Newmont (NYSE:NEM) Trading Up 1.7% – Still a Buy?

Newmont Corporation (NYSE:NEM) shares shot up 1.7% during trading on Monday . The stock traded as high as $126.23 and last traded at $124.1580. 9,305,312 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 10,039,518 shares. The stock had previously closed at $122.13.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Bullish analysis raises valuation and target after strong results: author cites $2.52 EPS, ~$6.8B revenue and record ~$7.3B free cash flow plus a $1.1B annual dividend and $3.6B buyback program as reasons to increase the price target. Newmont Mining: $5100 Gold, 14x P/E – Raising My Price Target
• Positive Sentiment: Zacks flags NEM as a top-ranked value stock under its Style Scores, which can attract value-focused flows and support the share price. Newmont Corporation (NEM) is a Top-Ranked Value Stock: Should You Buy?
• Neutral Sentiment: Elevated investor attention noted by Zacks/Yahoo — increased search and watchlist activity may boost volume and liquidity but doesn’t change fundamentals by itself. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Critical analysis highlights reasons to avoid the stock; such negative narratives can temper momentum and discourage some investors. Newmont: 3 Reasons I’m Avoiding This Stock
• Negative Sentiment: An analyst downgrade has already pressured the shares, signaling short-term downside risk despite strong fundamentals. Newmont (NYSE:NEM) Stock Price Down 2.6% on Analyst Downgrade

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEM shares. National Bank Financial raised their price target on Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group raised their target price on shares of Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a report on Monday, January 12th. Royal Bank Of Canada upped their price target on shares of Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Finally, TD Cowen boosted their price objective on shares of Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.88.

Newmont Price Performance

The company has a market cap of $135.07 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.02 and a beta of 0.40. The business has a 50 day moving average of $113.12 and a 200 day moving average of $93.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate of $1.81 by $0.71. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 EPS. As a group, research analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. 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 (DPR) is 15.65%.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Newmont

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new position in Newmont during the fourth quarter valued at $25,000. Physician Wealth Advisors Inc. increased its stake in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of Newmont in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC lifted its position in 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. Finally, JPL Wealth Management LLC bought a new stake in Newmont during the third quarter worth about $27,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.