.34. Newmont Corporation has a 52 week low of $36.86 and a 52 week high of $87.93.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The business’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. Analysts predict that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, September 4th. Newmont’s dividend payout ratio (DPR) is 17.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NEM shares. UBS Group raised their price objective on shares of Newmont from $70.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group lifted their price target on Newmont from $63.10 to $77.30 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Scotiabank upped their price objective on Newmont from $69.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Monday, July 28th. BNP Paribas Exane lifted their target price on Newmont from $66.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, National Bank Financial upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.18.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the transaction, the director owned 36,869 shares of the company’s stock, valued at $3,133,496.31. The trade was a 5.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $63.66, for a total value of $190,980.00. Following the completion of the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at approximately $3,739,133.76. The trade was a 4.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,249 shares of company stock worth $1,132,065. Insiders own 0.05% of the company’s stock.

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.