Traders Buy High Volume of Newmont Call Options (NYSE:NEM)

Newmont Corporation (NYSE:NEM) was the target of some unusual options trading on Wednesday. Stock traders purchased 37,951 call options on the company. This is an increase of approximately 71% compared to the average volume of 22,130 call options.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total transaction of $277,140.00. Following the completion of the sale, the executive vice president owned 43,315 shares in the company, valued at $4,001,439.70. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,882 shares of company stock valued at $1,001,952 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Newmont

Institutional investors have recently made changes to their positions in the stock. CWM LLC grew its holdings in shares of Newmont by 64.6% during the fourth quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock worth $20,259,000 after buying an additional 79,617 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Newmont during the fourth quarter valued at approximately $9,018,000. ARS Investment Partners LLC lifted its stake in shares of Newmont by 3.6% during the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock valued at $69,602,000 after buying an additional 23,900 shares during the period. Ritholtz Wealth Management boosted its position in Newmont by 67.0% during the fourth quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock worth $4,069,000 after acquiring an additional 16,352 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new stake in Newmont in the 4th quarter worth approximately $7,684,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NYSE NEM opened at $95.81 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $98.77 and its 200 day moving average price is $109.56. Newmont has a 52 week low of $61.76 and a 52 week high of $134.88. The stock has a market cap of $100.95 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.02 and a beta of 0.46.

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, beating the consensus estimate of $2.05 by $0.05. The company 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 quarter in the prior year, the firm earned $1.43 earnings per share. As a group, research analysts forecast that Newmont will post 8.99 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont’s dividend payout ratio is presently 13.13%.

Analyst Ratings Changes

Several analysts have recently commented on NEM shares. Wall Street Zen cut shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup dropped their price target on shares of Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. National Bank Financial cut their price target on shares of Newmont from $140.00 to $125.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Bank of America reduced their price objective on shares of Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Argus boosted their target price on Newmont from $94.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Two 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 data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average target price of $132.83.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raises earnings estimate and maintains bullish rating: Scotiabank lifted its FY2026 earnings-per-share forecast for Newmont to $8.83 from $8.80, kept a “Sector Outperform” rating, and retained a $147 price target. The target implies meaningful upside from recent trading levels and reinforces the view that Newmont’s production portfolio and gold exposure can support earnings growth. Scotiabank raises Newmont earnings estimate
• Positive Sentiment: Heavy call-option buying signals bullish positioning: Investors purchased 37,951 Newmont call options on Wednesday, approximately 71% above typical daily volume. While options activity does not guarantee future performance, the unusually high call volume suggests increased speculative or hedging demand for an upside move. Investors buy high volume of Newmont call options
• Neutral Sentiment: Newmont versus Equinox comparison highlights competing investment factors: Both Newmont (NEM) and Equinox Gold (EQX) are described as having growth pipelines, strong balance sheets, and shareholder-return potential. Differences in valuation, expected production growth, and expansion plans mean the comparison is relevant to investors, but it does not provide a direct new catalyst for NEM. NEM versus EQX comparison
• Neutral Sentiment: Executive stock awards and ownership disclosures: Several Newmont executives, including the chief technical officer and chief operating officer, reported stock awards or changes in holdings. These routine filings may align management with shareholders, but they do not represent open-market purchases or materially change the company’s fundamentals. Newmont executive stock filings

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.