Newmont Goldcorp (NEM) – Research Analysts’ Weekly Ratings Changes

Newmont Goldcorp (NYSE: NEM) has recently received a number of price target changes and ratings updates:

  • 12/3/2019 – Newmont Goldcorp was given a new $48.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 12/3/2019 – Newmont Goldcorp had its price target lowered by analysts at BMO Capital Markets from $50.00 to $47.00. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 12/3/2019 – Newmont Goldcorp had its price target raised by analysts at Deutsche Bank AG from $45.00 to $46.00. They now have a “buy” rating on the stock.
  • 11/27/2019 – Newmont Goldcorp had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $51.00 price target on the stock.
  • 11/6/2019 – Newmont Goldcorp was given a new $51.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 11/5/2019 – Newmont Goldcorp was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 10/23/2019 – Newmont Goldcorp had its “outperform market weight” rating reaffirmed by analysts at National Bank Financial.
  • 10/21/2019 – Newmont Goldcorp had its price target lowered by analysts at B. Riley from $43.90 to $41.30. They now have a “neutral” rating on the stock.
  • 10/15/2019 – Newmont Goldcorp was given a new $45.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 10/11/2019 – Newmont Goldcorp was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of NEM stock opened at $39.38 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.76 and a current ratio of 2.18. Newmont Goldcorp Corp has a 52-week low of $29.77 and a 52-week high of $41.23. The company has a market capitalization of $32.29 billion, a PE ratio of 29.17 and a beta of -0.06. The business’s fifty day moving average is $38.24 and its 200 day moving average is $37.66.

Newmont Goldcorp (NYSE:NEM) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Newmont Goldcorp had a return on equity of 4.71% and a net margin of 25.42%. Newmont Goldcorp’s quarterly revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, sell-side analysts forecast that Newmont Goldcorp Corp will post 1.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.42%. Newmont Goldcorp’s dividend payout ratio (DPR) is presently 41.48%.

In related news, CEO Thomas Ronald Palmer sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $37.56, for a total value of $150,240.00. Following the sale, the chief executive officer now directly owns 250,073 shares of the company’s stock, valued at $9,392,741.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dean Gehring sold 3,500 shares of Newmont Goldcorp stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $39.32, for a total transaction of $137,620.00. Following the sale, the executive vice president now owns 24,810 shares of the company’s stock, valued at $975,529.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,750 shares of company stock valued at $1,216,328. Corporate insiders own 0.44% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Advantage Investment Management LLC grew its position in Newmont Goldcorp by 556.0% in the second quarter. Advantage Investment Management LLC now owns 656 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 556 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in Newmont Goldcorp during the second quarter valued at about $25,000. Valley National Advisers Inc. raised its position in Newmont Goldcorp by 1,212.0% during the second quarter. Valley National Advisers Inc. now owns 656 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 606 shares in the last quarter. Reilly Financial Advisors LLC purchased a new stake in Newmont Goldcorp during the third quarter valued at about $26,000. Finally, Parkside Financial Bank & Trust lifted its stake in Newmont Goldcorp by 65.6% during the second quarter. Parkside Financial Bank & Trust now owns 760 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 301 shares during the last quarter. 81.06% of the stock is owned by institutional investors and hedge funds.

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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