BofA warns Fed risks policy mistake with early rate cuts
Peter Toth, Executive Vice President and Chief Sustainability and Development Officer at Newmont Corp (NYSE:NEM), recently sold 3,000 shares of the company’s common stock. The transaction, which took place on March 3, 2025, was executed at a price of $43.71 per share, amounting to a total sale value of $131,130. The sale comes as Newmont demonstrates strong financial health with an "Overall Great" rating according to InvestingPro analysis, and the stock has delivered a robust 30% return over the past year.
Following this sale, Toth retains ownership of 86,526 shares in the company. The sale was conducted under a pre-established Rule 10b5-1 trading plan dated June 3, 2024, indicating a planned divestiture strategy. InvestingPro analysis suggests the stock is currently undervalued, with management actively buying back shares. The company has maintained dividend payments for 55 consecutive years, currently yielding 2.35%. For deeper insights into insider trading patterns and 6 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Newmont Corporation reported fourth-quarter earnings and revenue that surpassed analyst expectations. The company posted adjusted earnings per share of $1.40, exceeding the consensus estimate of $1.07, and achieved revenue of $5.65 billion, above the expected $5.15 billion. Newmont’s gold production rose to 1.9 million attributable ounces in the fourth quarter, marking a 14% increase from the previous quarter. The growth was attributed to higher output at Peñasquito, Boddington, and Lihir mines, as well as its stake in Nevada Gold Mines. For the full year 2024, Newmont produced 6.85 million ounces of gold and generated $6.3 billion in operating cash flow.
Additionally, Newmont completed the sale of three non-core operations, generating $1.7 billion in after-tax cash proceeds. The company plans to further divest its Akyem and Porcupine operations, potentially adding up to $1.4 billion in gross proceeds. These strategic moves are part of Newmont’s ongoing portfolio optimization efforts. The firm also declared a fourth-quarter dividend of $0.25 per share. As Newmont continues to streamline its operations, it anticipates 2025 gold production of approximately 5.9 million ounces.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.