Newmont Goldcorp Corp (NYSE:NEM) VP John Kitlen sold 750 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $35.24, for a total value of $26,430.00. Following the completion of the transaction, the vice president now directly owns 44,173 shares of the company’s stock, valued at approximately $1,556,656.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • 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.

NYSE NEM traded up $0.55 during trading hours on Wednesday, reaching $35.47. 8,457,246 shares of the company’s stock were exchanged, compared to its average volume of 11,240,580. The firm has a market cap of $28.92 billion, a PE ratio of 26.27 and a beta of -0.08. Newmont Goldcorp Corp has a one year low of $29.06 and a one year high of $39.19. 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 released its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.81 billion. Newmont Goldcorp had a return on equity of 6.13% and a net margin of 3.26%. Newmont Goldcorp’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. As a group, equities analysts expect that Newmont Goldcorp Corp will post 1.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.58%. Newmont Goldcorp’s dividend payout ratio (DPR) is presently 41.48%.

NEM has been the subject of several recent research reports. TheStreet raised Newmont Goldcorp from a “c” rating to a “b-” rating in a report on Thursday, February 21st. Desjardins reaffirmed a “buy” rating and issued a $43.00 price target on shares of Newmont Goldcorp in a report on Thursday, April 4th. Barclays reaffirmed a “buy” rating and issued a $39.00 price target on shares of Newmont Goldcorp in a report on Thursday, March 28th. Zacks Investment Research raised Newmont Goldcorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, February 12th. Finally, TD Securities raised Newmont Goldcorp from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $46.00 in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Newmont Goldcorp has a consensus rating of “Buy” and an average price target of $41.23.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems boosted its position in Newmont Goldcorp by 0.3% in the 4th quarter. Utah Retirement Systems now owns 99,391 shares of the basic materials company’s stock valued at $3,444,000 after buying an additional 300 shares during the last quarter. Archford Capital Strategies LLC boosted its position in Newmont Goldcorp by 66.7% in the 4th quarter. Archford Capital Strategies LLC now owns 750 shares of the basic materials company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. CAPROCK Group Inc. boosted its position in Newmont Goldcorp by 3.2% in the 1st quarter. CAPROCK Group Inc. now owns 10,296 shares of the basic materials company’s stock valued at $368,000 after buying an additional 316 shares during the last quarter. Baystate Wealth Management LLC boosted its position in Newmont Goldcorp by 35.5% in the 1st quarter. Baystate Wealth Management LLC now owns 1,251 shares of the basic materials company’s stock valued at $40,000 after buying an additional 328 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in Newmont Goldcorp by 70.2% in the 4th quarter. First Mercantile Trust Co. now owns 800 shares of the basic materials company’s stock valued at $28,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 87.57% of the company’s stock.

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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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