Triumph Capital Management Makes New $1.03 Million Investment in Newmont Corporation $NEM

Posted by Stanley Muller on Oct 14th, 2026

Triumph Capital Management acquired a new stake in Newmont Corporation (NYSE:NEM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,945 shares of the basic materials company’s stock, valued at approximately $1,032,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEM. Cedar Mountain Advisors LLC bought a new stake in shares of Newmont during the first quarter worth $25,000. Pinnacle Bancorp Inc. bought a new stake in Newmont during the 1st quarter worth about $25,000. GoalVest Advisory LLC bought a new position in shares of Newmont in the third quarter worth about $28,000. Clearstead Trust LLC bought a new stake in shares of Newmont during the second quarter valued at approximately $25,000. Finally, Kilter Group LLC bought a new stake in shares of Newmont during the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity at Newmont

In related news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the transaction, the executive vice president directly owned 34,315 shares in the company, valued at $3,939,705.15. The trade was a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,973 shares of company stock worth $3,927,169 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Newmont Trading Down 3.7%

Shares of NEM stock traded down $4.22 during trading hours on Wednesday, reaching $111.37. The company had a trading volume of 6,642,614 shares, compared to its average volume of 8,585,471. Newmont Corporation has a 1-year low of $76.05 and a 1-year high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The firm has a market cap of $117.35 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 2.17 and a beta of 0.51. The company has a 50 day moving average of $121.75 and a 200 day moving average of $110.69.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, equities research analysts anticipate that Newmont Corporation will post 9.05 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 3rd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Analysts Set New Price Targets

Several research analysts have issued reports on NEM shares. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Newmont in a report on Monday, August 24th. Royal Bank Of Canada lifted their target price on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. TD boosted their target price on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings raised Newmont from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Get Our Latest Analysis on NEM

Newmont Profile

(Free Report)

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.