Nissay Asset Management Corp Japan ADV trimmed its holdings in shares of Newmont Goldcorp Corp (NYSE:NEM) by 7.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,603 shares of the basic materials company’s stock after selling 6,162 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Newmont Goldcorp were worth $2,669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEM. BlackRock Inc. grew its stake in shares of Newmont Goldcorp by 9.2% during the 4th quarter. BlackRock Inc. now owns 79,175,130 shares of the basic materials company’s stock worth $2,743,419,000 after acquiring an additional 6,689,349 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Newmont Goldcorp by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 57,312,640 shares of the basic materials company’s stock worth $1,730,842,000 after acquiring an additional 620,141 shares in the last quarter. Flossbach Von Storch AG grew its stake in shares of Newmont Goldcorp by 7.8% during the 1st quarter. Flossbach Von Storch AG now owns 15,289,352 shares of the basic materials company’s stock worth $546,900,000 after acquiring an additional 1,107,490 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Newmont Goldcorp by 10.4% during the 4th quarter. Bank of New York Mellon Corp now owns 8,602,670 shares of the basic materials company’s stock worth $298,082,000 after acquiring an additional 812,109 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Newmont Goldcorp by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 8,229,613 shares of the basic materials company’s stock worth $284,738,000 after acquiring an additional 60,289 shares in the last quarter. 87.57% of the stock is owned by institutional investors and hedge funds.

In other Newmont Goldcorp news, EVP E Randall Engel sold 17,100 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $37.14, for a total transaction of $635,094.00. Following the completion of the sale, the executive vice president now owns 236,847 shares of the company’s stock, valued at approximately $8,796,497.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen P. Gottesfeld sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $35.06, for a total value of $122,710.00. Following the sale, the executive vice president now directly owns 157,264 shares of the company’s stock, valued at approximately $5,513,675.84. The disclosure for this sale can be found here. In the last three months, insiders sold 43,850 shares of company stock valued at $1,544,937. 0.44% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on NEM. Zacks Investment Research cut shares of Newmont Goldcorp from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet cut shares of Newmont Goldcorp from a “b-” rating to a “c” rating in a research note on Wednesday, May 1st. Raymond James reaffirmed an “outperform” rating and set a $47.00 price target on shares of Newmont Goldcorp in a research note on Friday, April 26th. TD Securities raised shares of Newmont Goldcorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $46.00 in a research note on Monday, April 22nd. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $36.00 price target (up from $35.00) on shares of Newmont Goldcorp in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.96.

NYSE NEM opened at $30.83 on Thursday. The company has a market capitalization of $25.33 billion, a PE ratio of 22.84 and a beta of -0.04. 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 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, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $1.80 billion during 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 firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts forecast that Newmont Goldcorp Corp will post 1.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 5th. Newmont Goldcorp’s payout ratio is presently 41.48%.

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Newmont Goldcorp 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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