Newmont (NYSE:NEM) Cut to “Hold” at National Bank Financial

National Bank Financial lowered shares of Newmont (NYSE:NEM) from an outperform rating to a hold rating in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has $130.00 target price on the basic materials company’s stock, down from their previous target price of $140.00.

A number of other research analysts have also recently commented on NEM. TD Securities dropped their price target on Newmont from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, March 3rd. UBS Group dropped their price target on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Scotiabank dropped their price objective on Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. Macquarie Infrastructure increased their price objective on Newmont from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Finally, Bank of America increased their price objective on Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.91.

Newmont Stock Up 2.7%

Shares of NYSE NEM opened at $116.50 on Thursday. Newmont has a one year low of $48.27 and a one year high of $134.88. 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 fifty day moving average price is $115.51 and its 200-day moving average price is $103.86. The stock has a market capitalization of $125.81 billion, a PE ratio of 18.23, a P/E/G ratio of 0.87 and a beta of 0.46.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating 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 firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, equities research analysts anticipate that Newmont will post 3.45 EPS for the current 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 paid a $0.26 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is an increase from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is currently 16.28%.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president directly owned 52,315 shares in the company, valued at $5,916,303.35. This represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David James Fry sold 18,394 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,394 shares of company stock worth $2,713,281 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Newmont

Institutional investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC bought a new position in Newmont in the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. increased its stake 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 acquiring an additional 236 shares during the last quarter. Swiss RE Ltd. bought a new position in Newmont in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC increased its stake in Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in Newmont in the 3rd quarter worth about $27,000. 68.85% of the stock is currently owned by institutional investors.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Canaccord Genuity raised its price target to $150 and reiterated a “buy” rating — a bullish analyst signal that implies meaningful upside and can attract buyers. Canaccord Genuity adjusts price target on Newmont to $150 from $140; maintains buy rating
• Positive Sentiment: Newmont reported that Cadia mine output was unaffected after the New South Wales earthquake — operational continuity at a major asset reduces near-term production risk. Newmont says Cadia output unaffected after New South Wales earthquake
• Positive Sentiment: Zacks highlighted NEM as a top-ranked growth stock under its style scores, which can boost interest from style-focused funds and momentum buyers. Newmont Corporation (NEM) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: InsiderMonkey included Newmont among top long-term ASX picks, offering additional retail/international endorsement of NEM as a long-duration holding. 5 Best Long-Term ASX Stocks to Buy Right Now
• Neutral Sentiment: Newmont flagged an online update regarding the earthquake impact at Cadia — transparency helps sentiment but is informational unless new damage is reported. Newmont flags online update on earthquake impact at Cadia mine
• Neutral Sentiment: Coverage discussing the Persian Gulf shock underscores Newmont’s sensitivity to gold-price swings and macro volatility — a reminder that geopolitics can quickly affect earnings expectations. Does Persian Gulf Shock Expose a Deeper Volatility Challenge in Newmont’s Gold Model (NEM)?
• Negative Sentiment: National Bank Financial downgraded NEM from “outperform” to “hold” and trimmed its price target to $130 — a moderation in conviction that can weigh on momentum. BayStreet Analyst Ratings (National Bank Financial downgrade)
• Negative Sentiment: A critical piece highlighted rising costs and an analyst downgrade narrative — persistent cost pressures could compress margins and cap valuation multiples. Newmont Downgraded as Costs Surge: Is This Gold Giant Losing Its Shine at the Worst Possible Time?

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.