180 Wealth Advisors LLC Purchases 24,533 Shares of Newmont Corporation $NEM

Key Points

• 180 Wealth Advisors opened a Newmont position in Q3, buying 24,533 shares valued at approximately $2.83 million. Institutional investors collectively own 68.85% of the company’s stock.
• Newmont reported quarterly EPS of $2.20, beating the $1.94 consensus, while revenue rose 15.2% year over year to $6.36 billion. The company also raised full-year production guidance, according to the article.
• Company insiders sold 20,646 shares worth about $2.38 million over the last quarter, including sales by the CEO and an EVP under pre-arranged trading plans.

180 Wealth Advisors LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,533 shares of the basic materials company's stock, valued at approximately $2,830,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. StoneX Group Inc. bought a new stake in shares of Newmont in the 3rd quarter valued at approximately $312,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Newmont during the third quarter worth $30,158,000. Axiom Investment Management LLC acquired a new stake in shares of Newmont during the third quarter worth $48,000. Asset Dedication LLC acquired a new stake in shares of Newmont during the third quarter worth $76,000. Finally, United Advisor Group LLC bought a new position in shares of Newmont in the 3rd quarter worth about $1,234,000. 68.85% of the stock is currently owned by institutional investors.

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Tuesday, September 1st. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 20,646 shares of company stock valued at $2,380,140. Insiders own 0.06% of the company's stock.

Key Stories Impacting Newmont

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 guidance—fundamental 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

Newmont Trading Up 0.9%

Shares of NYSE:NEM opened at $120.82 on Friday. The company has a market cap of $125.55 billion, a PE ratio of 14.05, a P/E/G ratio of 2.20 and a beta of 0.56. The company's 50-day moving average price is $118.87 and its 200 day moving average price is $112.48. Newmont Corporation has a fifty-two week low of $81.34 and a fifty-two week 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 earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the business posted $1.71 EPS. Newmont's revenue was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont's payout ratio is currently 12.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NEM. Zacks Research lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. The Goldman Sachs Group lowered their price objective on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Freedom Broker lowered shares of Newmont from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $130.00 to $116.00 in a research note on Thursday, October 22nd. TD raised their target price on shares of Newmont from $127.00 to $133.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Finally, Barclays decreased their target price on Newmont from $124.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.20.

About Newmont

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