Key Points
- Newmont CEO Natascha Viljoen sold 7,764 shares for approximately $807,456 at an average price of $104, reducing her position by 5.43%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Newmont reported quarterly EPS of $2.10, exceeding analyst expectations of $2.05, while revenue of $6.12 billion fell short of the $6.35 billion consensus estimate.
- The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $132.11.
Newmont Corporation (NYSE:NEM - Get Free Report) CEO Natascha Viljoen sold 7,764 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the transaction, the chief executive officer owned 135,235 shares of the company's stock, valued at $14,064,440. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Natascha Viljoen also recently made the following trade(s):
- On Monday, June 1st, Natascha Viljoen sold 3,882 shares of Newmont stock. The shares were sold at an average price of $105.32, for a total value of $408,852.24.
Newmont Stock Performance
Shares of NYSE:NEM opened at $113.03 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business's fifty day moving average price is $97.92 and its two-hundred day moving average price is $109.08. Newmont Corporation has a fifty-two week low of $67.11 and a fifty-two week high of $134.88. The stock has a market capitalization of $119.09 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.47.
Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The company had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.35 billion. During the same period last year, the business earned $1.43 earnings per share. As a group, analysts predict that Newmont Corporation will post 9.06 EPS for the current fiscal year.
Newmont Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont's dividend payout ratio (DPR) is currently 13.13%.
Hedge Funds Weigh In On Newmont
Institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont during the first quarter worth approximately $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont in the first quarter valued at approximately $25,000. Clearstead Trust LLC bought a new position in Newmont in the 2nd quarter worth approximately $25,000. Swiss RE Ltd. bought a new position in Newmont in the 4th quarter worth approximately $26,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Newmont by 312.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock worth $27,000 after buying an additional 206 shares in the last quarter. 68.85% of the stock is owned by institutional investors.
Newmont News Summary
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold's Winning Streak: Navigating Your ETF Options
- Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
- Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
- Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
- Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
- Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on NEM shares. The Goldman Sachs Group decreased their price objective on shares of Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Macquarie Infrastructure reduced their target price on Newmont from $133.00 to $123.00 and set an "outperform" rating on the stock in a report on Monday, June 15th. TD Securities upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Weiss Ratings cut Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada cut their price objective on Newmont from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Newmont presently has an average rating of "Moderate Buy" and a consensus target price of $132.11.
View Our Latest Research Report on Newmont
About Newmont
(
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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