Rep. Robert Bresnahan, Jr. Purchases Shares of Newmont Co. (NYSE:NEM)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Newmont Co. (NYSE:NEM). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Newmont stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Newmont Stock Up 2.1%

Shares of NYSE:NEM opened at $53.93 on Monday. Newmont Co. has a 52-week low of $36.86 and a 52-week high of $58.72. The company has a market capitalization of $60.02 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The company has a fifty day moving average of $49.69 and a 200-day moving average of $44.88.

Newmont (NYSE:NEM) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same period last year, the company earned $0.55 earnings per share. On average, equities analysts predict that Newmont Co. will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Newmont’s payout ratio is presently 22.42%.

Wall Street Analyst Weigh In

Several research firms recently commented on NEM. National Bankshares reiterated a “sector perform” rating on shares of Newmont in a research report on Wednesday, April 23rd. Scotiabank reiterated a “sector perform” rating on shares of Newmont in a report on Monday, April 14th. TD Securities decreased their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, February 26th. Cfra Research raised Newmont to a “strong-buy” rating in a report on Friday, April 25th. Finally, Argus set a $63.00 price target on Newmont in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Newmont by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,901,244 shares of the basic materials company’s stock valued at $333,192,000 after purchasing an additional 50,840 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new stake in Newmont in the 1st quarter valued at about $7,959,000. Provident Investment Management Inc. bought a new stake in Newmont in the 1st quarter valued at about $200,000. Hemington Wealth Management raised its stake in Newmont by 25.2% during the 1st quarter. Hemington Wealth Management now owns 965 shares of the basic materials company’s stock worth $46,000 after buying an additional 194 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in Newmont by 192.4% in the first quarter. Legacy Capital Group California Inc. now owns 31,850 shares of the basic materials company’s stock worth $1,538,000 after acquiring an additional 20,957 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $131,130.00. Following the sale, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. This represents a 3.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now owns 47,916 shares of the company’s stock, valued at $2,094,408.36. This trade represents a 4.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,154 shares of company stock valued at $328,840. Company insiders own 0.05% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Newmont

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.