Short Interest in Newmont Corporation (NYSE:NEM) Drops By 13.4%

Newmont Corporation (NYSE:NEM) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 18,702,308 shares, a drop of 13.4% from the January 29th total of 21,583,987 shares. Based on an average trading volume of 9,929,151 shares, the short-interest ratio is presently 1.9 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 9,929,151 shares, the short-interest ratio is presently 1.9 days.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Strong fundamental support — Newmont’s Feb. earnings beat, record 2025 free cash flow and a higher quarterly dividend underpin longer‑term bull case and make the stock attractive as a defensive gold play. Markets Seek Shelter as Gold Shines Brightest
• Positive Sentiment: Big-name analyst upgrade — Citigroup raised its price target to $150 and reinstated a Buy, implying significant upside from current levels and giving technical/buy-side catalysts. Citigroup Raises PT to $150 (Benzinga)
• Neutral Sentiment: Elevated call activity — unusually large call-option buying was recorded, signaling some traders are positioned for a rebound or continued volatility; this boosts short-term liquidity and can amplify moves either way. Options/Volume Note (QuiverQuant)
• Neutral Sentiment: Momentum and valuation debate — coverage highlights strong momentum following a large multi‑month rally but also flags valuation and whether recent gains are already priced in, keeping both bulls and cautious investors active. Valuation After Rally (Yahoo/Finance)
• Negative Sentiment: Sector profit‑taking from a pullback in gold — the immediate intraday selloff tracks a drop in bullion prices after a geopolitics‑driven rally, prompting traders to lock in gains; miners like Newmont are highly correlated to spot gold and thus react quickly. Newmont Slides as Gold Pulls Back (QuiverQuant)
• Negative Sentiment: Short-term analyst skepticism — TD Securities trimmed its price target slightly to $118 and moved to a Hold, adding a near-term ceiling on sentiment and increasing headline noise. TD Securities Lowers PT to $118 (BayStreet.CA)
• Negative Sentiment: Flow and positioning pressures — reports note insider sales and large institutional rebalancing in recent quarters; combined with dividend record/ex‑date mechanics and momentum unwind, these flows can amplify down-days. Insider/Flows Context (QuiverQuant)
• Negative Sentiment: News coverage of the drop — media explain the intraday decline and investor reaction, which can reinforce selling momentum as headlines circulate. Why Newmont Stock Dropped (Motley Fool)

Newmont Stock Performance

NEM traded up $1.77 during trading on Wednesday, hitting $120.29. 1,891,201 shares of the company traded hands, compared to its average volume of 9,934,292. The firm has a market cap of $130.86 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Newmont has a one year low of $42.03 and a one year high of $134.88. The stock’s fifty day moving average is $116.52 and its 200 day moving average is $96.11.

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

Newmont Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 3rd. This is an increase from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is currently 15.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group boosted their target price on shares of Newmont from $136.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Scotiabank lifted their price target on Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Canaccord Genuity Group upped their price target on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.68.

Hedge Funds Weigh In On Newmont

Several hedge funds have recently made changes to their positions in NEM. Vanguard Group Inc. grew its holdings in Newmont by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company’s stock valued at $13,390,613,000 after buying an additional 637,996 shares in the last quarter. State Street Corp boosted its position in shares of Newmont by 1.0% in the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after acquiring an additional 480,223 shares during the period. Van ECK Associates Corp grew its stake in Newmont by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after acquiring an additional 5,643,496 shares in the last quarter. Geode Capital Management LLC increased its holdings in Newmont by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock worth $2,738,756,000 after acquiring an additional 946,824 shares during the period. Finally, Norges Bank purchased a new stake in Newmont in the 2nd quarter worth approximately $919,170,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

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.