Newmont Goldcorp Corp (NYSE:NEM) saw unusually large options trading activity on Tuesday. Traders acquired 43,301 put options on the stock. This represents an increase of 1,294% compared to the average volume of 3,106 put options.

Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Newmont Goldcorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. TheStreet raised shares of Newmont Goldcorp from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. BMO Capital Markets assumed coverage on shares of Newmont Goldcorp in a research report on Wednesday, July 3rd. They set a “market perform” rating and a $45.00 price objective for the company. Barclays reissued a “buy” rating and set a $44.00 price objective on shares of Newmont Goldcorp in a research report on Sunday, August 4th. Finally, Deutsche Bank set a $41.00 price objective on shares of Newmont Goldcorp and gave the stock a “hold” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Newmont Goldcorp currently has a consensus rating of “Buy” and a consensus price target of $41.76.

In other Newmont Goldcorp news, CEO Gary J. Goldberg sold 4,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $33.31, for a total value of $133,240.00. Following the sale, the chief executive officer now directly owns 129,680 shares in the company, valued at $4,319,640.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Kitlen sold 750 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $37.91, for a total transaction of $28,432.50. Following the completion of the sale, the vice president now owns 42,673 shares in the company, valued at $1,617,733.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,720 shares of company stock worth $3,254,208. Company insiders own 0.44% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Ellington Management Group LLC bought a new position in shares of Newmont Goldcorp in the 2nd quarter valued at about $1,146,000. Private Advisor Group LLC grew its position in shares of Newmont Goldcorp by 125.6% in the 2nd quarter. Private Advisor Group LLC now owns 82,618 shares of the basic materials company’s stock valued at $3,178,000 after acquiring an additional 46,002 shares during the period. AMP Capital Investors Ltd grew its position in shares of Newmont Goldcorp by 49.4% in the 2nd quarter. AMP Capital Investors Ltd now owns 232,721 shares of the basic materials company’s stock valued at $8,867,000 after acquiring an additional 76,935 shares during the period. Holocene Advisors LP bought a new position in shares of Newmont Goldcorp in the 2nd quarter valued at about $256,000. Finally, National Pension Service grew its position in shares of Newmont Goldcorp by 95.6% in the 2nd quarter. National Pension Service now owns 1,218,180 shares of the basic materials company’s stock valued at $46,863,000 after acquiring an additional 595,311 shares during the period. 62.78% of the stock is owned by institutional investors and hedge funds.

Shares of NEM stock traded up $1.14 during trading hours on Wednesday, hitting $38.80. 214,863 shares of the company were exchanged, compared to its average volume of 10,561,126. The company has a 50 day moving average of $38.41. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.30. Newmont Goldcorp has a 52 week low of $29.06 and a 52 week high of $40.33. The stock has a market cap of $32.00 billion, a P/E ratio of 28.66 and a beta of 0.03.

Newmont Goldcorp (NYSE:NEM) last released its 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.29 billion. Newmont Goldcorp had a negative net margin of 1.03% and a positive return on equity of 4.79%. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Newmont Goldcorp will post 1.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, September 11th. Newmont Goldcorp’s dividend payout ratio (DPR) is currently 41.48%.

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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