Sigma Planning Corp Has $1.67 Million Stock Position in Newmont Corporation $NEM

Sigma Planning Corp lessened its stake in shares of Newmont Corporation (NYSE:NEM) by 27.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,419 shares of the basic materials company’s stock after selling 5,756 shares during the quarter. Sigma Planning Corp’s holdings in Newmont were worth $1,669,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Checchi Capital Advisers LLC increased its holdings in Newmont by 21.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,005 shares of the basic materials company’s stock worth $650,000 after purchasing an additional 1,078 shares in the last quarter. Flynn Zito Capital Management LLC bought a new stake in shares of Newmont during the first quarter worth about $214,000. Hillsdale Investment Management Inc. increased its stake in shares of Newmont by 9.0% in the first quarter. Hillsdale Investment Management Inc. now owns 10,900 shares of the basic materials company’s stock valued at $1,180,000 after buying an additional 900 shares during the period. Retirement Planning Group LLC bought a new position in Newmont in the 1st quarter valued at approximately $452,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Newmont by 3.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 78,935 shares of the basic materials company’s stock valued at $8,545,000 after buying an additional 2,718 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NEM. TD raised shares of Newmont from a “hold” rating to a “buy” rating and reduced their target price for the stock from $129.00 to $127.00 in a report on Tuesday. BNP Paribas Exane cut their price target on shares of Newmont from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. Raymond James Financial reduced their price objective on shares of Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings downgraded Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Finally, BMO Capital Markets lowered their target price on Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $136.26.

Insiders Place Their Bets

In related news, EVP Peter Wexler sold 13,378 shares of the company’s stock in a transaction dated 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 owned 67,865 shares in the company, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred 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 sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at $15,060,654.68. This represents a 2.64% 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. In the last 90 days, insiders have sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is currently owned by insiders.

Newmont Stock Down 1.1%

Newmont stock opened at $89.80 on Friday. The firm has a market cap of $95.87 billion, a price-to-earnings ratio of 11.65, a PEG 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. 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 firm has a 50 day moving average price of $102.32 and a two-hundred day moving average price of $110.20.

Newmont (NYSE:NEM) last posted its quarterly earnings data 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. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 45.8% on a year-over-year basis. Equities analysts predict that Newmont Corporation will post 9.33 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is presently 13.49%.

Key Stories Impacting 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.

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.