Newmont Goldcorp Corp (NYSE:NEM) Shares Sold by Clean Yield Group

Clean Yield Group lessened its position in Newmont Goldcorp Corp (NYSE:NEM) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,686 shares of the basic materials company’s stock after selling 1,184 shares during the period. Clean Yield Group’s holdings in Newmont Goldcorp were worth $405,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Newmont Goldcorp by 27.8% in the second quarter. BlackRock Inc. now owns 109,649,438 shares of the basic materials company’s stock valued at $4,218,213,000 after buying an additional 23,820,369 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Newmont Goldcorp by 52.2% in the second quarter. Vanguard Group Inc. now owns 89,715,566 shares of the basic materials company’s stock valued at $3,451,358,000 after buying an additional 30,786,889 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Newmont Goldcorp by 33.0% in the second quarter. Van ECK Associates Corp now owns 37,040,057 shares of the basic materials company’s stock valued at $1,424,931,000 after buying an additional 9,198,168 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Newmont Goldcorp by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 13,512,764 shares of the basic materials company’s stock valued at $519,836,000 after buying an additional 3,328,151 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Newmont Goldcorp by 13.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,868,501 shares of the basic materials company’s stock valued at $456,581,000 after buying an additional 1,380,005 shares during the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.

NEM stock traded up $0.73 on Thursday, hitting $39.11. 237,046 shares of the company were exchanged, compared to its average volume of 6,023,397. Newmont Goldcorp Corp has a twelve month low of $29.06 and a twelve month high of $41.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.83 and a quick ratio of 1.38. The business’s fifty day moving average is $38.72 and its two-hundred day moving average is $36.57. The stock has a market capitalization of $30.99 billion, a price-to-earnings ratio of 29.04 and a beta of -0.10.

Newmont Goldcorp (NYSE:NEM) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). Newmont Goldcorp had a positive return on equity of 4.79% and a negative net margin of 1.03%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 35.8% on a year-over-year basis. Equities research analysts expect that Newmont Goldcorp Corp will post 1.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.43%. Newmont Goldcorp’s dividend payout ratio (DPR) is 41.48%.

In other Newmont Goldcorp news, President Thomas Ronald Palmer sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $35.89, for a total transaction of $574,240.00. Following the completion of the sale, the president now directly owns 256,823 shares in the company, valued at $9,217,377.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary J. Goldberg sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $35.93, for a total transaction of $143,720.00. Following the sale, the chief executive officer now owns 129,680 shares of the company’s stock, valued at $4,659,402.40. The disclosure for this sale can be found here. Insiders have sold 68,555 shares of company stock valued at $2,620,824 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on NEM shares. Raymond James set a $47.00 price objective on shares of Newmont Goldcorp and gave the company an “outperform” rating in a research report on Monday, September 23rd. TheStreet lowered shares of Newmont Goldcorp from a “b-” rating to a “c+” rating in a research report on Tuesday, October 1st. BMO Capital Markets raised shares of Newmont Goldcorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $45.00 to $50.00 in a research report on Wednesday, September 11th. Royal Bank of Canada raised shares of Newmont Goldcorp from an “underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a research report on Monday, September 9th. Finally, ValuEngine raised shares of Newmont Goldcorp from a “strong sell” rating to a “sell” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $45.66.

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

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