Newmont Goldcorp Corp (NYSE:NEM) Announces Quarterly Dividend of $0.14
Newmont Goldcorp Corp (NYSE:NEM) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.14 per share by the basic materials company on Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, December 4th.
Shares of NYSE NEM opened at $38.74 on Tuesday. Newmont Goldcorp has a 1 year low of $29.77 and a 1 year high of $41.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.18 and a quick ratio of 1.76. The firm has a 50-day moving average of $38.20 and a 200 day moving average of $37.62. The stock has a market cap of $31.48 billion, a P/E ratio of 28.70 and a beta of -0.06.
Newmont Goldcorp (NYSE:NEM) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.03). Newmont Goldcorp had a return on equity of 4.71% and a net margin of 25.42%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.33 EPS. Newmont Goldcorp’s revenue for the quarter was up 57.2% compared to the same quarter last year. Research analysts expect that Newmont Goldcorp will post 1.32 earnings per share for the current fiscal year.
In other Newmont Goldcorp news, EVP Stephen P. Gottesfeld sold 3,500 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $37.18, for a total value of $130,130.00. Following the completion of the transaction, the executive vice president now owns 180,404 shares of the company’s stock, valued at approximately $6,707,420.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nancy Buese sold 7,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $37.83, for a total value of $283,725.00. Following the completion of the transaction, the chief financial officer now directly owns 44,944 shares of the company’s stock, valued at approximately $1,700,231.52. The disclosure for this sale can be found here. In the last three months, insiders sold 31,750 shares of company stock valued at $1,216,328. Corporate insiders own 0.44% of the company’s stock.
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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