Newmont (NYSE:NEM) CEO Sells $807,456.00 in Stock

Newmont Corporation (NYSE:NEM) CEO Natascha Viljoen sold 7,764 shares of the business’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 sale, the chief executive officer directly owned 135,235 shares in the company, valued at $14,064,440. This trade represents a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Price Performance

NEM stock traded up $7.60 during midday trading on Friday, hitting $113.03. 10,613,668 shares of the stock were exchanged, compared to its average volume of 9,093,467. The stock’s 50-day moving average price is $97.86 and its 200-day moving average price is $109.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The stock has a market cap of $119.09 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.15 and a beta of 0.47. Newmont Corporation has a fifty-two week low of $67.11 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.35 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. Research analysts predict that Newmont Corporation will post 9.06 earnings per share for the current year.

Newmont Dividend Announcement

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

Wall Street Analyst Weigh In

NEM has been the topic of several recent research reports. Barclays reduced their price target on shares of Newmont from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Jefferies Financial Group cut their price objective on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Macquarie Infrastructure dropped their price target on Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research report on Monday, June 15th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.11.

Newmont News Summary

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Newmont by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company’s stock worth $13,390,613,000 after buying an additional 637,996 shares during the period. BlackRock Inc. purchased a new stake in shares of Newmont during the 2nd quarter valued at about $11,289,753,000. State Street Corp lifted its position in Newmont by 1.0% during the 4th quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock worth $4,988,491,000 after acquiring an additional 480,223 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Newmont by 23.4% in 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 acquiring an additional 5,643,496 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Newmont by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock valued at $2,738,756,000 after purchasing an additional 946,824 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.