Argent Advisors Inc. Makes New $1.86 Million Investment in Newmont Corporation $NEM

Argent Advisors Inc. purchased a new stake in shares of Newmont Corporation (NYSE:NEM) during the first quarter, Holdings Channel.com reports. The firm purchased 17,202 shares of the basic materials company’s stock, valued at approximately $1,862,000.

Several other large investors have also recently made changes to their positions in the business. Apella Capital LLC lifted its stake in Newmont by 4.1% in the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 86 shares during the last quarter. New Wave Wealth Advisors LLC grew its stake in shares of Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after buying an additional 88 shares during the last quarter. Novem Group grew its stake in shares of Newmont by 3.7% during the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after buying an additional 88 shares during the last quarter. Norden Group LLC increased its holdings in shares of Newmont by 0.7% in the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after buying an additional 90 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Newmont by 1.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after buying an additional 96 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider David John Thornton sold 2,296 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the completion of the transaction, the insider owned 23,163 shares in the company, valued at $2,550,477.93. This represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at $15,060,654.68. The trade was a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 25,556 shares of company stock worth $2,781,006 in the last ninety days. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

NEM has been the subject of several analyst reports. TD increased their target price on Newmont from $116.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 27th. Canaccord Genuity Group lifted their price target on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD Cowen reiterated a “buy” rating on shares of Newmont in a research report on Monday, April 27th. Jefferies Financial Group increased their price objective on Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Macquarie Infrastructure cut their target price on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.35.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: UBS and Goldman Sachs both kept bullish ratings on Newmont while lowering price targets, indicating analysts still see meaningful upside from current levels. Article Title
• Positive Sentiment: Raymond James also reiterated an outperform view on Newmont, reinforcing optimism despite weaker gold prices. Article Title
• Positive Sentiment: Newmont was highlighted as a potential long-haul beneficiary if gold prices rebound after their steep recent selloff. Article Title
• Positive Sentiment: Newmont’s upcoming second-quarter 2026 earnings release could be a catalyst if results show strong cash flow and resilience versus softer gold prices. Article Title
• Neutral Sentiment: An insider sale filing by executive Peter Toth under a trading plan may create some headline noise, but the transaction is small and does not necessarily signal a change in outlook. Article Title

Newmont Stock Performance

Newmont stock opened at $93.16 on Thursday. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $106.66 and a 200-day moving average of $110.89. The firm has a market cap of $99.45 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.55 and a beta of 0.46. Newmont Corporation has a 1-year low of $55.37 and a 1-year high of $134.88.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.Newmont’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Sell-side analysts expect that Newmont Corporation will post 9.91 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s payout ratio is 13.49%.

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.