Plancorp LLC acquired a new position in Newmont Corporation (NYSE:NEM – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,342 shares of the basic materials company’s stock, valued at approximately $676,000.
Several other large investors have also recently bought and sold shares of NEM. Alps Advisors Inc. bought a new stake in shares of Newmont during the 3rd quarter worth about $62,736,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Newmont in the third quarter valued at approximately $3,628,000. Providence First Trust Co bought a new position in shares of Newmont in the third quarter valued at approximately $801,000. CenterBook Partners LP acquired a new position in shares of Newmont during the third quarter valued at approximately $446,000. Finally, Canvas Wealth Advisors LLC acquired a new position in shares of Newmont during the third quarter valued at approximately $228,000. Institutional investors and hedge funds own 68.85% of the company’s stock.
Newmont News Roundup
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
- Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidanceāfundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
- Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
- Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
- Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling
Wall Street Analyst Weigh In
Several equities research analysts recently commented on NEM shares. Jefferies Financial Group boosted their target price on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada lifted their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Bank of America boosted their price objective on Newmont from $135.00 to $145.00 in a research note on Monday, August 17th. Finally, Raymond James Financial restated an “outperform” rating and issued a $140.00 price objective (up from $131.00) on shares of Newmont in a report on Monday, August 24th. Two research 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 company. According to data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.
Check Out Our Latest Research Report on NEM
Insider Activity at Newmont
In other news, EVP Peter Toth sold 3,000 shares of the business’s 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 owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s 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 completion of the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This trade represents a 2.87% decrease in their position. 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 three months, insiders sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is currently owned by insiders.
Newmont Trading Up 0.9%
NYSE:NEM opened at $120.82 on Friday. The stock has a fifty day simple moving average of $118.87 and a 200 day simple moving average of $112.48. The firm has a market capitalization of $125.55 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.
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 previous year, the company 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 forecast that Newmont Corporation will post 9.14 earnings per share for the current year.
Newmont Announces Dividend
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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.
About Newmont
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