NEOS Investment Management LLC purchased a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 177,151 shares of the basic materials company's stock, valued at approximately $3,702,000.
A number of other large investors have also added to or reduced their stakes in NEM. Brighton Jones LLC grew its stake in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP raised its position in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company's stock valued at $4,644,000 after purchasing an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Newmont during the 2nd quarter valued at approximately $240,000. Cerity Partners LLC lifted its holdings in Newmont by 108.9% in the 2nd quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company's stock worth $7,303,000 after buying an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in Newmont by 8.5% in the 2nd quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company's stock worth $2,854,000 after buying an additional 3,856 shares during the period. Institutional investors own 68.85% of the company's stock.
Insider Activity
In related news, CEO Natascha Viljoen sold 3,882 shares of the business's stock in a transaction dated 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 owned 131,353 shares of the company's stock, valued at $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm'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 $369,000.00. Following the transaction, the executive vice president directly owned 37,315 shares of the company's stock, valued at $4,589,745. This represents a 7.44% 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 90 days, insiders have sold 32,091 shares of company stock worth $3,414,187. Corporate insiders own 0.06% of the company's stock.
Wall Street Analyst Weigh In
NEM has been the topic of several research analyst reports. Barclays reduced their target price on Newmont from $125.00 to $124.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 28th. TD Securities raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada cut their price target on shares of Newmont from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. BMO Capital Markets reduced their price objective on shares of Newmont from $145.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 23rd. Finally, Scotiabank upped their price objective on shares of Newmont from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.73.
Get Our Latest Stock Report on NEM
Key Headlines Impacting Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Gold prices recently advanced as the U.S. dollar and Treasury yields eased, lifting gold-mining stocks. Newmont’s latest quarterly update also highlighted record free cash flow of approximately $2.2 billion, about 1.3 million attributable gold ounces, maintained 2026 production guidance and a declared $0.26-per-share dividend. Newmont stock analysis
- Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, while recent analyst targets generally imply additional upside. Newmont is also being presented as an income-producing gold hedge, supported by strong cash generation, low leverage and a roughly 0.8% dividend yield. Analyst outlook for Newmont
- Neutral Sentiment: Newmont’s $1.95 billion payment to Barrick finalized its Nevada Gold Mines joint-venture settlement, giving the company greater control of a major production base. The move may improve long-term operating flexibility but also represents a substantial capital outlay. Nevada Gold Mines agreement
- Negative Sentiment: CEO Natascha Viljoen sold 3,882 shares and EVP Peter Toth sold 3,000 shares at $123 per share. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but reported insider activity has consisted of sales and no purchases over the past six months. Newmont insider sales
- Negative Sentiment: Elevated Treasury yields remain a headwind for gold because they increase the opportunity cost of holding a non-yielding asset. Analysts also caution that mining costs, energy prices and interest-rate volatility could pressure margins and valuation multiples. Gold-mining sector outlook
Newmont Price Performance
Shares of NYSE:NEM opened at $128.09 on Monday. The firm has a market capitalization of $134.97 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.80 and a beta of 0.52. 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 50 day moving average price of $107.18 and a 200-day moving average price of $109.61. Newmont Corporation has a 52-week low of $75.21 and a 52-week high of $135.29.
Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same period in the previous year, the company posted $1.43 earnings per share. As a group, equities research analysts anticipate that Newmont Corporation will post 9.01 EPS for the current fiscal year.
Newmont Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont's payout ratio is 13.13%.
About Newmont
(
Free Report)
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.
Further Reading
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