Montero Mining and Exploration Ltd (NYSE:MON) Position Boosted by Whittier Trust Co.

Whittier Trust Co. raised its stake in shares of Montero Mining and Exploration Ltd (NYSE:MON) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,321 shares of the company’s stock after buying an additional 1,124 shares during the period. Whittier Trust Co.’s holdings in Montero Mining and Exploration were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Financial Partners Inc. acquired a new stake in shares of Montero Mining and Exploration during the second quarter worth approximately $114,000. Bruderman Asset Management LLC bought a new position in Montero Mining and Exploration during the second quarter valued at approximately $116,000. Tower Research Capital LLC TRC raised its position in Montero Mining and Exploration by 230.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the company’s stock valued at $128,000 after acquiring an additional 750 shares in the last quarter. JNBA Financial Advisors raised its position in Montero Mining and Exploration by 3.9% during the first quarter. JNBA Financial Advisors now owns 1,193 shares of the company’s stock valued at $135,000 after acquiring an additional 45 shares in the last quarter. Finally, Armbruster Capital Management Inc. raised its position in Montero Mining and Exploration by 12.2% during the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the company’s stock valued at $136,000 after acquiring an additional 125 shares in the last quarter.

In other Montero Mining and Exploration news, VP Duraiswami Narain sold 2,860 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of C$120.00, for a total transaction of C$343,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven Mizell sold 11,526 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of C$119.70, for a total value of C$1,379,662.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,236 shares of company stock worth $5,931,934.

A number of research firms have recently commented on MON. Zacks Investment Research raised shares of Montero Mining and Exploration from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, September 4th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price target on shares of Montero Mining and Exploration in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $128.00 target price on shares of Montero Mining and Exploration in a research report on Friday, September 15th. BidaskClub downgraded shares of Montero Mining and Exploration from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Macquarie downgraded shares of Montero Mining and Exploration from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$124.61.

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Montero Mining and Exploration Ltd (NYSE MON) traded up C$0.93 during midday trading on Friday, hitting C$118.30. The stock had a trading volume of 2,330,000 shares, compared to its average volume of 2,770,000. Montero Mining and Exploration Ltd has a 12 month low of C$97.35 and a 12 month high of C$122.79.

Montero Mining and Exploration (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 4th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.41) by C$0.61. Montero Mining and Exploration had a return on equity of 1.24% and a net margin of 0.93%. The business had revenue of C$2.69 billion for the quarter, compared to analysts’ expectations of C$2.51 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.

About Montero Mining and Exploration

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

Institutional Ownership by Quarter for Montero Mining and Exploration (NYSE:MON)

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