Newmont director Brook sells $132,221 in stock

Published 05/08/2025, 22:24
Newmont director Brook sells $132,221 in stock

Director Bruce R. Brook of Newmont Corp (NYSE:NEM) sold 2,077 shares of common stock on August 1, 2025, at a price of $63.66, for a total value of $132,221. The stock, which has surged 77% year-to-date and currently trades at $67.24, continues to show strong momentum. According to InvestingPro, Newmont maintains a "GREAT" financial health score of 3.75 out of 5, with analysts setting a consensus target price range of $58-$86.

Following the transaction, Brook directly owns 41,026 shares of Newmont Corp.

The sale was executed under a Rule 10b5-1 trading plan established on September 3, 2024.

In other recent news, Newmont has reported significant developments across various areas. The company surpassed market expectations in the second quarter of 2025, achieving earnings per share of $1.43, well above the projected $1.14. Newmont’s revenues also exceeded forecasts, coming in at $5.32 billion compared to the anticipated $4.84 billion. Additionally, Newmont received a $100 million payment from Zijin Mining Group following Ghana’s ratification of the Akyem East Mining Lease renewal. This payment is part of Newmont’s agreement to divest its Akyem operation in Ghana, bringing the total after-tax cash proceeds from the sale to approximately $770 million. In another move, Newmont sold its entire stake in Orosur Mining (LON:OMIN), generating gross proceeds of about C$5.6 million. This sale involved 29,213,186 common shares in a private transaction, marking Newmont’s exit from holding any shares in Orosur. These recent transactions and financial results reflect Newmont’s ongoing strategic adjustments and financial performance.

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