RFG Advisory LLC Sells 6,994 Shares of Newmont Corporation $NEM

RFG Advisory LLC trimmed its position in Newmont Corporation (NYSE:NEM) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,516 shares of the basic materials company’s stock after selling 6,994 shares during the period. RFG Advisory LLC’s holdings in Newmont were worth $3,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Estate Counselors LLC purchased a new stake in shares of Newmont during the third quarter worth $4,182,000. CWM LLC grew its position in shares of Newmont by 64.6% in the fourth quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock valued at $20,259,000 after purchasing an additional 79,617 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after purchasing an additional 183,360 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Newmont by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock worth $30,775,000 after buying an additional 54,530 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in Newmont by 286.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock worth $5,101,000 after buying an additional 44,846 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Up 5.5%

Shares of NYSE:NEM opened at $114.97 on Thursday. The company has a market capitalization of $122.74 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.55 and a beta of 0.43. Newmont Corporation has a 12-month low of $48.27 and a 12-month high of $134.88. The business has a 50-day moving average price of $113.12 and a 200 day moving average price of $105.80. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 33.87% and a return on equity of 27.84%. Newmont’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. Sell-side analysts expect that Newmont Corporation will post 9.5 EPS for the current year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont’s dividend payout ratio is currently 13.49%.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s blowout Q1 results and revenue/EPS beats have reinforced earnings momentum and underpinned upgrades and higher price targets from several firms (BMO, Citigroup, Scotiabank among others), which supports upside sentiment for the stock. Read More.
• Positive Sentiment: Scotiabank raised its FY2026/2027 EPS forecasts and maintains a Sector Outperform view with a $151 target, signaling improving analyst fundamentals that can lift investor expectations. Read More.
• Positive Sentiment: Newmont-funded exploration: Newmont fully funded Headwater Gold’s 2025–26 Lodestar drill program under an earn?in and the program identified a new “Meridian Zone” — positive for Newmont’s Nevada exploration pipeline and optionality. Read More.
• Positive Sentiment: Investor interest from thematic/precious?metals screens: Newmont is being highlighted in recent “best silver mining” and long?term growth lists after its strong quarter, which can attract new flows from sector ETFs and retail buyers. Read More.
• Neutral Sentiment: Insider share sales (executive filings including Rule 10b5?1 plans) were reported; filings show sales were largely to cover tax withholding on vested awards and executed under pre?arranged plans, which appears administrative rather than an outright negative signal. Read More.
• Neutral Sentiment: Newmont pays a modest quarterly dividend (recently announced), which supports income investors but is not the primary driver of large directional moves. Read More.
• Negative Sentiment: Earlier in May the market reacted negatively after Newmont authorized up to US$6 billion in buybacks despite the Q1 beat; that announcement triggered intra?day selling in some accounts—an example of how capital allocation timing/scale can prompt short?term profit?taking. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NEM. BMO Capital Markets raised their target price on Newmont from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. TD Securities reissued a “hold” rating and issued a $129.00 price objective on shares of Newmont in a report on Monday, April 27th. Jefferies Financial Group raised their price objective on shares of Newmont from $162.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. The Goldman Sachs Group boosted their target price on shares of Newmont from $123.20 to $125.10 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Stifel Nicolaus raised their price target on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $142.51.

Insider Buying and Selling at Newmont

In other Newmont news, insider David John Thornton sold 2,296 shares of the business’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 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. The trade was a 9.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 business’s 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 transaction, the executive vice president owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. The trade was a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders have sold 43,068 shares of company stock worth $4,769,475. 0.06% of the stock is currently owned by company insiders.

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.