State of Wyoming Sells 5,040 Shares of Newmont Corporation $NEM

State of Wyoming lowered its position in Newmont Corporation (NYSE:NEM) by 36.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,875 shares of the basic materials company’s stock after selling 5,040 shares during the period. State of Wyoming’s holdings in Newmont were worth $886,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NEM. GoalVest Advisory LLC bought a new position in shares of Newmont in the 4th quarter worth approximately $25,000. Physician Wealth Advisors Inc. raised its position in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Newmont in the 3rd quarter worth approximately $27,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Newmont in the 4th quarter worth approximately $28,000. Institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record gold prices are putting Newmont back in focus, reinforcing the stock’s appeal as a major gold producer and potential beneficiary of sustained strength in bullion. Record Gold Prices Put Newmont Back In Market Focus
• Positive Sentiment: RBC Capital maintained an outperform rating on Newmont despite lowering its price target to $140, signaling continued confidence in upside from current levels. RBC price target update
• Positive Sentiment: Recent bullish research also highlighted Newmont’s strong free cash flow, solid liquidity, and the company’s $6 billion buyback authorization as supportive long-term fundamentals. Newmont: Gold’s Volatility Creates A Long-Term Opportunity
• Neutral Sentiment: Insider selling by CEO Natascha Viljoen and EVP Peter Toth was disclosed, but both trades were made under pre-arranged Rule 10b5-1 plans, which makes them less likely to signal a negative change in outlook.
• Neutral Sentiment: Some recent articles suggest Newmont may be trading near fair value after its sharp multi-month rally, so investors are weighing whether most of the near-term upside is already priced in. A Look At Newmont (NEM) Valuation As Shares Trade Near Estimated Fair Value
• Negative Sentiment: One market note warned that after a roughly 96% one-year surge, Newmont could face limited additional upside if gold prices or mining sentiment cool off. Is It Too Late To Reassess Newmont (NEM) After Its 1 Year 96% Surge?

Newmont Stock Performance

Newmont stock opened at $108.46 on Friday. 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 has a market capitalization of $115.79 billion, a P/E ratio of 14.07, a PEG ratio of 1.78 and a beta of 0.42. The stock’s 50 day moving average is $111.74 and its 200 day moving average is $109.62. Newmont Corporation has a twelve month low of $52.08 and a twelve month high of $134.88.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share 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 company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. On average, equities research analysts predict that Newmont Corporation will post 9.91 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

Insider Buying and Selling at Newmont

In other Newmont news, 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 sale, the executive vice president directly owned 67,865 shares in the company, valued at approximately $7,472,615.15. This trade represents a 16.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% 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. In the last quarter, insiders sold 49,950 shares of company stock worth $5,494,288. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NEM shares. Barclays started coverage on Newmont in a research report on Thursday, May 21st. They issued an “overweight” rating and a $133.00 target price for the company. The Goldman Sachs Group decreased their target price on Newmont from $125.10 to $122.50 and set a “buy” rating for the company in a research report on Thursday. Weiss Ratings lowered Newmont from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 27th. Stifel Nicolaus upped their price target on Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $121.00 to $157.00 in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.07.

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.