D.A. Davidson & CO. Has $3.29 Million Position in Newmont Corporation $NEM

Key Points

• D.A. Davidson & Co. cut its Newmont stake by 34.4% in the first quarter, though it still held 30,415 shares valued at about $3.29 million.
• Wall Street sentiment remains generally positive on Newmont, with analysts including Citigroup and TD issuing favorable ratings and a consensus price target of $136.26, despite some recent target cuts.
• Newmont reported a strong quarter with EPS of $2.90 and revenue of $7.31 billion, and it also paid a quarterly dividend of $0.26 per share for an annualized yield of 1.2%.

D.A. Davidson & CO. decreased its stake in Newmont Corporation (NYSE:NEM - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,415 shares of the basic materials company's stock after selling 15,964 shares during the period. D.A. Davidson & CO.'s holdings in Newmont were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in Newmont during the 4th quarter worth about $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont in the 1st quarter valued at about $25,000. Cedar Mountain Advisors LLC acquired a new position in shares of Newmont in the 1st quarter valued at about $25,000. Swiss RE Ltd. bought a new stake in shares of Newmont in the 4th quarter valued at $26,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Newmont by 312.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 206 shares during the period. Institutional investors own 68.85% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NEM shares. Citigroup reaffirmed a "positive" rating on shares of Newmont in a research note on Wednesday. TD upgraded shares of Newmont from a "hold" rating to a "buy" rating and reduced their price objective for the company from $129.00 to $127.00 in a report on Tuesday, July 14th. Macquarie Infrastructure decreased their target price on shares of Newmont from $133.00 to $123.00 and set an "outperform" rating for the company in a research report on Monday, June 15th. Jefferies Financial Group lowered their target price on shares of Newmont from $158.00 to $146.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Finally, UBS Group decreased their price target on Newmont from $140.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $136.26.

Insider Buying and Selling

In other news, EVP Peter Wexler sold 13,378 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. This trade represents a 16.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Natascha Viljoen sold 3,882 shares of the firm's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the sale, the chief executive officer owned 142,999 shares in the company, valued at approximately $15,060,654.68. This trade represents a 2.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,556 shares of company stock worth $3,058,146 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Newmont to $8.80 from $8.73 and kept a Sector Outperform rating with a $147 price target, signaling continued confidence in earnings power and valuation upside.
• Positive Sentiment: Analysts at other firms continue to view Newmont favorably, with coverage highlighting improving operational efficiency, stronger free cash flow, and ongoing share buybacks as potential supports for the stock.
• Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with no injuries or material damage reported, helping ease concerns about operational disruption while the company advances growth projects such as Ahafo North and Tanami Expansion 2.
• Positive Sentiment: Some research notes argue Newmont remains undervalued relative to net asset value and could benefit from permit-driven growth catalysts, including the Red Chris Block Cave project.
• Neutral Sentiment: Newmont is expected to report quarterly earnings next week, and recent commentary suggests the company may have revenue growth ahead, though it may not have the strongest setup for a clear earnings beat.
• Negative Sentiment: Newmont was downgraded by Zacks Research from strong-buy to hold, adding a cautious note ahead of earnings.
• Negative Sentiment: The stock also fell more sharply than the broader market in the latest session, reflecting investor concern about softer gold prices, higher costs, and near-term earnings uncertainty.

Newmont Stock Performance

NEM stock opened at $89.80 on Monday. The business has a 50 day moving average of $102.32 and a 200-day moving average of $110.28. 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 $95.86 billion, a PE ratio of 11.65, a P/E/G ratio of 1.03 and a beta of 0.46. Newmont Corporation has a 12-month low of $57.86 and a 12-month high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm's revenue for the quarter was up 45.8% on a year-over-year basis. As a group, sell-side analysts expect that Newmont Corporation will post 9.25 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.2%. Newmont's payout ratio is presently 13.49%.

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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