Newmont (NYSE:NEM) Shares Gap Down on Insider Selling

Newmont Corporation (NYSE:NEM)’s share price gapped down before the market opened on Thursday following insider selling activity. The stock had previously closed at $106.54, but opened at $96.20. Newmont shares last traded at $98.6910, with a volume of 5,631,392 shares.

Specifically, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the sale, the insider owned 17,147 shares in the company, valued at approximately $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Canadian Imperial Bank of Commerce reduced their price target on shares of Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Stifel Nicolaus increased their target price on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Finally, UBS Group lowered their price objective on Newmont from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Newmont has an average rating of “Buy” and a consensus price target of $134.15.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst support and elevated price targets remain in place, giving the stock upside if gold stabilizes — several firms maintain buy/outperform views and above‑current median targets.
• Positive Sentiment: Dividend increase/reaffirmation: Newmont recently raised its quarterly payout, supporting income investors and limiting downside in a weak gold environment. Read More.
• Neutral Sentiment: Planned 10b5‑1 sale: An executive scheduled a routine restricted‑stock sale under a trading plan — typically prearranged and not an immediate signal of company issues. Read More.
• Neutral Sentiment: Market coverage is broadly noting the same drivers (gold weakness, Fed outlook, guidance sensitivity), providing context but no new company‑specific catalyst. Read More.
• Negative Sentiment: Fed decision and gold pullback: Coverage links Newmont’s drop to the Fed holding rates steady and signaling only limited cuts in 2026, which bolsters the dollar and pressures gold — a core driver for miner multiples. Read More.
• Negative Sentiment: 2026 outlook risk: Investors are re‑evaluating guidance that implies lower production and higher AISC next year; that makes margins and cashflow more sensitive to gold weakness. Read More.
• Negative Sentiment: Insider selling: A senior insider sold ~18,400 shares (~$2.05M), materially trimming their stake; large open‑market sales can amplify negative sentiment during sector weakness. Read More.

Newmont Trading Down 7.1%

The company has a market cap of $107.62 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 0.86 and a beta of 0.39. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $118.86 and its two-hundred day moving average price is $99.25.

Newmont (NYSE:NEM) 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. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. Newmont’s dividend payout ratio (DPR) is currently 16.28%.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Estate Counselors LLC bought a new position in Newmont in the third quarter valued at approximately $4,182,000. AustralianSuper Pty Ltd raised its position in shares of Newmont by 124.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after acquiring an additional 183,360 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Newmont by 286.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock valued at $5,101,000 after acquiring an additional 44,846 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Newmont by 172.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock valued at $362,888,000 after purchasing an additional 2,723,044 shares during the period. Finally, Live Oak Investment Partners bought a new position in shares of Newmont in the 3rd quarter worth $2,232,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.