Newmont Corporation (NYSE:NEM – Get Free Report) saw some unusual options trading activity on Monday. Investors acquired 46,555 call options on the company. This represents an increase of approximately 83% compared to the average volume of 25,399 call options.
Wall Street Analyst Weigh In
NEM has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on Newmont from $154.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada cut their price target on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. National Bank Financial boosted their price objective on shares of Newmont from $130.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Argus increased their price objective on shares of Newmont from $94.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, TD Securities reissued a “hold” rating and issued a $129.00 price objective on shares of Newmont in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average target price of $139.88.
Read Our Latest Research Report on Newmont
Insider Activity at Newmont
Institutional Trading of Newmont
Several large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its position in Newmont by 64.6% during the 4th 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. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Newmont by 24.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock valued at $30,775,000 after acquiring an additional 54,530 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after acquiring an additional 183,360 shares during the last quarter. Leonteq Securities AG bought a new stake in Newmont during the fourth quarter worth about $9,018,000. Finally, Waverton Investment Management Ltd boosted its position in Newmont by 3.4% during the third quarter. Waverton Investment Management Ltd now owns 704,331 shares of the basic materials company’s stock valued at $59,365,000 after purchasing an additional 23,139 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.
Newmont Stock Up 1.3%
Shares of Newmont stock opened at $94.59 on Wednesday. Newmont has a fifty-two week low of $55.37 and a fifty-two week high of $134.88. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The firm has a market cap of $100.98 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.57 and a beta of 0.42. The business has a 50-day moving average price of $107.10 and a 200 day moving average price of $110.93.
Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. On average, sell-side analysts forecast that Newmont will post 9.91 earnings per share for the current fiscal year.
Newmont Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont’s payout ratio is currently 13.49%.
Key Headlines Impacting Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Analyst commentary remains constructive overall: Raymond James kept an Outperform rating and UBS kept a Buy rating on Newmont, even though both trimmed price targets. The lowered targets still imply meaningful upside from current levels. Article Title Article Title
- Positive Sentiment: Newmont’s liquidity, cash flow generation, and debt reduction were highlighted as supportive of growth projects and shareholder returns, which may help investor confidence over time. Article Title
- Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for upside in NEM, which can be a bullish sentiment signal. Article Title
- Neutral Sentiment: Several articles framed Newmont as a closely watched stock and discussed its relationship to gold-sector momentum, but these items were mostly broad commentary rather than company-specific catalysts. Article Title Article Title
- Negative Sentiment: Newmont traded lower as the broader market rose, reflecting near-term weakness and suggesting investors are rotating away from the name despite supportive long-term fundamentals. Article Title
- Negative Sentiment: Raymond James and UBS both cut their price targets on Newmont, which can weigh on sentiment even though both firms remain bullish on the stock. Article Title Article Title
- Negative Sentiment: Coverage noted that gold’s 2026 rally has cooled, which is relevant because Newmont’s earnings and valuation are highly tied to gold prices and mining-sector sentiment. Article Title
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.
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