Scott P. Lawson Sells 5,000 Shares of Newmont Goldcorp Corp (NYSE:NEM) Stock

Newmont Goldcorp Corp (NYSE:NEM) EVP Scott P. Lawson sold 5,000 shares of Newmont Goldcorp stock in a transaction on Monday, April 1st. The stock was sold at an average price of $35.81, for a total value of $179,050.00. Following the transaction, the executive vice president now directly owns 133,545 shares of the company’s stock, valued at $4,782,246.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NEM stock traded down $0.17 during trading on Friday, reaching $31.46. 7,982,810 shares of the stock traded hands, compared to its average volume of 12,058,290. Newmont Goldcorp Corp has a 52-week low of $29.06 and a 52-week high of $40.91. The company has a current ratio of 2.95, a quick ratio of 2.60 and a debt-to-equity ratio of 0.31. The company has a market cap of $17.30 billion, a PE ratio of 23.30 and a beta of 0.01.

Newmont Goldcorp (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. Newmont Goldcorp had a return on equity of 6.19% and a net margin of 4.70%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Newmont Goldcorp Corp will post 1.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, June 5th. Newmont Goldcorp’s dividend payout ratio (DPR) is presently 41.48%.

A number of hedge funds have recently bought and sold shares of NEM. Archford Capital Strategies LLC boosted its position in shares of Newmont Goldcorp by 66.7% in the fourth quarter. Archford Capital Strategies LLC now owns 750 shares of the basic materials company’s stock worth $26,000 after buying an additional 300 shares during the period. First Mercantile Trust Co. boosted its position in shares of Newmont Goldcorp by 70.2% in the fourth quarter. First Mercantile Trust Co. now owns 800 shares of the basic materials company’s stock worth $28,000 after buying an additional 330 shares during the period. Bessemer Group Inc. boosted its position in shares of Newmont Goldcorp by 377.3% in the fourth quarter. Bessemer Group Inc. now owns 840 shares of the basic materials company’s stock worth $29,000 after buying an additional 664 shares during the period. Berman Capital Advisors LLC purchased a new stake in shares of Newmont Goldcorp in the fourth quarter worth about $30,000. Finally, We Are One Seven LLC purchased a new stake in shares of Newmont Goldcorp in the fourth quarter worth about $33,000. 87.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. TheStreet raised Newmont Goldcorp from a “c” rating to a “b-” rating in a report on Thursday, February 21st. Credit Suisse Group reissued a “buy” rating on shares of Newmont Goldcorp in a report on Wednesday, January 16th. Raymond James reissued an “outperform” rating and issued a $48.00 price target on shares of Newmont Goldcorp in a report on Friday, February 22nd. Zacks Investment Research raised Newmont Goldcorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, February 12th. Finally, Canaccord Genuity raised Newmont Goldcorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $42.00 in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.96.

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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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