Keybank National Association OH Buys 733 Shares of Newmont Goldcorp Corp (NEM)

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Keybank National Association OH grew its stake in Newmont Goldcorp Corp (NYSE:NEM) by 1.8% during the 1st quarter, HoldingsChannel reports. The fund owned 40,788 shares of the basic materials company’s stock after acquiring an additional 733 shares during the period. Keybank National Association OH’s holdings in Newmont Goldcorp were worth $1,459,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NEM. BlackRock Inc. lifted its position in shares of Newmont Goldcorp by 9.2% in the fourth quarter. BlackRock Inc. now owns 79,175,130 shares of the basic materials company’s stock valued at $2,743,419,000 after acquiring an additional 6,689,349 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Newmont Goldcorp by 3,384.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,808,727 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 4,670,718 shares in the last quarter. Norges Bank purchased a new stake in shares of Newmont Goldcorp in the fourth quarter valued at $131,587,000. Deutsche Bank AG lifted its position in shares of Newmont Goldcorp by 153.3% in the fourth quarter. Deutsche Bank AG now owns 5,597,008 shares of the basic materials company’s stock valued at $193,928,000 after acquiring an additional 3,387,246 shares in the last quarter. Finally, Majedie Asset Management Ltd purchased a new stake in shares of Newmont Goldcorp in the first quarter valued at $62,825,000. Institutional investors and hedge funds own 87.57% of the company’s stock.

Newmont Goldcorp stock opened at $31.92 on Monday. The stock has a market capitalization of $26.16 billion, a PE ratio of 23.64 and a beta of -0.04. The company has a current ratio of 2.97, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Newmont Goldcorp Corp has a 12 month low of $29.06 and a 12 month high of $40.03.

Newmont Goldcorp (NYSE:NEM) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. Newmont Goldcorp had a return on equity of 6.13% and a net margin of 3.26%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, equities analysts forecast that Newmont Goldcorp Corp will post 1.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. Newmont Goldcorp’s dividend payout ratio (DPR) is currently 41.48%.

In other news, CEO Gary J. Goldberg sold 4,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $30.90, for a total value of $123,600.00. Following the completion of the sale, the chief executive officer now owns 129,680 shares in the company, valued at $4,007,112. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas Ronald Palmer sold 1,250 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $33.90, for a total value of $42,375.00. Following the completion of the sale, the chief operating officer now owns 277,823 shares of the company’s stock, valued at approximately $9,418,199.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,250 shares of company stock valued at $787,133. Insiders own 0.44% of the company’s stock.

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

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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.

Further Reading: Bull Market

Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Goldcorp Corp (NYSE:NEM).

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

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