Keybank National Association OH boosted its position in Newmont Goldcorp Corp (NYSE:NEM) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,788 shares of the basic materials company’s stock after buying an additional 733 shares during the period. Keybank National Association OH’s holdings in Newmont Goldcorp were worth $1,459,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Newmont Goldcorp by 6.6% during the third quarter. Legal & General Group Plc now owns 3,171,895 shares of the basic materials company’s stock valued at $95,821,000 after buying an additional 195,390 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Newmont Goldcorp by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 57,312,640 shares of the basic materials company’s stock valued at $1,730,842,000 after purchasing an additional 620,141 shares during the period. IFP Advisors Inc boosted its position in shares of Newmont Goldcorp by 39.4% in the 4th quarter. IFP Advisors Inc now owns 5,610 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 1,585 shares during the period. We Are One Seven LLC acquired a new position in shares of Newmont Goldcorp in the 4th quarter valued at $33,000. Finally, CWM LLC boosted its position in shares of Newmont Goldcorp by 12.7% in the 4th quarter. CWM LLC now owns 2,817 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 317 shares during the period. Institutional investors and hedge funds own 87.57% of the company’s stock.
Shares of NEM traded down $0.21 during midday trading on Tuesday, reaching $36.01. 8,927,905 shares of the stock were exchanged, compared to its average volume of 11,149,611. Newmont Goldcorp Corp has a 12-month low of $29.06 and a 12-month high of $38.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.62. The company has a market capitalization of $29.45 billion, a PE ratio of 26.67 and a beta of -0.08.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, June 5th. Newmont Goldcorp’s dividend payout ratio (DPR) is presently 41.48%.
In related news, CFO Nancy Buese sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $31.63, for a total value of $237,225.00. Following the transaction, the chief financial officer now directly owns 53,118 shares of the company’s stock, valued at approximately $1,680,122.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Ronald Palmer sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $35.85, for a total value of $44,812.50. Following the completion of the transaction, the insider now directly owns 276,573 shares in the company, valued at $9,915,142.05. The disclosure for this sale can be found here. Insiders have sold a total of 52,860 shares of company stock valued at $1,788,873 over the last ninety days. Company insiders own 0.44% of the company’s stock.
A number of equities analysts recently weighed in on the company. Deutsche Bank reiterated a “hold” rating and issued a $36.00 price target (up previously from $35.00) on shares of Newmont Goldcorp in a research report on Wednesday, April 10th. Raymond James set a $47.00 price target on Newmont Goldcorp and gave the company an “outperform” rating in a research report on Tuesday, March 26th. TheStreet lowered Newmont Goldcorp from a “b-” rating to a “c” rating in a research report on Wednesday, May 1st. Citigroup upgraded Newmont Goldcorp from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada decreased their price objective on Newmont Goldcorp to $39.00 and set an “underperform” rating for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $41.23.
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Newmont Goldcorp 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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