Newmont Goldcorp Corp (NYSE:NEM) Announces $0.14 Quarterly Dividend

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Newmont Goldcorp Corp (NYSE:NEM) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Thursday, December 5th will be given a dividend of 0.14 per share by the basic materials company on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, December 4th.

Newmont Goldcorp stock opened at $38.74 on Tuesday. Newmont Goldcorp has a 52 week low of $29.77 and a 52 week high of $41.23. The company’s 50 day moving average price is $38.20 and its two-hundred day moving average price is $37.62. The stock has a market cap of $31.48 billion, a P/E ratio of 28.70 and a beta of -0.06. The company has a quick ratio of 1.76, a current ratio of 2.18 and a debt-to-equity ratio of 0.30.

Newmont Goldcorp (NYSE:NEM) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.83 billion. Newmont Goldcorp had a net margin of 25.42% and a return on equity of 4.71%. The business’s revenue was up 57.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that Newmont Goldcorp will post 1.32 EPS for the current year.

In other news, EVP Dean Gehring sold 3,500 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $39.32, for a total transaction of $137,620.00. Following the sale, the executive vice president now directly owns 24,810 shares in the company, valued at $975,529.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Nancy Buese sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $37.83, for a total transaction of $283,725.00. Following the transaction, the chief financial officer now directly owns 44,944 shares of the company’s stock, valued at approximately $1,700,231.52. The disclosure for this sale can be found here. Insiders have sold a total of 31,750 shares of company stock worth $1,216,328 in the last three months. Insiders own 0.44% of the company’s stock.

Several equities research analysts have recently issued reports on the company. B. Riley decreased their target price on Newmont Goldcorp from $43.90 to $41.30 and set a “neutral” rating for the company in a research report on Monday, October 21st. ValuEngine raised shares of Newmont Goldcorp from a “strong sell” rating to a “sell” rating in a report on Friday, October 11th. Raymond James restated an “outperform” rating and set a $51.00 price target on shares of Newmont Goldcorp in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of Newmont Goldcorp from an “underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a report on Monday, September 9th. Finally, TheStreet raised shares of Newmont Goldcorp from a “c+” rating to a “b” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Newmont Goldcorp has a consensus rating of “Buy” and a consensus price target of $43.48.

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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Dividend History for Newmont Goldcorp (NYSE:NEM)

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