Newmont (NYSE:NEM) EVP Peter Toth Sells 3,000 Shares of Stock

Newmont Corporation (NYSE:NEM) EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $108.00, for a total transaction of $324,000.00. Following the completion of the sale, the executive vice president owned 55,315 shares in the company, valued at $5,974,020. This represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Newmont Stock Down 3.5%

Shares of Newmont stock opened at $95.74 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a market cap of $104.16 billion, a P/E ratio of 14.98, a PEG ratio of 0.77 and a beta of 0.39. The firm’s 50 day moving average price is $118.43 and its 200-day moving average price is $99.40. Newmont Corporation has a 52-week low of $42.93 and a 52-week high of $134.88.

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

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. This is a boost from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio (DPR) is currently 16.28%.

Hedge Funds Weigh In On Newmont

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings 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 valued at $13,390,613,000 after purchasing an additional 637,996 shares during the period. State Street Corp lifted its holdings in shares of Newmont by 1.0% during the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock worth $4,988,491,000 after purchasing an additional 480,223 shares during the period. Van ECK Associates Corp boosted its position in Newmont by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after buying an additional 5,643,496 shares during the last quarter. Geode Capital Management LLC boosted its position in Newmont by 3.6% in 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 buying an additional 946,824 shares during the last quarter. Finally, Norges Bank acquired a new position in Newmont in the 2nd quarter worth approximately $919,170,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported strong quarterly results and recently raised its quarterly dividend, underpinning cash flow and income appeal for long‑term investors.
• Positive Sentiment: Scotiabank maintained a “sector outperform” view on NEM (small trim to its price target), leaving a large implied upside from current levels — a sign some sell‑side support remains. Read More.
• Neutral Sentiment: Analyst coverage remains tilted positive overall (consensus rating = Buy and a high average price target), which could limit downside if bullion stabilizes.
• Neutral Sentiment: Company disclosures include routine 10b5‑1 sales by executives (planned program) — typically pre‑arranged and not an immediate operational red flag. Read More.
• Negative Sentiment: Macro fears that the Fed may delay rate cuts amid sticky inflation and higher oil prices have driven gold and silver lower; miners like Newmont are highly sensitive to bullion moves, pressuring the share price. Read More.
• Negative Sentiment: Rising fuel costs and weaker gold prices are being cited as squeezing miners’ margins and raising concerns about 2026 cost/volume outlook — a direct headwind to near‑term earnings expectations. Read More.
• Negative Sentiment: Recent open‑market insider selling (David James Fry sold ~18,394 shares, disclosed via SEC Form 4) has amplified negative sentiment during a broader sector pullback. Read More.
• Negative Sentiment: Multiple market write‑ups flagged sharp intraday declines after the Fed’s signal and weaker bullion; momentum selling in the sector has exacerbated Newmont’s drop. Read More.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEM. Jefferies Financial Group upped their target price on Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. The Goldman Sachs Group raised their price target on Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a report on Monday, January 12th. Citigroup boosted their price target on Newmont from $118.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of Newmont from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Finally, Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $121.00 to $157.00 in a research report on Friday, February 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $134.10.

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.