Two Sigma Securities LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,368 shares of the basic materials company’s stock, valued at approximately $300,000.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Newmont during the 2nd quarter valued at $11,289,753,000. State Street Corp lifted its position in Newmont by 1.0% during the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after purchasing an additional 480,223 shares in the last quarter. Van ECK Associates Corp purchased a new position in Newmont during the second quarter valued at $671,197,000. Geode Capital Management LLC grew its holdings in Newmont by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock valued at $2,738,756,000 after purchasing an additional 946,824 shares during the period. Finally, Norges Bank bought a new stake in Newmont during the fourth quarter valued at about $1,443,128,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.
Newmont Stock Performance
NYSE NEM opened at $130.59 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. Newmont Corporation has a twelve month low of $73.44 and a twelve month high of $135.29. The business has a 50-day moving average price of $106.54 and a 200-day moving average price of $109.59. The firm has a market cap of $137.60 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.76 and a beta of 0.52.
Newmont Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Newmont’s dividend payout ratio (DPR) is presently 13.13%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NEM. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Newmont in a research note on Monday, August 24th. The Goldman Sachs Group cut their price objective on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Royal Bank Of Canada reduced their target price on shares of Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. UBS Group decreased their target price on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group lowered their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $132.73.
Check Out Our Latest Stock Analysis on NEM
Insider Transactions at Newmont
In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total value of $369,000.00. Following the sale, the executive vice president directly owned 37,315 shares in the company, valued at approximately $4,589,745. The trade was a 7.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,091 shares of company stock valued at $3,414,187. 0.06% of the stock is currently owned by corporate insiders.
Newmont News Roundup
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont’s recent quarterly update continues to support investor sentiment: the company reported approximately 1.3 million attributable gold ounces, record quarterly free cash flow of $2.2 billion, maintained its 2026 production guidance and declared a $0.26-per-share dividend. Why Newmont Corporation Stock Is Up Today
- Positive Sentiment: A recent valuation analysis characterized Newmont as financially resilient, citing a net margin of roughly 33%, strong cash generation, low leverage and a forward P/E near 14.5. The company’s $1.95 billion payment to Barrick to finalize the Nevada Gold Mines joint-venture settlement also strengthens its control of a major production base. Newmont Stock Analysis
- Neutral Sentiment: Analysts’ recent price targets have a median of $140, suggesting potential upside from current levels, although targets range widely from $120 to $176 and remain sensitive to gold prices, interest rates and mining costs. Newmont Price Targets
- Negative Sentiment: Newmont CEO Natascha Viljoen sold 3,882 shares worth approximately $477,000, while EVP Peter Toth sold 3,000 shares worth about $369,000. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their holdings but not necessarily signaling a change in business outlook. Newmont Insider Transactions
- Negative Sentiment: Insider activity has been one-sided over the past six months, with reported sales and no purchases. High Treasury yields also remain a risk because they raise the opportunity cost of holding gold, while inflation and energy costs could pressure mining margins. Newmont Insider and Market Analysis
Newmont Profile
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.
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