Newmont (NYSE:NEM) Shares Down 2.2% - Here's Why

Key Points

• Shares down 2.2% midday as gold prices eased ahead of U.S. CPI, with trading volume ~8.47M and added near-term pressure from rising short interest (~19.7% jump to ~22.4M) and reported insider selling.
• Analysts remain constructive—multiple price-target increases and new coverage (including JPMorgan's Overweight) leave a MarketBeat consensus of "Buy" with an average target near $134.15, supporting longer-term upside.
• Earnings beat and dividend hike: Newmont posted $2.52 EPS vs. $1.81 expected and $6.82B revenue, and raised its quarterly dividend to $0.26 (annualized $1.04), highlighting solid fundamentals.

Newmont Corporation (NYSE:NEM - Get Free Report) shares traded down 2.2% during mid-day trading on Wednesday . The company traded as low as $113.61 and last traded at $116.2280. 8,465,251 shares changed hands during trading, a decline of 15% from the average session volume of 9,983,551 shares. The stock had previously closed at $118.90.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Multiple analysts have pushed price targets higher and reiterated buy/overweight views after a strong run of results and higher gold — supporting longer-term upside. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: JPMorgan started coverage with an Overweight (positive) view and sees multi-year production growth through 2029, giving fundamental support to the stock beyond short-term gold moves. JPMorgan Predicts Strong Production Growth for Newmont
• Positive Sentiment: Zacks counts NEM among top-ranked names likely to beat upcoming earnings, reinforcing expectations for continued outperformance versus consensus. Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
• Neutral Sentiment: Quiver/market trackers show large institutional repositioning (some big additions and some big reductions) and a median analyst target around $125 — mixed signals that keep the consensus view constructive but not unanimous. Newmont (NEM) slides as gold prices ease
• Negative Sentiment: Gold prices eased into the CPI release, which pressured Newmont (high beta to bullion); macro-driven gold moves can quickly compress miner earnings and stock multiples. Why Newmont Corporation Stock Dropped Again Today
• Negative Sentiment: Quiver notes notable insider selling activity (multiple exec sales) and flagged the stock’s sensitivity to realized gold prices — insider sales can add near-term negative sentiment for some investors. Newmont (NEM) slides as gold prices ease
• Negative Sentiment: Short interest rose ~19.7% in February (to ~22.4M shares), increasing downside pressure if commodity sentiment weakens further (short-interest ratio ~2.4 days).

Analyst Ratings Changes

NEM has been the topic of a number of recent research reports. Argus lifted their price target on shares of Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Royal Bank Of Canada increased their price objective on shares of Newmont from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Canaccord Genuity Group lifted their target price on shares of Newmont from $115.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Canadian Imperial Bank of Commerce lowered their target price on shares of Newmont from $71.00 to $67.00 in a research note on Friday, February 27th. Finally, Scotiabank lifted their price objective on Newmont from $114.00 to $152.00 and gave the company an "outperform" rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Newmont presently has a consensus rating of "Buy" and an average target price of $134.15.

Newmont Stock Down 2.2%

The company has a market cap of $126.44 billion, a P/E ratio of 18.19, a PEG ratio of 0.91 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The business's 50 day moving average price is $117.94 and its 200-day moving average price is $97.81.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the company earned $1.40 EPS. Newmont's revenue for the quarter was up 20.6% on a year-over-year basis. On average, analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Newmont's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. Newmont's dividend payout ratio is 16.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larry Mathis Financial Planning LLC bought a new position in shares of Newmont in the fourth quarter worth about $569,000. Corient Private Wealth LLC increased its holdings in shares of Newmont by 34.1% in the fourth quarter. Corient Private Wealth LLC now owns 129,422 shares of the basic materials company's stock valued at $12,929,000 after purchasing an additional 32,944 shares in the last quarter. Flax Pond Capital LLC acquired a new stake in shares of Newmont in the fourth quarter valued at approximately $3,658,000. Hsbc Holdings PLC raised its position in Newmont by 28.0% in the 4th quarter. Hsbc Holdings PLC now owns 4,223,631 shares of the basic materials company's stock worth $422,149,000 after purchasing an additional 923,546 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Newmont in the 4th quarter worth approximately $339,000. Institutional investors and hedge funds own 68.85% of the company's stock.

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.

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.