Insider Selling: Newmont Goldcorp Corp (NYSE:NEM) EVP Sells $189,815.25 in Stock

Newmont Goldcorp Corp (NYSE:NEM) EVP Nancy Lipson sold 5,055 shares of Newmont Goldcorp stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $37.55, for a total transaction of $189,815.25. Following the transaction, the executive vice president now directly owns 32,880 shares in the company, valued at $1,234,644. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nancy Lipson also recently made the following trade(s):

  • On Friday, June 14th, Nancy Lipson sold 5,055 shares of Newmont Goldcorp stock. The shares were sold at an average price of $36.00, for a total transaction of $181,980.00.
  • On Wednesday, June 5th, Nancy Lipson sold 5,055 shares of Newmont Goldcorp stock. The shares were sold at an average price of $34.50, for a total transaction of $174,397.50.

NYSE NEM opened at $38.27 on Thursday. The stock’s fifty day moving average price is $33.60. Newmont Goldcorp Corp has a 52 week low of $29.06 and a 52 week high of $38.74. The company has a current ratio of 2.97, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $31.51 billion, a PE ratio of 28.35 and a beta of -0.08.

Newmont Goldcorp (NYSE:NEM) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Newmont Goldcorp had a net margin of 3.26% and a return on equity of 6.13%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. On average, equities analysts forecast that Newmont Goldcorp Corp will post 1.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.56 annualized dividend and a yield of 1.46%. Newmont Goldcorp’s dividend payout ratio is presently 41.48%.

A number of research analysts have weighed in on NEM shares. TD Securities lifted their price target on shares of Newmont Goldcorp from $46.00 to $47.00 and gave the company an “action list buy” rating in a research report on Tuesday. Desjardins reissued a “buy” rating and set a $43.00 target price on shares of Newmont Goldcorp in a research report on Thursday, April 4th. Barclays reissued a “buy” rating and set a $39.00 target price on shares of Newmont Goldcorp in a research report on Thursday, March 28th. 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 report on Thursday, May 23rd. Finally, TheStreet cut shares of Newmont Goldcorp from a “b-” rating to a “c” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Newmont Goldcorp has a consensus rating of “Buy” and an average price target of $41.29.

A number of institutional investors and hedge funds have recently bought and sold shares of NEM. BlackRock Inc. raised its holdings in Newmont Goldcorp by 9.2% in the fourth quarter. BlackRock Inc. now owns 79,175,130 shares of the basic materials company’s stock valued at $2,743,419,000 after acquiring an additional 6,689,349 shares in the last quarter. Norges Bank acquired a new stake in Newmont Goldcorp in the fourth quarter valued at $131,587,000. Deutsche Bank AG raised its holdings in Newmont Goldcorp by 153.3% in the fourth quarter. Deutsche Bank AG now owns 5,597,008 shares of the basic materials company’s stock valued at $193,928,000 after acquiring an additional 3,387,246 shares in the last quarter. Majedie Asset Management Ltd acquired a new stake in Newmont Goldcorp in the first quarter valued at $62,825,000. Finally, Elephas Investment Management Ltd acquired a new stake in Newmont Goldcorp in the fourth quarter valued at $49,694,000. 60.72% of the stock is currently owned by hedge funds and other institutional investors.

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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