TFB Advisors LLC Makes New $1.27 Million Investment in Newmont Corporation $NEM

Posted by Brian Himes on Nov 6th, 2026

TFB Advisors LLC bought a new stake in Newmont Corporation (NYSE:NEM – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 10,976 shares of the basic materials company’s stock, valued at approximately $1,266,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Newmont in the 2nd quarter worth about $11,289,753,000. State Street Corp lifted its holdings in Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after purchasing an additional 1,565,716 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Newmont by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after purchasing an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Newmont by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock valued at $1,012,792,000 after purchasing an additional 184,586 shares during the last quarter. Finally, Amundi boosted its position in Newmont by 4.4% in the first quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock valued at $950,519,000 after buying an additional 372,415 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

NEM has been the topic of several research analyst reports. Citigroup upped their price objective on shares of Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Wall Street Zen cut shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. BNP Paribas Exane boosted 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. Argus set a $110.00 target price on Newmont and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group decreased their price target on Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Read Our Latest Research Report on NEM

Newmont Stock Performance

Shares of NYSE:NEM opened at $119.74 on Friday. The business has a fifty day moving average of $119.10 and a 200-day moving average of $112.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. Newmont Corporation has a twelve month low of $81.34 and a twelve month high of $135.29. The firm has a market cap of $124.43 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56.

Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. On average, equities research analysts predict that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is presently 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This represents a 8.74% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. Insiders own 0.06% of the company’s stock.

About Newmont

(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.