Newmont (NYSE:NEM) Trading Up 1.7% – Still a Buy?

Newmont Corporation (NYSE:NEM) shares were up 1.7% during mid-day trading on Monday . The company traded as high as $126.23 and last traded at $124.1580. Approximately 9,305,312 shares changed hands during trading, a decline of 7% from the average daily volume of 10,039,518 shares. The stock had previously closed at $122.13.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Bullish analysis raises valuation and target after strong results: author cites $2.52 EPS, ~$6.8B revenue and record ~$7.3B free cash flow plus a $1.1B annual dividend and $3.6B buyback program as reasons to increase the price target. Newmont Mining: $5100 Gold, 14x P/E – Raising My Price Target
• Positive Sentiment: Zacks flags NEM as a top-ranked value stock under its Style Scores, which can attract value-focused flows and support the share price. Newmont Corporation (NEM) is a Top-Ranked Value Stock: Should You Buy?
• Neutral Sentiment: Elevated investor attention noted by Zacks/Yahoo — increased search and watchlist activity may boost volume and liquidity but doesn’t change fundamentals by itself. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Critical analysis highlights reasons to avoid the stock; such negative narratives can temper momentum and discourage some investors. Newmont: 3 Reasons I’m Avoiding This Stock
• Negative Sentiment: An analyst downgrade has already pressured the shares, signaling short-term downside risk despite strong fundamentals. Newmont (NYSE:NEM) Stock Price Down 2.6% on Analyst Downgrade

Wall Street Analysts Forecast Growth

NEM has been the topic of several analyst reports. DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $177.00 price objective on shares of Newmont in a research report on Wednesday, February 4th. The Goldman Sachs Group upped their target price on shares of Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a report on Monday, January 12th. BNP Paribas Exane increased their target price on shares of Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, BMO Capital Markets cut their price target on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average price target of $132.88.

Newmont Price Performance

The firm has a market capitalization of $135.07 billion, a PE ratio of 19.43, a P/E/G ratio of 1.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The business’s 50 day moving average is $113.12 and its two-hundred day moving average is $93.33.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, research analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. This is an increase from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s dividend payout ratio is presently 15.65%.

Insider Activity

In other news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director directly owned 32,709 shares in the company, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Institutional Trading of Newmont

Several hedge funds and other institutional investors have recently bought and sold shares of NEM. GoalVest Advisory LLC purchased a new stake in shares of Newmont in the 4th quarter valued at $25,000. Physician Wealth Advisors Inc. raised its position in 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 purchasing an additional 236 shares during the period. Swiss RE Ltd. bought a new stake in Newmont in the fourth quarter worth $26,000. Cornerstone Planning Group LLC lifted its stake in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 206 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Newmont during the third quarter valued at about $27,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

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.