Insider Selling: Newmont (NYSE:NEM) CEO Sells 7,764 Shares

Key Points

• Newmont CEO Natascha Viljoen sold 7,764 shares at an average of $104, generating $807,456. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 135,235 shares.
• Newmont reported quarterly EPS of $2.10, exceeding the $2.05 analyst consensus, while revenue of $6.12 billion fell short of the $6.35 billion estimate.
• The stock recently traded at $113.03, and analysts maintain a Moderate Buy consensus with an average price target of $132.11. Newmont also announced a quarterly dividend of $0.26 per share.

Newmont Corporation (NYSE:NEM - Get Free Report) CEO Natascha Viljoen sold 7,764 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction of $807,456.00. Following the transaction, the chief executive officer directly owned 135,235 shares in the company, valued at $14,064,440. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Natascha Viljoen also recently made the following trade(s):

• On Monday, June 1st, Natascha Viljoen sold 3,882 shares of Newmont stock. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24.

Newmont Stock Performance

Shares of NYSE:NEM traded up $7.60 on Friday, reaching $113.03. The company's stock had a trading volume of 10,613,668 shares, compared to its average volume of 9,093,467. Newmont Corporation has a 52-week low of $67.11 and a 52-week high of $134.88. The stock has a market capitalization of $119.09 billion, a P/E ratio of 14.27, a PEG ratio of 1.15 and a beta of 0.47. The stock's 50-day moving average is $97.86 and its two-hundred day moving average is $109.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM - Get Free Report) last released 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 firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter last year, the company posted $1.43 earnings per share. As a group, sell-side analysts forecast that Newmont Corporation will post 9.06 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders 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 0.9%. The ex-dividend date is Thursday, September 3rd. Newmont's dividend payout ratio (DPR) is 13.13%.

Newmont News Roundup

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC acquired a new stake in Newmont in the first quarter valued at $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont during the 1st quarter worth $25,000. Swiss RE Ltd. purchased a new position in shares of Newmont in the 4th quarter valued at about $26,000. Clearstead Trust LLC purchased a new position in shares of Newmont in the 2nd quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NEM. TD Cowen restated a "buy" rating on shares of Newmont in a research note on Monday, April 27th. TD raised shares of Newmont from a "hold" rating to a "buy" rating and dropped their price objective for the company from $129.00 to $127.00 in a research note on Tuesday, July 14th. Argus set a $110.00 price objective on shares of Newmont in a research report on Monday. Canaccord Genuity Group dropped their price target on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Finally, Zacks Research cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Two 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 has an average rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source