Newmont (NYSE:NEM) Trading 2.6% Higher – Here’s Why

Newmont Corporation (NYSE:NEM) shares shot up 2.6% during trading on Wednesday . The stock traded as high as $103.94 and last traded at $101.5710. 9,411,683 shares changed hands during trading, a decline of 13% from the average session volume of 10,841,604 shares. The stock had previously closed at $99.02.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Macro/strategy pieces are recommending rotation into gold miners as a hedge amid market uncertainty, which boosts demand for large producers like Newmont; that thematic flow into miners is a direct positive for NEM. Sell, Hedge, Rotate: Victor Dergunov’s Strategy
• Positive Sentiment: Market commentary arguing the pullback in gold is a buying opportunity highlights Newmont as a high-quality, dividend-paying exposure to gold, supporting investor interest in NEM shares.
• Neutral Sentiment: UBS trimmed its price target from $150 to $140 but maintained a “Buy” rating and still projects meaningful upside (~37% from current levels), which provides analytical support for the rally even though the cut is modestly negative. UBS Lowers PT to $140
• Neutral Sentiment: Corporate filings: Newmont filed its 2026 proxy materials and has published its 2025 annual report — routine governance/disclosure updates that reduce uncertainty but are not immediate catalysts. Newmont Files 2026 Proxy Materials Newmont Files 2025 Annual Report
• Neutral Sentiment: Vanguard reported a change to “zero direct beneficial ownership” in Newmont after an internal realignment — likely an administrative reporting change rather than a vote of no confidence, but worth monitoring if it affects passive flows. Vanguard Reports Zero Direct Ownership
• Negative Sentiment: Geopolitical risk: Barron’s reports that the Iran conflict has been weighing on mining stocks broadly; such risk-driven selloffs can pressure Newmont despite company-specific positives. Why the Iran War Is Crippling Mining Stocks

Wall Street Analyst Weigh In

NEM has been the subject of several research analyst reports. Royal Bank Of Canada increased their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. BNP Paribas Exane upped their price target on shares of Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Bank of America increased their price target on shares of Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. BMO Capital Markets lowered their price objective on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Macquarie Infrastructure lifted their price objective on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $133.57.

Newmont Price Performance

The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $117.28 and a two-hundred day simple moving average of $100.06. The company has a market cap of $110.83 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.39.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. This is an increase from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 3rd. Newmont’s dividend payout ratio is 16.28%.

Insider Buying and Selling at Newmont

In related news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the sale, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total transaction of $324,000.00. Following the sale, the executive vice president directly owned 55,315 shares in the company, valued at approximately $5,974,020. This represents a 5.14% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Newmont

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GoalVest Advisory LLC acquired a new position in Newmont during the fourth quarter worth $25,000. Physician Wealth Advisors Inc. grew its holdings in Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Swiss RE Ltd. purchased a new position in shares of Newmont in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC increased its position in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Newmont during the 3rd quarter worth $27,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

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.