Cetera Advisor Networks LLC Sells 3,872 Shares of Newmont Goldcorp Corp (NEM)

Cetera Advisor Networks LLC reduced its position in Newmont Goldcorp Corp (NYSE:NEM) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,086 shares of the basic materials company’s stock after selling 3,872 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Newmont Goldcorp were worth $1,010,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems raised its holdings in Newmont Goldcorp by 0.3% in the fourth quarter. Utah Retirement Systems now owns 99,391 shares of the basic materials company’s stock worth $3,444,000 after purchasing an additional 300 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in 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 purchasing an additional 300 shares in the last quarter. CAPROCK Group Inc. raised its holdings in Newmont Goldcorp by 3.2% in the first quarter. CAPROCK Group Inc. now owns 10,296 shares of the basic materials company’s stock worth $368,000 after purchasing an additional 316 shares in the last quarter. CWM LLC raised its holdings in Newmont Goldcorp by 12.7% in the fourth quarter. CWM LLC now owns 2,817 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 317 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Newmont Goldcorp by 35.5% in the first quarter. Baystate Wealth Management LLC now owns 1,251 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.

Shares of NYSE NEM opened at $30.92 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 2.97. Newmont Goldcorp Corp has a 52 week low of $29.06 and a 52 week high of $40.03. The company has a market capitalization of $25.15 billion, a P/E ratio of 22.90 and a beta of -0.04.

Newmont Goldcorp (NYSE:NEM) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Newmont Goldcorp had a return on equity of 6.13% and a net margin of 3.26%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts predict that Newmont Goldcorp Corp will post 1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.56 annualized dividend and a yield of 1.81%. Newmont Goldcorp’s dividend payout ratio is presently 41.48%.

A number of brokerages have recently weighed in on NEM. Zacks Investment Research lowered Newmont Goldcorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank restated a “hold” rating and set a $36.00 price target (up previously from $35.00) on shares of Newmont Goldcorp in a research note on Wednesday, April 10th. TheStreet lowered Newmont Goldcorp from a “b-” rating to a “c” rating in a research note on Wednesday, May 1st. Barclays boosted their price target on Newmont Goldcorp from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Raymond James restated an “outperform” rating and set a $48.00 price target on shares of Newmont Goldcorp in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.96.

In other news, EVP Elaine J. Dorward-King sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.90, for a total transaction of $92,700.00. Following the completion of the transaction, the executive vice president now directly owns 142,122 shares of the company’s stock, valued at approximately $4,391,569.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP E Randall Engel sold 17,100 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $37.14, for a total value of $635,094.00. Following the transaction, the executive vice president now directly owns 236,847 shares of the company’s stock, valued at $8,796,497.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,850 shares of company stock worth $1,544,937. Insiders own 0.44% of the company’s stock.

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About Newmont Goldcorp

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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Institutional Ownership by Quarter for Newmont Goldcorp (NYSE:NEM)

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