Newmont (NYSE:NEM) CFO Brian Tabolt Sells 11,445 Shares

Newmont Corporation (NYSE:NEM) CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Newmont Stock Performance

Shares of NYSE:NEM traded up $7.60 during trading on Friday, hitting $113.03. 10,613,668 shares of the stock traded hands, compared to its average volume of 9,093,467. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $97.86 and a two-hundred day moving average price of $109.05. Newmont Corporation has a 52-week low of $67.11 and a 52-week high of $134.88. The company has a market cap of $119.09 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.15 and a beta of 0.47.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same period in the prior year, the firm posted $1.43 earnings per share. As a group, equities analysts predict that Newmont Corporation will post 9.06 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio is presently 13.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC purchased a new position in shares of Newmont in the first quarter valued at approximately $25,000. Pinnacle Bancorp Inc. acquired a new position in Newmont in the 1st quarter valued at $25,000. Swiss RE Ltd. purchased a new position in Newmont in the 4th quarter valued at $26,000. Clearstead Trust LLC purchased a new position in Newmont in the 2nd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC boosted its stake 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 purchasing an additional 206 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Rising gold prices are providing the clearest positive catalyst for Newmont and the broader precious-metals sector. Gold’s Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks Research raised its Newmont EPS forecasts for the first and second quarters of 2028 to $2.83 and $2.70, respectively, and increased its FY2028 estimate to $10.81 from $10.63. The revisions suggest improving longer-term earnings expectations, despite Zacks retaining a Hold rating. Newmont earnings estimate revisions
• Positive Sentiment: Newmont maintained its approximately 8.2% ownership in Awalé after the mining company completed a $20.7 million strategic financing, preserving exposure to a potential exploration and development opportunity. Awalé strategic financing
• Neutral Sentiment: Analyst sentiment is mixed: the average brokerage recommendation remains strongly bullish, while Zacks’ quantitative system assigns Newmont a Rank #4 (Sell) because of weaker near-term estimate revisions. This disagreement could increase volatility. Conflicting Newmont ratings
• Negative Sentiment: Executive Vice President Peter Toth sold 3,000 shares worth approximately $280,350 under a pre-arranged Rule 10b5-1 plan. The planned nature reduces its significance, but repeated insider selling can still weigh modestly on sentiment. Newmont EVP stock sale

Analyst Ratings Changes

A number of research firms recently weighed in on NEM. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $168.00 price target on shares of Newmont in a report on Tuesday, July 28th. Raymond James Financial dropped their price objective on Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating on shares of Newmont in a research note on Monday, April 27th. BNP Paribas Exane decreased their target price on Newmont from $111.00 to $102.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.11.

Newmont Company Profile

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.