Newmont (NYSE:NEM) Shares Gap Down on Insider Selling

Shares of Newmont Corporation (NYSE:NEM) gapped down before the market opened on Thursday following insider selling activity. The stock had previously closed at $106.54, but opened at $96.20. Newmont shares last traded at $98.6910, with a volume of 5,631,392 shares.

Specifically, insider David James Fry sold 18,394 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the transaction, the insider owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Bank of America lifted their price objective on shares of Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial upped their target price on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. TD Securities decreased their price target on shares of Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a report on Tuesday, March 3rd. Finally, UBS Group reduced their target price on Newmont from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Newmont has an average rating of “Buy” and a consensus target price of $134.15.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst support and elevated price targets remain in place, giving the stock upside if gold stabilizes — several firms maintain buy/outperform views and above‑current median targets.
• Positive Sentiment: Dividend increase/reaffirmation: Newmont recently raised its quarterly payout, supporting income investors and limiting downside in a weak gold environment. Read More.
• Neutral Sentiment: Planned 10b5‑1 sale: An executive scheduled a routine restricted‑stock sale under a trading plan — typically prearranged and not an immediate signal of company issues. Read More.
• Neutral Sentiment: Market coverage is broadly noting the same drivers (gold weakness, Fed outlook, guidance sensitivity), providing context but no new company‑specific catalyst. Read More.
• Negative Sentiment: Fed decision and gold pullback: Coverage links Newmont’s drop to the Fed holding rates steady and signaling only limited cuts in 2026, which bolsters the dollar and pressures gold — a core driver for miner multiples. Read More.
• Negative Sentiment: 2026 outlook risk: Investors are re‑evaluating guidance that implies lower production and higher AISC next year; that makes margins and cashflow more sensitive to gold weakness. Read More.
• Negative Sentiment: Insider selling: A senior insider sold ~18,400 shares (~$2.05M), materially trimming their stake; large open‑market sales can amplify negative sentiment during sector weakness. Read More.

Newmont Stock Down 7.1%

The firm’s 50 day simple moving average is $118.86 and its 200-day simple moving average is $99.25. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $107.62 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.39.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 EPS. Equities analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.26 per share. This is a positive change from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s payout ratio is presently 16.28%.

Institutional Investors Weigh In On Newmont

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 1,847 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after purchasing an additional 27,813 shares during the period. Sivia Capital Partners LLC acquired a new stake in Newmont in the 2nd quarter valued at about $240,000. Creative Planning grew its holdings in Newmont by 16.0% during the second quarter. Creative Planning now owns 155,637 shares of the basic materials company’s stock worth $9,067,000 after purchasing an additional 21,508 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Newmont by 94.2% during the second quarter. Avantax Advisory Services Inc. now owns 40,086 shares of the basic materials company’s stock worth $2,335,000 after buying an additional 19,443 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

About Newmont

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.