Key Points
- Newmont EVP Peter Toth sold 3,000 shares on March 18 at an average price of $108 for a $324,000 transaction, reducing his stake by 5.14% to 55,315 shares; the sale was disclosed in an SEC Form 4 filing.
- Strong quarterly results and dividend bump: Newmont reported $2.52 EPS and $6.82 billion revenue (both above estimates) and raised its quarterly dividend from $0.25 to $0.26, implying a 1.1% yield and a 16.3% payout ratio.
- Analyst sentiment remains positive: the consensus rating is "Buy" with an average price target of $134.10, and multiple firms recently raised their targets (e.g., Jefferies to $162, National Bank to $140).
Newmont Corporation (NYSE:NEM - Get Free Report) EVP Peter Toth sold 3,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total transaction of $324,000.00. Following the completion of the sale, the executive vice president owned 55,315 shares in the company, valued at $5,974,020. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Newmont Trading Down 3.5%
NYSE NEM opened at $95.74 on Friday. The company has a market capitalization of $104.16 billion, a PE ratio of 14.98, a P/E/G ratio of 0.77 and a beta of 0.39. The company has a fifty day moving average of $118.43 and a 200 day moving average of $99.40. Newmont Corporation has a 1 year low of $42.93 and a 1 year high of $134.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.
Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The firm's revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. Research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.
Newmont Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a $0.26 dividend. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Newmont's dividend payout ratio (DPR) is currently 16.28%.
Analysts Set New Price Targets
A number of research analysts have issued reports on NEM shares. Macquarie Infrastructure boosted their price target on Newmont from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Friday, February 6th. TD Cowen raised their price objective on shares of Newmont from $89.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, January 22nd. BNP Paribas Exane boosted their target price on shares of Newmont from $123.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, March 2nd. National Bank Financial increased their price target on shares of Newmont from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group raised their price target on shares of Newmont from $158.00 to $162.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $134.10.
Check Out Our Latest Research Report on NEM
More Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont reported strong quarterly results and recently raised its quarterly dividend, underpinning cash flow and income appeal for long‑term investors. Read More.
- Positive Sentiment: Scotiabank maintained a "sector outperform" view on NEM (small trim to its price target), leaving a large implied upside from current levels — a sign some sell‑side support remains. Read More.
- Neutral Sentiment: Analyst coverage remains tilted positive overall (consensus rating = Buy and a high average price target), which could limit downside if bullion stabilizes. Read More.
- Neutral Sentiment: Company disclosures include routine 10b5‑1 sales by executives (planned program) — typically pre‑arranged and not an immediate operational red flag. Read More.
- Negative Sentiment: Macro fears that the Fed may delay rate cuts amid sticky inflation and higher oil prices have driven gold and silver lower; miners like Newmont are highly sensitive to bullion moves, pressuring the share price. Read More.
- Negative Sentiment: Rising fuel costs and weaker gold prices are being cited as squeezing miners’ margins and raising concerns about 2026 cost/volume outlook — a direct headwind to near‑term earnings expectations. Read More.
- Negative Sentiment: Recent open‑market insider selling (David James Fry sold ~18,394 shares, disclosed via SEC Form 4) has amplified negative sentiment during a broader sector pullback. Read More.
- Negative Sentiment: Multiple market write‑ups flagged sharp intraday declines after the Fed's signal and weaker bullion; momentum selling in the sector has exacerbated Newmont’s drop. Read More.
Institutional Trading of Newmont
A number of institutional investors have recently made changes to their positions in NEM. Norges Bank acquired a new position in Newmont in the 2nd quarter valued at $919,170,000. Van ECK Associates Corp boosted its stake in Newmont by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company's stock worth $2,973,539,000 after purchasing an additional 5,643,496 shares during the last quarter. Invesco Ltd. boosted its stake in Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company's stock worth $908,152,000 after purchasing an additional 4,839,447 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Newmont by 110.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company's stock worth $873,011,000 after buying an additional 4,588,018 shares in the last quarter. Finally, Boston Partners raised its position in shares of Newmont by 4,090.7% in the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company's stock valued at $272,558,000 after buying an additional 4,532,263 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.
Newmont Company Profile
(
Get Free Report)
Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.
Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.
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