Polianta Ltd increased its stake in Newmont Corporation (NYSE:NEM – Free Report) by 42.2% during the 2nd quarter, Holdings Channel reports. The firm owned 19,200 shares of the basic materials company’s stock after purchasing an additional 5,700 shares during the quarter. Polianta Ltd’s holdings in Newmont were worth $1,793,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of NEM. Pinnacle Bancorp Inc. purchased a new position in Newmont in the 1st quarter worth approximately $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont during the 1st quarter valued at $25,000. Swiss RE Ltd. purchased a new stake in shares of Newmont during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Newmont by 312.1% during 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 purchased a new position in Newmont in the third quarter worth $27,000. 68.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NEM has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Newmont from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group cut their price objective on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, July 6th. The Goldman Sachs Group reduced their price objective on Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Bank of America decreased their price objective on Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.11.
Key Stories Impacting Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold’s Winning Streak: Navigating Your ETF Options
- Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
- Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
- Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
- Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
- Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.
Insider Buying and Selling at Newmont
In related news, CFO Brian Tabolt sold 11,445 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $93.45, for a total value of $280,350.00. Following the transaction, the executive vice president owned 40,315 shares in the company, valued at approximately $3,767,436.75. This represents a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is currently owned by company insiders.
Newmont Stock Performance
Shares of NEM stock opened at $113.03 on Friday. The company has a market capitalization of $119.09 billion, a P/E ratio of 14.27, a PEG ratio of 1.25 and a beta of 0.47. Newmont Corporation has a fifty-two week low of $67.11 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The stock has a 50 day moving average price of $97.92 and a two-hundred day moving average price of $109.08.
Newmont (NYSE:NEM – Get Free Report) last issued its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Analysts expect that Newmont Corporation will post 9 earnings per share for the current year.
Newmont Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.13%.
About Newmont
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.
Featured Stories
- Five stocks we like better than Newmont
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Corporation (NYSE:NEM – Free Report).
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.
