Mutual of America Capital Management LLC increased its holdings in shares of Newmont Goldcorp Corp (NYSE:NEM) by 99.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,829 shares of the basic materials company’s stock after acquiring an additional 134,131 shares during the period. Mutual of America Capital Management LLC’s holdings in Newmont Goldcorp were worth $12,173,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NEM. Harwood Advisory Group LLC acquired a new stake in shares of Newmont Goldcorp during the 1st quarter valued at about $25,000. Tarbox Family Office Inc. boosted its position in shares of Newmont Goldcorp by 73.8% during the 1st quarter. Tarbox Family Office Inc. now owns 570 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 242 shares in the last quarter. Lenox Wealth Management Inc. boosted its position in shares of Newmont Goldcorp by 608.2% during the 1st quarter. Lenox Wealth Management Inc. now owns 602 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 517 shares in the last quarter. Acima Private Wealth LLC acquired a new stake in shares of Newmont Goldcorp during the 4th quarter valued at about $35,000. Finally, Citizens Financial Group Inc RI boosted its position in shares of Newmont Goldcorp by 264.1% during the 4th quarter. Citizens Financial Group Inc RI now owns 812 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 589 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

A number of research firms have commented on NEM. JPMorgan Chase & Co. boosted their price target 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. Citigroup boosted their price target on shares of Newmont Goldcorp from $46.00 to $70.00 in a research report on Wednesday, May 6th. Barclays lowered shares of Newmont Goldcorp from an “overweight” rating to an “equal weight” rating and set a $58.00 price target on the stock. in a research report on Thursday, April 16th. TD Securities boosted their price target on shares of Newmont Goldcorp from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, ValuEngine upgraded shares of Newmont Goldcorp from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.08.

Shares of NYSE NEM traded down $0.43 during trading on Friday, reaching $63.05. The company had a trading volume of 4,491,024 shares, compared to its average volume of 6,996,463. Newmont Goldcorp Corp has a 52 week low of $31.10 and a 52 week high of $69.13. The stock has a market cap of $50.95 billion, a PE ratio of 14.56 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.81 and a current ratio of 3.31. The business’s 50 day moving average price is $59.99 and its 200-day moving average price is $47.06.

Newmont Goldcorp (NYSE:NEM) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.66 billion. Newmont Goldcorp had a return on equity of 5.10% and a net margin of 33.66%. The company’s revenue was up 43.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts anticipate that Newmont Goldcorp Corp will post 2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Newmont Goldcorp’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, June 3rd. Newmont Goldcorp’s payout ratio is 42.42%.

In related news, EVP E Randall Engel sold 67,982 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $65.33, for a total transaction of $4,441,264.06. Following the completion of the sale, the executive vice president now directly owns 342,823 shares of the company’s stock, valued at $22,396,626.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas Ronald Palmer sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $45.04, for a total transaction of $180,160.00. Following the transaction, the chief executive officer now owns 286,597 shares of the company’s stock, valued at approximately $12,908,328.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,383 shares of company stock valued at $6,492,212. 0.28% of the stock is currently owned by insiders.

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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