Newmont Goldcorp Corp (NYSE:NEM) EVP Sells $130,130.00 in Stock

Newmont Goldcorp Corp (NYSE:NEM) EVP Stephen P. Gottesfeld sold 3,500 shares of Newmont Goldcorp stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $37.18, for a total value of $130,130.00. Following the completion of the transaction, the executive vice president now directly owns 180,404 shares in the company, valued at $6,707,420.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NEM stock opened at $37.61 on Monday. The firm has a market cap of $30.78 billion, a P/E ratio of 27.86 and a beta of -0.05. Newmont Goldcorp Corp has a fifty-two week low of $29.77 and a fifty-two week high of $41.23. The business’s 50 day moving average price is $38.26 and its 200-day moving average price is $36.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.76 and a current ratio of 2.18.

Newmont Goldcorp (NYSE:NEM) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.83 billion. Newmont Goldcorp had a return on equity of 4.71% and a net margin of 25.42%. Newmont Goldcorp’s quarterly revenue was up 57.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, equities analysts predict that Newmont Goldcorp Corp will post 1.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a $0.14 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.49%. Newmont Goldcorp’s dividend payout ratio is currently 41.48%.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Newmont Goldcorp by 27.8% during the second quarter. BlackRock Inc. now owns 109,649,438 shares of the basic materials company’s stock valued at $4,218,213,000 after purchasing an additional 23,820,369 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Newmont Goldcorp by 52.2% during the second quarter. Vanguard Group Inc. now owns 89,715,566 shares of the basic materials company’s stock valued at $3,451,358,000 after purchasing an additional 30,786,889 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Newmont Goldcorp by 33.0% during the second quarter. Van ECK Associates Corp now owns 37,040,057 shares of the basic materials company’s stock valued at $1,424,931,000 after purchasing an additional 9,198,168 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Newmont Goldcorp by 32.7% during the second quarter. Bank of New York Mellon Corp now owns 13,512,764 shares of the basic materials company’s stock valued at $519,836,000 after purchasing an additional 3,328,151 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Newmont Goldcorp by 13.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,868,501 shares of the basic materials company’s stock valued at $456,581,000 after purchasing an additional 1,380,005 shares in the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.

NEM has been the topic of a number of analyst reports. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Newmont Goldcorp in a research note on Wednesday, October 23rd. Baader Bank reaffirmed a “neutral” rating and issued a $52.33 price target on shares of Newmont Goldcorp in a research note on Monday, October 21st. BMO Capital Markets raised Newmont Goldcorp from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $45.00 to $50.00 in a research note on Wednesday, September 11th. TheStreet raised Newmont Goldcorp from a “c+” rating to a “b” rating in a research note on Tuesday, November 5th. Finally, Kepler Capital Markets reaffirmed a “sell” rating and issued a $43.00 price target on shares of Newmont Goldcorp in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.96.

Newmont Goldcorp Company Profile

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles.

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Insider Buying and Selling by Quarter for Newmont Goldcorp (NYSE:NEM)

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