Newmont (NYSE:NEM) Trading Down 2.2% – Should You Sell?

Newmont Corporation (NYSE:NEM) shares fell 2.2% during trading on Wednesday . The company traded as low as $113.61 and last traded at $116.2280. 8,465,251 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 9,983,551 shares. The stock had previously closed at $118.90.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Multiple analysts have pushed price targets higher and reiterated buy/overweight views after a strong run of results and higher gold — supporting longer-term upside. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: JPMorgan started coverage with an Overweight (positive) view and sees multi-year production growth through 2029, giving fundamental support to the stock beyond short-term gold moves. JPMorgan Predicts Strong Production Growth for Newmont
• Positive Sentiment: Zacks counts NEM among top-ranked names likely to beat upcoming earnings, reinforcing expectations for continued outperformance versus consensus. Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
• Neutral Sentiment: Quiver/market trackers show large institutional repositioning (some big additions and some big reductions) and a median analyst target around $125 — mixed signals that keep the consensus view constructive but not unanimous. Newmont (NEM) slides as gold prices ease
• Negative Sentiment: Gold prices eased into the CPI release, which pressured Newmont (high beta to bullion); macro-driven gold moves can quickly compress miner earnings and stock multiples. Why Newmont Corporation Stock Dropped Again Today
• Negative Sentiment: Quiver notes notable insider selling activity (multiple exec sales) and flagged the stock’s sensitivity to realized gold prices — insider sales can add near-term negative sentiment for some investors. Newmont (NEM) slides as gold prices ease
• Negative Sentiment: Short interest rose ~19.7% in February (to ~22.4M shares), increasing downside pressure if commodity sentiment weakens further (short-interest ratio ~2.4 days).

Analyst Ratings Changes

NEM has been the topic of several research reports. Raymond James Financial upped their price target on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. TD Cowen lifted their price objective on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Finally, Sanford C. Bernstein upgraded shares of Newmont from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $134.15.

Newmont Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The company has a 50-day moving average price of $117.94 and a 200-day moving average price of $97.81. The firm has a market capitalization of $126.44 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.39.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts predict that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is 16.28%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Larry Mathis Financial Planning LLC bought a new stake in Newmont in the fourth quarter valued at approximately $569,000. Corient Private Wealth LLC boosted its position in shares of Newmont by 34.1% during the fourth quarter. Corient Private Wealth LLC now owns 129,422 shares of the basic materials company’s stock worth $12,929,000 after purchasing an additional 32,944 shares in the last quarter. Flax Pond Capital LLC bought a new stake in shares of Newmont in the 4th quarter valued at $3,658,000. Hsbc Holdings PLC raised its stake in Newmont by 28.0% during the 4th quarter. Hsbc Holdings PLC now owns 4,223,631 shares of the basic materials company’s stock worth $422,149,000 after buying an additional 923,546 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Newmont during the fourth quarter worth about $339,000. Institutional investors and hedge funds 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.