D.A. Davidson & CO. Sells 15,964 Shares of Newmont Corporation $NEM

D.A. Davidson & CO. decreased its holdings in shares of Newmont Corporation (NYSE:NEM) by 34.4% in the first quarter, HoldingsChannel reports. The firm owned 30,415 shares of the basic materials company’s stock after selling 15,964 shares during the quarter. D.A. Davidson & CO.’s holdings in Newmont were worth $3,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Newmont by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after buying an additional 615,461 shares in the last quarter. Harmony Asset Management LLC increased its position in shares of Newmont by 10.5% during the first quarter. Harmony Asset Management LLC now owns 15,186 shares of the basic materials company’s stock valued at $1,644,000 after acquiring an additional 1,441 shares in the last quarter. Hudson Canyon Capital Management bought a new stake in Newmont in the 1st quarter worth about $2,197,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Newmont by 1,805.4% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 135,700 shares of the basic materials company’s stock worth $14,685,000 after buying an additional 128,578 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Newmont by 66.2% in the first quarter. Sanctuary Advisors LLC now owns 121,354 shares of the basic materials company’s stock worth $13,137,000 after purchasing an additional 48,352 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

NYSE:NEM opened at $89.80 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The stock has a 50-day simple moving average of $102.32 and a two-hundred day simple moving average of $110.28. The firm has a market capitalization of $95.86 billion, a PE ratio of 11.65, a P/E/G ratio of 1.03 and a beta of 0.46. Newmont Corporation has a 52-week low of $57.86 and a 52-week high of $134.88.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. Analysts forecast that Newmont Corporation will post 9.25 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s dividend payout ratio is currently 13.49%.

Insider Activity

In other Newmont news, insider David John Thornton sold 2,296 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, 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, EVP Peter Wexler sold 13,378 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president directly owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. This trade represents a 16.47% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by insiders.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Newmont to $8.80 from $8.73 and kept a Sector Outperform rating with a $147 price target, signaling continued confidence in earnings power and valuation upside.
• Positive Sentiment: Analysts at other firms continue to view Newmont favorably, with coverage highlighting improving operational efficiency, stronger free cash flow, and ongoing share buybacks as potential supports for the stock.
• Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with no injuries or material damage reported, helping ease concerns about operational disruption while the company advances growth projects such as Ahafo North and Tanami Expansion 2.
• Positive Sentiment: Some research notes argue Newmont remains undervalued relative to net asset value and could benefit from permit-driven growth catalysts, including the Red Chris Block Cave project.
• Neutral Sentiment: Newmont is expected to report quarterly earnings next week, and recent commentary suggests the company may have revenue growth ahead, though it may not have the strongest setup for a clear earnings beat.
• Negative Sentiment: Newmont was downgraded by Zacks Research from strong-buy to hold, adding a cautious note ahead of earnings.
• Negative Sentiment: The stock also fell more sharply than the broader market in the latest session, reflecting investor concern about softer gold prices, higher costs, and near-term earnings uncertainty.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NEM shares. Barclays cut their price target on Newmont from $133.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday. TD upgraded shares of Newmont from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $129.00 to $127.00 in a research note on Tuesday, July 14th. Canaccord Genuity Group raised their price objective on shares of Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial cut their target price on shares of Newmont from $139.00 to $137.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Argus upped their target price on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. 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 stock. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $136.26.

Newmont 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.