Newmont Corporation (NYSE:NEM – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $135.09 and last traded at $135.2280, with a volume of 4969026 shares traded. The stock had previously closed at $131.84.
Key Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Gold prices near record levels are strengthening the outlook for Newmont’s margins and cash generation. The company’s shares have benefited from the broader gold rally, which has been supported by lower bond yields, a weaker dollar and renewed investor demand for precious metals. Why is Newmont in focus as gold hovers near record highs?
- Positive Sentiment: Newmont reported strong operating and financial results, including approximately 1.29 million ounces of gold production, $2.2 billion of adjusted net income, record quarterly free cash flow of $2.2 billion and $1.9 billion returned to shareholders. Management also reaffirmed its 2026 guidance. Newmont: Investors Punished Barrick For This Deal
- Positive Sentiment: Strong liquidity, operating cash flow and debt reduction leave Newmont with financial flexibility to fund expansion projects while continuing shareholder distributions. Its Tier-1 assets and long mine lives add to the longer-term investment case. Will Newmont’s Liquidity Strength Unlock Growth and Value?
- Neutral Sentiment: Analysts comparing Newmont with Barrick Mining see both companies benefiting from elevated gold prices, but differing production growth, costs, projects and valuations could influence relative performance. Gold-miner ETFs also provide an alternative way for investors to gain exposure to the sector. Newmont vs. Barrick Mining
- Negative Sentiment: Some commentary warns that the rally may have moved ahead of fundamentals. Newmont expects a 2026 production trough of roughly 5.3 million ounces while all-in sustaining costs could rise to $1,680 per ounce, potentially limiting the benefit of high gold prices. A rating downgrade also reflects concerns that the market has already priced in much of the improvement. Newmont: The Market Has Finally Caught Up
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on NEM. Jefferies Financial Group cut their price target on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, July 6th. Citigroup decreased their price objective on Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings downgraded Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. Macquarie Infrastructure dropped their target price on Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.73.
Newmont Stock Up 0.4%
The firm has a market capitalization of $139.29 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.39 and a beta of 0.47. 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 firm has a 50-day moving average of $103.17 and a two-hundred day moving average of $109.32.
Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities research analysts forecast that Newmont Corporation will post 9.01 EPS for the current year.
Newmont Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s payout ratio is currently 13.13%.
Insider Transactions at Newmont
In related news, CFO Brian Tabolt sold 11,445 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the transaction, the chief executive officer owned 135,235 shares in the company, valued at $14,064,440. The trade was a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Newmont
Hedge funds have recently made changes to their positions in the business. Leonteq Securities AG purchased a new stake in shares of Newmont during the fourth quarter worth $9,018,000. ARS Investment Partners LLC grew its stake in Newmont by 3.6% in 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 purchasing an additional 23,900 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Newmont in the 2nd quarter worth about $36,180,000. Asset One Wealth Management LLC acquired a new position in Newmont in the 2nd quarter worth about $2,866,000. Finally, Private Advisory Group LLC purchased a new stake in shares of Newmont during the 2nd quarter worth about $10,430,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.
Newmont Company Profile
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.
Read More
- Five stocks we like better than Newmont
- Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter
- NVIDIA’s Blockbuster Quarter May Still Undersell How Big the AI Buildout Is
- Alphabet Is Building a Base—Could a Breakout Be Next?
- When Unusual Volume Isn’t Noise: 3 Small-Caps Sending Signals
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.
