Newmont Corporation $NEM Shares Newly Acquired by Signaturefd LLC

Signaturefd LLC acquired a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 20,325 shares of the basic materials company’s stock, valued at approximately $2,344,000.

Several other large investors have also recently added to or reduced their stakes in NEM. BG Investment Services LLC bought a new stake in Newmont during the 3rd quarter worth approximately $374,000. Evanson Financial LLC bought a new position in Newmont in the 3rd quarter valued at $318,000. Citizens Financial Group Inc. RI bought a new position in Newmont in the 3rd quarter valued at $17,691,000. Simplicity Wealth LLC bought a new position in Newmont in the 3rd quarter valued at $1,793,000. Finally, Vima LLC acquired a new position in Newmont in the third quarter worth $1,428,000. 68.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BNP Paribas Exane increased their target price on Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Canaccord Genuity Group cut their price target on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada upped their price target on shares of Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a report on Friday, October 16th. Finally, Raymond James Financial reissued an “outperform” rating and set a $140.00 price objective (up from $131.00) on shares of Newmont in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.25.

Read Our Latest Research Report on NEM

Insider Activity

In other news, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $445,692.42. Following the transaction, the chief executive officer directly owned 127,471 shares in the company, valued at $14,634,945.51. This trade represents a 2.96% 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. In the last ninety days, insiders sold 35,973 shares of company stock valued at $3,927,169. Company insiders own 0.06% of the company’s stock.

Newmont Stock Performance

Shares of Newmont stock opened at $108.72 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The firm has a 50 day simple moving average of $121.86 and a 200 day simple moving average of $110.97. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The firm has a market cap of $112.98 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.01 and a beta of 0.51.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the business earned $1.71 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Newmont Corporation will post 9.07 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

  • Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
  • Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
  • Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
  • Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
  • Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
  • Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Newmont Company Profile

(Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

Further Reading

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Institutional Ownership by Quarter for Newmont (NYSE:NEM)

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