Insider Selling: Newmont (NYSE:NEM) EVP Sells $280,350.00 in Stock

Newmont Corporation (NYSE:NEM) EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total transaction of $280,350.00. Following the completion of the transaction, the executive vice president directly owned 40,315 shares of the company’s stock, valued at approximately $3,767,436.75. This represents a 6.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Toth also recently made the following trade(s):

• On Wednesday, July 1st, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00.
• On Monday, June 1st, Peter Toth sold 3,000 shares of Newmont stock. The stock was sold at an average price of $105.32, for a total transaction of $315,960.00.

Newmont Trading Up 7.2%

Newmont stock opened at $113.03 on Friday. Newmont Corporation has a 1 year low of $67.11 and a 1 year high of $134.88. The firm’s 50-day moving average is $97.92 and its 200-day moving average is $109.08. 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 company has a market cap of $119.09 billion, a P/E ratio of 14.27, a PEG ratio of 1.17 and a beta of 0.47.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion during 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 EPS. On average, equities analysts expect that Newmont Corporation will post 9.06 earnings per share for the current year.

Newmont Announces Dividend

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

Hedge Funds Weigh In On Newmont

Several hedge funds and other institutional investors have recently made changes to their positions in NEM. Apella Capital LLC raised its stake in shares of Newmont by 4.1% in the 4th quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 86 shares during the period. New Wave Wealth Advisors LLC boosted its position in shares of Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock worth $684,000 after buying an additional 88 shares during the period. Novem Group grew its holdings in shares of Newmont by 3.7% during the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after buying an additional 88 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Newmont by 1.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after buying an additional 96 shares in the last quarter. Finally, Coston McIsaac & Partners raised its position in Newmont by 28.6% in the 4th quarter. Coston McIsaac & Partners now owns 450 shares of the basic materials company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on NEM shares. The Goldman Sachs Group cut their price target on Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a report on Wednesday, July 1st. UBS Group lowered their price objective on Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Barclays dropped their target price on Newmont from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 28th. Canaccord Genuity Group cut their target price on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Argus set a $110.00 price target on shares of Newmont in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.11.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold’s Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

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.