Rep. Adam Smith Sells Newmont Corporation (NYSE:NEM) Stock

Representative Adam Smith (D-Washington) recently sold shares of Newmont Corporation (NYSE:NEM). In a filing disclosed on August 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Newmont stock on August 8th. The trade occurred in the Representative’s “BAIRD TRUST COMPANY TTEE FBO/INHERITED BENEFICIARY IRA/JOHN ELDRIDGE DECEASED IRA/SARA SMITH” account.

Representative Adam Smith also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 8/8/2025.
• Sold $1,001 – $15,000 in shares of Walt Disney (NYSE:DIS) on 8/8/2025.
• Sold $1,001 – $15,000 in shares of ABB (NYSE:ABBNY) on 8/8/2025.

Newmont Stock Performance

NYSE NEM opened at $68.90 on Tuesday. The company has a market cap of $75.68 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.81 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The business’s 50 day moving average price is $59.84 and its 200-day moving average price is $52.51. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $70.29.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%. Newmont’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Sell-side analysts predict that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Newmont’s payout ratio is currently 17.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NEM. National Bank Financial raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Newmont in a research report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $60.90 price objective on shares of Newmont in a research report on Tuesday, July 8th. CIBC set a $74.00 price objective on Newmont and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Finally, Cfra Research raised Newmont to a “strong-buy” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average target price of $64.58.

Insider Buying and Selling at Newmont

In other news, CAO Brian Tabolt sold 7,015 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total transaction of $477,160.30. Following the completion of the sale, the chief accounting officer owned 32,615 shares in the company, valued at approximately $2,218,472.30. This represents a 17.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $132,221.82. Following the completion of the sale, the director directly owned 41,026 shares of the company’s stock, valued at $2,611,715.16. The trade was a 4.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,246 shares of company stock worth $1,373,251 over the last three months. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NEM. Bank of New York Mellon Corp raised its holdings in Newmont by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 16,014,066 shares of the basic materials company’s stock worth $773,159,000 after purchasing an additional 1,306,783 shares in the last quarter. Northern Trust Corp grew its position in shares of Newmont by 1.5% in the 1st quarter. Northern Trust Corp now owns 12,934,095 shares of the basic materials company’s stock worth $624,458,000 after buying an additional 191,940 shares during the last quarter. Amundi raised its stake in shares of Newmont by 2.8% during the 1st quarter. Amundi now owns 12,646,114 shares of the basic materials company’s stock worth $611,187,000 after acquiring an additional 343,535 shares in the last quarter. Invesco Ltd. lifted its position in Newmont by 2.2% during the first quarter. Invesco Ltd. now owns 10,748,470 shares of the basic materials company’s stock valued at $518,936,000 after acquiring an additional 228,116 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Newmont by 16.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,407,995 shares of the basic materials company’s stock valued at $350,166,000 after acquiring an additional 1,331,278 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

About Representative Smith

D. Adam Smith (Democratic Party) is a member of the U.S. House, representing Washington’s 9th Congressional District. He assumed office on January 3, 1997. His current term ends on January 3, 2027.

Smith (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 9th Congressional District. He declared candidacy for the 2026 election.

Smith was first elected to the U.S. House in 1996.

Since at least 2011 and including in 2019-2020, Smith was assigned to the Committee on Armed Services.

Smith was a member of the Washington State Senate from 1991 to 1996 and worked as city prosecutor for Seattle, Washington, from 1993 to 1995. He was 25 when he was first elected to the state Senate in 1990 when he beat a long-time incumbent Republican to take the seat. Smith also won his first election to Congress in 1996 against an incumbent Republican, Randy Tate. He won that election with 50.1 percent of votes against Tate’s 47.3 percent. He received an average of 59 percent of votes in all of his re-election bids from 1998 through 2018. Since redistricting in 2010 through the 2018 election, he won an average of 71 percent of votes in each general election.

Smith was born in Washington, D.C. He earned his B.A. from Fordham University in 1987, and he earned his J.D. from the University of Washington in 1990.[1] Prior to his election to the United States House of Representatives, Smith served as a member of the Washington State Senate.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.