Insider Selling: Newmont Goldcorp Corp (NYSE:NEM) CFO Sells 7,500 Shares of Stock

Newmont Goldcorp Corp (NYSE:NEM) CFO Nancy Buese sold 7,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $40.96, for a total transaction of $307,200.00. Following the completion of the sale, the chief financial officer now directly owns 44,944 shares in the company, valued at $1,840,906.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE NEM traded down $0.64 on Friday, hitting $38.70. 606,116 shares of the company were exchanged, compared to its average volume of 6,927,604. The company has a market cap of $32.30 billion, a PE ratio of 28.69 and a beta of -0.03. Newmont Goldcorp Corp has a 12 month low of $29.06 and a 12 month high of $41.23. The stock has a fifty day moving average of $38.77 and a 200-day moving average of $35.61. The company has a current ratio of 1.83, a quick ratio of 1.38 and a debt-to-equity ratio of 0.30.

Newmont Goldcorp (NYSE:NEM) last issued its earnings results on Thursday, July 25th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.29 billion. Newmont Goldcorp had a positive return on equity of 4.79% and a negative net margin of 1.03%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. On average, analysts expect that Newmont Goldcorp Corp will post 1.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.56 annualized dividend and a yield of 1.45%. Newmont Goldcorp’s payout ratio is 41.48%.

A number of equities research analysts have recently commented on NEM shares. TD Securities reduced their price objective on shares of Newmont Goldcorp from $52.00 to $50.00 and set an “action list buy” rating on the stock in a research note on Monday, August 19th. Barclays reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Newmont Goldcorp in a research note on Sunday, August 4th. TheStreet raised shares of Newmont Goldcorp from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. BMO Capital Markets began coverage on shares of Newmont Goldcorp in a research note on Wednesday, July 3rd. They set a “market perform” rating and a $45.00 target price on the stock. Finally, Citigroup raised shares of Newmont Goldcorp from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.96.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC raised its holdings in Newmont Goldcorp by 10.3% during the second quarter. Private Capital Group LLC now owns 3,061 shares of the basic materials company’s stock worth $115,000 after buying an additional 287 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Newmont Goldcorp by 65.6% during the second quarter. Parkside Financial Bank & Trust now owns 760 shares of the basic materials company’s stock worth $29,000 after buying an additional 301 shares during the last quarter. 6 Meridian raised its holdings in Newmont Goldcorp by 2.0% during the second quarter. 6 Meridian now owns 15,313 shares of the basic materials company’s stock worth $589,000 after buying an additional 302 shares during the last quarter. Rational Advisors LLC raised its holdings in Newmont Goldcorp by 16.0% during the second quarter. Rational Advisors LLC now owns 2,222 shares of the basic materials company’s stock worth $86,000 after buying an additional 306 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Newmont Goldcorp by 32.0% during the second quarter. Huntington National Bank now owns 1,294 shares of the basic materials company’s stock worth $50,000 after buying an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 71.33% of the company’s stock.

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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