Newmont Goldcorp Corp (NYSE:NEM) Stock Holdings Boosted by ETRADE Capital Management LLC

ETRADE Capital Management LLC lifted its position in shares of Newmont Goldcorp Corp (NYSE:NEM) by 26.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,933 shares of the basic materials company’s stock after acquiring an additional 3,923 shares during the period. ETRADE Capital Management LLC’s holdings in Newmont Goldcorp were worth $857,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Newmont Goldcorp by 4.7% during the fourth quarter. Van ECK Associates Corp now owns 39,275,253 shares of the basic materials company’s stock worth $1,706,510,000 after acquiring an additional 1,764,699 shares during the last quarter. State Street Corp grew its position in shares of Newmont Goldcorp by 0.3% during the fourth quarter. State Street Corp now owns 38,193,895 shares of the basic materials company’s stock worth $1,659,525,000 after acquiring an additional 107,927 shares during the last quarter. FMR LLC grew its position in shares of Newmont Goldcorp by 43.2% during the fourth quarter. FMR LLC now owns 16,488,081 shares of the basic materials company’s stock worth $716,407,000 after acquiring an additional 4,973,929 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Newmont Goldcorp by 27.1% during the fourth quarter. Renaissance Technologies LLC now owns 9,234,499 shares of the basic materials company’s stock worth $401,242,000 after acquiring an additional 1,966,320 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Newmont Goldcorp during the fourth quarter worth about $378,296,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

NYSE:NEM opened at $63.05 on Friday. Newmont Goldcorp Corp has a twelve month low of $31.10 and a twelve month high of $69.13. The company has a current ratio of 3.31, a quick ratio of 2.81 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $59.99 and a 200-day moving average of $47.06. The firm has a market cap of $50.95 billion, a price-to-earnings ratio of 14.56 and a beta of 0.40.

Newmont Goldcorp (NYSE:NEM) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). Newmont Goldcorp had a net margin of 33.66% and a return on equity of 5.10%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, research analysts forecast that Newmont Goldcorp Corp will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.25 per share. This is a positive change from Newmont Goldcorp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.59%. Newmont Goldcorp’s dividend payout ratio (DPR) is 42.42%.

In other Newmont Goldcorp news, CAO John Kitlen sold 1,500 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $48.43, for a total transaction of $72,645.00. Following the completion of the sale, the chief accounting officer now directly owns 41,734 shares of the company’s stock, valued at $2,021,177.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen P. Gottesfeld sold 3,500 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $47.46, for a total transaction of $166,110.00. Following the sale, the executive vice president now directly owns 176,944 shares of the company’s stock, valued at $8,397,762.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,383 shares of company stock valued at $6,492,212. Insiders own 0.28% of the company’s stock.

Several equities analysts have recently commented on the stock. Citigroup upped their price target on shares of Newmont Goldcorp from $46.00 to $70.00 in a research report on Wednesday, May 6th. BMO Capital Markets decreased their target price on shares of Newmont Goldcorp from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of Newmont Goldcorp from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group increased their target price on shares of Newmont Goldcorp from $46.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Finally, Bank of America reiterated a “buy” rating and issued a $82.00 target price (up previously from $73.00) on shares of Newmont Goldcorp in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Newmont Goldcorp currently has a consensus rating of “Buy” and a consensus target price of $69.08.

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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