Oakbrook Investments LLC raised its position in shares of Newmont Goldcorp Corp (NYSE:NEM) by 50.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,397 shares of the basic materials company’s stock after buying an additional 13,530 shares during the period. Oakbrook Investments LLC’s holdings in Newmont Goldcorp were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Newmont Goldcorp by 8.4% during the first quarter. BlackRock Inc. now owns 85,829,069 shares of the basic materials company’s stock worth $3,070,105,000 after buying an additional 6,653,939 shares in the last quarter. Flossbach Von Storch AG increased its holdings in shares of Newmont Goldcorp by 7.8% during the first quarter. Flossbach Von Storch AG now owns 15,289,352 shares of the basic materials company’s stock worth $546,900,000 after buying an additional 1,107,490 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Newmont Goldcorp by 2.6% during the first quarter. First Eagle Investment Management LLC now owns 12,020,757 shares of the basic materials company’s stock worth $429,982,000 after buying an additional 299,684 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Newmont Goldcorp by 7.0% during the first quarter. Northern Trust Corp now owns 8,581,758 shares of the basic materials company’s stock worth $306,969,000 after buying an additional 564,587 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Newmont Goldcorp by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 8,229,613 shares of the basic materials company’s stock worth $284,738,000 after buying an additional 60,289 shares in the last quarter. 60.91% of the stock is owned by institutional investors.

In other Newmont Goldcorp news, CAO John Kitlen sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $35.00, for a total value of $26,250.00. Following the transaction, the chief accounting officer now directly owns 44,923 shares of the company’s stock, valued at $1,572,305. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen P. Gottesfeld sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the transaction, the executive vice president now directly owns 194,404 shares in the company, valued at $7,776,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,220 shares of company stock worth $2,541,220. Insiders own 0.44% of the company’s stock.

NEM has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price objective on shares of Newmont Goldcorp to $39.00 and set an “underperform” rating for the company in a report on Monday, April 8th. Citigroup lowered shares of Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. Raymond James set a $33.00 price target on shares of LKQ and gave the company a “buy” rating in a report on Friday, April 26th. Barclays set a $192.00 price target on shares of Tesla and gave the company a “sell” rating in a report on Tuesday, April 9th. Finally, Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Newmont Goldcorp has a consensus rating of “Buy” and an average price target of $41.56.

Shares of Newmont Goldcorp stock traded down $0.97 during midday trading on Friday, reaching $37.28. The company had a trading volume of 10,396,616 shares, compared to its average volume of 6,581,054. The company has a quick ratio of 2.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.30. The firm has a market cap of $31.35 billion, a P/E ratio of 27.61 and a beta of 0.04. The company’s fifty day moving average is $37.83. Newmont Goldcorp Corp has a 1-year low of $29.06 and a 1-year high of $40.33.

Newmont Goldcorp (NYSE:NEM) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.11). The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.29 billion. Newmont Goldcorp had a negative net margin of 1.03% and a positive return on equity of 4.79%. The business’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Equities research analysts expect that Newmont Goldcorp Corp will post 1.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.56 dividend on an annualized basis and a yield of 1.50%. Newmont Goldcorp’s payout ratio is presently 41.48%.

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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