Providence First Trust Co Acquires Shares of 7,120 Newmont Corporation $NEM

Providence First Trust Co purchased a new stake in Newmont Corporation (NYSE:NEM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,120 shares of the basic materials company’s stock, valued at approximately $711,000.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 1,847 shares during the last quarter. Woodline Partners LP raised its holdings in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after purchasing an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Newmont during the 2nd quarter worth about $240,000. Cerity Partners LLC lifted its position in Newmont by 108.9% during the 2nd quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after purchasing an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Newmont by 8.5% in the 2nd quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock valued at $2,854,000 after purchasing an additional 3,856 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other Newmont news, insider David James Fry sold 18,394 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares of the company’s stock, valued at $1,911,033.15. This represents a 51.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Wexler sold 13,378 shares of the firm’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 $1,473,051.58. Following the transaction, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This represents a 16.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 43,068 shares of company stock valued at $4,769,475 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEM. The Goldman Sachs Group lifted their price target on shares of Newmont from $123.20 to $125.10 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Raymond James Financial raised their price objective on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Stifel Nicolaus upped their target price on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. BMO Capital Markets raised their price target on Newmont from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, BNP Paribas Exane increased their target price on Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $142.51.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Q1 2026 “blowout” results (big revenue and EPS beat) are underpinning earnings momentum and supporting valuation re-rates by analysts. These 3 Companies Reported Record Breaking Results
• Positive Sentiment: Analysts have raised estimates and price targets (examples: BMO to $145, Scotiabank raised FY2026/27 EPS and carries a $151 target, Citi previously raised target to $150) — this adds institutional support for the stock. MarketBeat NEM Coverage
• Positive Sentiment: Newmont is being highlighted in recent “best silver‑mining” and long‑term growth screens, which may attract thematic and precious‑metals flows after the strong quarter. Why Newmont (NEM) Is Among the 8 Best Silver Mining Stocks to Buy
• Neutral Sentiment: Several executives sold shares (Wexler, Thornton, Toth) under pre‑arranged Rule 10b5‑1 plans to cover taxes on vested awards — reduces insider percentages but appears administrative rather than a governance red flag. Insider Selling: Newmont (NEM) Insider Sells
• Neutral Sentiment: Company pays a modest quarterly dividend (annualized ~$1.04) — income element is supportive but not a major driver versus commodity and earnings moves. MarketBeat NEM Coverage
• Negative Sentiment: A prior market reaction to Newmont’s authorization of up to $6B in buybacks triggered sharp intraday selling (~10% decline in one account), illustrating short‑term sensitivity to buyback timing, gold/commodity moves and profit‑taking — that volatility still influences sentiment. Newmont (NEM) Is Down 10.0% After Authorizing US$6 Billion Buyback And Q1 Beat

Newmont Trading Up 0.6%

Shares of NYSE:NEM opened at $109.01 on Wednesday. Newmont Corporation has a 12 month low of $48.27 and a 12 month high of $134.88. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $113.30 and its 200 day simple moving average is $105.68. The firm has a market cap of $116.38 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.54 and a beta of 0.43.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. As a group, research analysts forecast that Newmont Corporation will post 9.5 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed 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 1.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont’s dividend payout ratio is currently 13.49%.

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.