Brian Tabolt Sells 11,445 Shares of Newmont (NYSE:NEM) Stock

Key Points

• Newmont CFO Brian Tabolt sold 11,445 shares at an average price of $105.09, generating approximately $1.20 million and reducing his stake by 28.07% to 29,324 shares.
• Newmont shares rose 7.2% to $113.03, while the company reported quarterly EPS of $2.10, slightly above analyst estimates, despite revenue coming in below expectations.
• The company declared a quarterly dividend of $0.26 per share, or $1.04 annualized, representing a 0.9% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $132.11.

Newmont Corporation (NYSE:NEM - Get Free Report) CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Newmont Stock Up 7.2%

NEM traded up $7.60 during trading on Friday, hitting $113.03. The stock had a trading volume of 10,613,668 shares, compared to its average volume of 9,093,467. The stock has a 50 day simple moving average of $97.86 and a two-hundred day simple moving average of $109.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. Newmont Corporation has a twelve month low of $67.11 and a twelve month high of $134.88. The company has a market capitalization of $119.09 billion, a PE ratio of 14.27, a PEG ratio of 1.15 and a beta of 0.47.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion for 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 period in the prior year, the firm posted $1.43 earnings per share. On average, research analysts predict 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. Investors of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont's dividend payout ratio (DPR) is 13.13%.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Newmont during the second quarter valued at $11,289,753,000. Occidental Asset Management LLC acquired a new stake in Newmont during the 2nd quarter worth about $2,419,000. Pallas Capital Advisors LLC purchased a new position in shares of Newmont during the 2nd quarter valued at about $1,149,000. Deutsche Bank AG acquired a new position in shares of Newmont in the 2nd quarter valued at about $911,180,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Newmont in the 2nd quarter valued at about $3,568,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Rising gold prices are providing the clearest positive catalyst for Newmont and the broader precious-metals sector. Gold's Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks Research raised its Newmont EPS forecasts for the first and second quarters of 2028 to $2.83 and $2.70, respectively, and increased its FY2028 estimate to $10.81 from $10.63. The revisions suggest improving longer-term earnings expectations, despite Zacks retaining a Hold rating. Newmont earnings estimate revisions
• Positive Sentiment: Newmont maintained its approximately 8.2% ownership in Awalé after the mining company completed a $20.7 million strategic financing, preserving exposure to a potential exploration and development opportunity. Awalé strategic financing
• Neutral Sentiment: Analyst sentiment is mixed: the average brokerage recommendation remains strongly bullish, while Zacks’ quantitative system assigns Newmont a Rank #4 (Sell) because of weaker near-term estimate revisions. This disagreement could increase volatility. Conflicting Newmont ratings
• Negative Sentiment: Executive Vice President Peter Toth sold 3,000 shares worth approximately $280,350 under a pre-arranged Rule 10b5-1 plan. The planned nature reduces its significance, but repeated insider selling can still weigh modestly on sentiment. Newmont EVP stock sale

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NEM. TD Cowen reaffirmed a "buy" rating on shares of Newmont in a report on Monday, April 27th. Scotiabank cut their target price on Newmont from $151.00 to $147.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce restated an "outperform" rating and issued a $168.00 target price on shares of Newmont in a research note on Tuesday, July 28th. National Bank Financial dropped their price target on Newmont from $140.00 to $125.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Finally, UBS Group cut their price objective on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Newmont presently has a consensus rating of "Moderate Buy" and an average price target of $132.11.

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.

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