Newmont Corporation (NYSE:NEM – Get Free Report) EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Toth also recently made the following trade(s):
- On Thursday, October 1st, Peter Toth sold 3,000 shares of Newmont stock. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00.
- On Tuesday, September 1st, Peter Toth sold 3,000 shares of Newmont stock. The shares were sold at an average price of $123.00, for a total transaction of $369,000.00.
Newmont Stock Performance
NYSE:NEM opened at $119.74 on Friday. The stock has a market capitalization of $124.43 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The firm has a 50 day moving average of $119.10 and a 200-day moving average of $112.47.
Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the company earned $1.71 EPS. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.14 EPS for the current fiscal year.
Newmont Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s payout ratio is presently 12.09%.
Key Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
- Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
- Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
- Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
- Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
- Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Cedar Mountain Advisors LLC bought a new position in Newmont in the first quarter valued at about $25,000. Clearstead Trust LLC bought a new stake in Newmont during the 2nd quarter worth about $25,000. Kilter Group LLC bought a new stake in Newmont during the 2nd quarter worth about $26,000. GoalVest Advisory LLC bought a new stake in Newmont during the 3rd quarter worth about $28,000. Finally, Winthrop Capital Management LLC bought a new stake in Newmont during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 68.85% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on NEM. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. Royal Bank Of Canada lifted their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Barclays reduced their price target on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Sanford C. Bernstein upped their price target on shares of Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. Finally, TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.
Get Our Latest Analysis on Newmont
About Newmont
Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.
Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.
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