16,705 Shares in Newmont Corporation $NEM Purchased by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management purchased 16,705 Newmont shares worth approximately $1.56 million during the second quarter. Institutional investors and hedge funds collectively own 68.85% of NEM.
• Newmont benefited from strong gold prices and operating performance: the company reported $2.2 billion in quarterly free cash flow, $2.9 billion in operating cash flow, and $2.10 in EPS, exceeding analyst expectations.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and an average price target of $132.59, although several firms recently lowered their targets. Insider selling—including sales by the CEO and CFO—provides a potential cautionary signal.

Clear Harbor Asset Management LLC purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 16,705 shares of the basic materials company's stock, valued at approximately $1,560,000.

Several other institutional investors also recently bought and sold shares of NEM. Bank of Nova Scotia acquired a new position in shares of Newmont during the second quarter valued at approximately $87,213,000. Compass Financial Management LLC purchased a new position in shares of Newmont in the second quarter valued at approximately $78,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Newmont in the second quarter worth approximately $966,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Newmont in the second quarter worth approximately $11,389,000. Finally, Commerce Bank purchased a new stake in shares of Newmont during the second quarter worth approximately $3,418,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold reached record levels. Spot gold traded above $4,500 an ounce and was on track for a third consecutive weekly gain. A softer U.S. dollar, bond-market volatility and inflation concerns increased demand for gold as a safe-haven asset, improving the potential revenue and cash-flow outlook for Newmont. Why Is Newmont Stock Surging Friday?
• Positive Sentiment: Strong operating performance and capital returns supported sentiment. Newmont reported record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion, remains on track to produce 5.3 million attributable gold ounces in 2026, and has returned approximately $1.9 billion through dividends and share repurchases since its prior earnings report.
• Positive Sentiment: Scotiabank raised its earnings forecast. The firm increased its FY2026 EPS estimate to $8.96 from $8.83, maintained an “Outperform” rating and set a $149 price target. The median target among 10 analysts is reported at $145.50, suggesting analysts generally see additional upside.
• Neutral Sentiment: Newmont appointed Peter Beaven as an independent director. Effective September 1, Beaven is expected to join the Audit Committee, adding finance and global mining experience. The appointment is strategically supportive but is unlikely to materially change near-term earnings. Newmont Appoints Peter Beaven to Board of Directors
• Neutral Sentiment: Newmont agreed to sell a Nevada gold project to StrikePoint for $70 million. The transaction may help streamline the portfolio and monetize a noncore asset, although the immediate earnings impact was not provided. StrikePoint to Buy Nevada Gold Project from Newmont
• Negative Sentiment: Reported insider trading was a potential cautionary signal. Company insiders recorded 15 open-market sales and no purchases during the past six months, though such transactions may reflect compensation or personal financial planning rather than a view on Newmont’s business.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEM shares. Royal Bank Of Canada reduced their price objective on Newmont from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. BNP Paribas Exane dropped their target price on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st. Zacks Research cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Scotiabank increased their target price on shares of Newmont from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Finally, Canaccord Genuity Group decreased their price target on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.59.

Newmont Price Performance

NYSE:NEM opened at $131.76 on Friday. Newmont Corporation has a one year low of $69.05 and a one year high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The stock has a market cap of $138.83 billion, a PE ratio of 16.64, a P/E/G ratio of 1.36 and a beta of 0.47. The stock has a 50 day moving average price of $101.60 and a 200 day moving average price of $108.96.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.05. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter last year, the business posted $1.43 earnings per share. Equities research analysts expect that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont's payout ratio is currently 13.13%.

Insider Transactions at Newmont

In related news, CEO Natascha Viljoen sold 7,764 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer owned 135,235 shares of the company's stock, valued at approximately $14,064,440. This represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Newmont stock in a transaction dated 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 transaction, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,091 shares of company stock worth $3,292,513 in the last quarter. Company insiders own 0.06% of the company's stock.

Newmont Company 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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