Newmont Goldcorp Corp (NYSE:NEM) VP John Kitlen Sells 750 Shares

Newmont Goldcorp Corp (NYSE:NEM) VP John Kitlen sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $38.63, for a total value of $28,972.50. Following the sale, the vice president now owns 43,423 shares of the company’s stock, valued at approximately $1,677,430.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John Kitlen also recently made the following trade(s):

  • On Monday, June 10th, John Kitlen sold 750 shares of Newmont Goldcorp stock. The shares were sold at an average price of $35.24, for a total value of $26,430.00.
  • On Thursday, June 6th, John Kitlen sold 750 shares of Newmont Goldcorp stock. The shares were sold at an average price of $35.00, for a total value of $26,250.00.

Shares of Newmont Goldcorp stock opened at $39.42 on Friday. The stock’s fifty day moving average is $36.08. Newmont Goldcorp Corp has a 12-month low of $29.06 and a 12-month high of $39.49. The company has a market capitalization of $32.20 billion, a P/E ratio of 29.20 and a beta of 0.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.62.



Newmont Goldcorp (NYSE:NEM) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.33 earnings per share (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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Newmont Goldcorp’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Newmont Goldcorp Corp will post 1.49 EPS 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 dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.56 annualized dividend and a yield of 1.42%. Newmont Goldcorp’s dividend payout ratio (DPR) is currently 41.48%.

Institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its position in 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 purchasing an additional 664 shares during the last quarter. Berman Capital Advisors LLC purchased a new position in Newmont Goldcorp in the fourth quarter worth $30,000. Rehmann Capital Advisory Group boosted its position in Newmont Goldcorp by 350.2% in the first quarter. Rehmann Capital Advisory Group now owns 968 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 753 shares during the last quarter. Legacy Bridge LLC purchased a new position in Newmont Goldcorp in the first quarter worth $36,000. Finally, Ellis Investment Partners LLC purchased a new position in Newmont Goldcorp in the first quarter worth $39,000. Institutional investors and hedge funds own 60.72% of the company’s stock.

Several equities research analysts have recently commented on the company. B. Riley assumed coverage on Smart Sand in a report on Tuesday, March 19th. They set a “hold” rating and a $5.00 price objective for the company. Zacks Investment Research downgraded Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Desjardins reiterated a “buy” rating and set a $43.00 price target on shares of Newmont Goldcorp in a report on Thursday, April 4th. Royal Bank of Canada decreased their price target on Newmont Goldcorp to $39.00 and set an “underperform” rating for the company in a report on Monday, April 8th. Finally, Raymond James set a $33.00 price target on LKQ and gave the stock a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.56.

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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