Terril Brothers Inc. Takes $19.44 Million Position in Newmont Goldcorp Corp (NYSE:NEM)
Terril Brothers Inc. bought a new stake in Newmont Goldcorp Corp (NYSE:NEM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 505,307 shares of the basic materials company’s stock, valued at approximately $19,439,000. Newmont Goldcorp makes up 6.2% of Terril Brothers Inc.’s portfolio, making the stock its 6th biggest holding. Terril Brothers Inc. owned about 0.06% of Newmont Goldcorp as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 6 Meridian increased its stake in Newmont Goldcorp by 2.0% during the second quarter. 6 Meridian now owns 15,313 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 302 shares during the last quarter. Huntington National Bank grew its stake in shares of Newmont Goldcorp by 32.0% in the second quarter. Huntington National Bank now owns 1,294 shares of the basic materials company’s stock valued at $50,000 after buying an additional 314 shares in the last quarter. Baystate Wealth Management LLC grew its stake in shares of Newmont Goldcorp by 35.5% in the first quarter. Baystate Wealth Management LLC now owns 1,251 shares of the basic materials company’s stock valued at $40,000 after buying an additional 328 shares in the last quarter. Conning Inc. grew its stake in shares of Newmont Goldcorp by 3.8% in the first quarter. Conning Inc. now owns 9,538 shares of the basic materials company’s stock valued at $341,000 after buying an additional 350 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. grew its stake in shares of Newmont Goldcorp by 1.3% in the second quarter. Neville Rodie & Shaw Inc. now owns 30,543 shares of the basic materials company’s stock valued at $1,175,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.
In other news, EVP Scott P. Lawson sold 3,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $37.91, for a total value of $113,730.00. Following the completion of the sale, the executive vice president now directly owns 124,545 shares of the company’s stock, valued at approximately $4,721,500.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP E Randall Engel sold 3,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $38.65, for a total value of $135,275.00. Following the completion of the sale, the executive vice president now directly owns 308,719 shares of the company’s stock, valued at $11,931,989.35. The disclosure for this sale can be found here. Insiders have sold a total of 93,220 shares of company stock valued at $3,389,483 over the last ninety days. 0.44% of the stock is owned by company insiders.
Newmont Goldcorp (NYSE:NEM) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Newmont Goldcorp had a positive return on equity of 4.79% and a negative net margin of 1.03%. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Research analysts forecast that Newmont Goldcorp Corp will post 1.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, September 11th. Newmont Goldcorp’s dividend payout ratio (DPR) is 41.48%.
A number of research analysts recently issued reports on NEM shares. Deutsche Bank set a $41.00 target price on Newmont Goldcorp and gave the company a “hold” rating in a report on Thursday, July 11th. Zacks Investment Research lowered Newmont Goldcorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. TheStreet upgraded Newmont Goldcorp from a “c+” rating to a “b-” rating in a report on Friday, July 5th. TD Securities decreased their target price on Newmont Goldcorp from $52.00 to $50.00 and set an “action list buy” rating for the company in a report on Monday. Finally, Raymond James reiterated an “outperform” rating and issued a $47.00 target price on shares of Newmont Goldcorp in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Newmont Goldcorp presently has an average rating of “Buy” and an average price target of $41.96.
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.
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