18,658 Shares in Newmont Corporation $NEM Purchased by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management purchased 18,658 Newmont shares worth approximately $2.15 million in the third quarter. Institutional investors collectively own 68.85% of the company.
• Newmont insiders sold 35,973 shares worth about $3.93 million during the last quarter, while insiders own just 0.06% of outstanding shares.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $133.50, compared with the stock’s reported $118.40 opening price.

Robertson Stephens Wealth Management LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,658 shares of the basic materials company's stock, valued at approximately $2,152,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Newmont in the second quarter worth $11,289,753,000. Van ECK Associates Corp acquired a new position in shares of Newmont during the second quarter worth $671,197,000. Bank of New York Mellon Corp acquired a new position in shares of Newmont during the second quarter worth $1,219,505,000. First Eagle Investment Management LLC purchased a new stake in shares of Newmont during the 2nd quarter valued at $241,820,000. Finally, Amundi purchased a new stake in shares of Newmont during the 2nd quarter valued at $209,411,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the sale, the executive vice president directly owned 34,315 shares in the company, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, 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. In the last quarter, insiders have sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is owned by company insiders.

Newmont Stock Down 0.2%

Shares of NEM stock opened at $118.40 on Monday. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The firm has a market capitalization of $124.76 billion, a PE ratio of 14.95, a P/E/G ratio of 2.20 and a beta of 0.51. 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's 50-day simple moving average is $122.06 and its 200-day simple moving average is $110.89.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results 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. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the previous year, the company posted $1.43 earnings per share. Equities analysts expect that Newmont Corporation will post 9.05 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, September 3rd. Newmont's dividend payout ratio is 13.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Newmont from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 29th. Weiss Ratings raised Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Scotiabank upped their target price on Newmont from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. TD Securities upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group lowered their price target on Newmont from $122.50 to $111.40 and set a "buy" rating for the company in a report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and an average price target of $133.50.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently rose more than 1% as the U.S. dollar weakened and Treasury yields eased, improving the outlook for gold miners’ revenue and margins. Newmont is also benefiting from strong prior-quarter free cash flow, share repurchases and its ability to remain on track with 2026 guidance. Newmont rises as gold strengthens and investors look ahead to earnings
• Positive Sentiment: Analyst sentiment has improved. Bernstein raised its Newmont price target to $150 from $144, while the broader consensus target was reported at CHF 121.57, up 10.84%. Jefferies also reaffirmed a Buy rating, reinforcing expectations for further upside if gold remains strong. Bernstein Adjusts Price Target on Newmont Newmont consensus price target raised
• Positive Sentiment: Investors are positioning ahead of Newmont’s October 22 third-quarter earnings release. Wall Street expects earnings growth, helped by higher gold prices and potentially improved margins, while the company’s previous quarter showed strong cash generation and production execution. Newmont Corporation reports next week
• Neutral Sentiment: Newmont completed the sale of its Northumberland asset. The transaction may simplify the portfolio and support capital allocation, but the immediate earnings impact was not specified. Newmont completes Northumberland sale
• Negative Sentiment: Earnings expectations are mixed: higher gold prices could be offset by weaker production and higher costs, making the October 22 report a key near-term catalyst and volatility risk. NEM to Report Q3 Earnings
• Negative Sentiment: Insider-trading data shows 13 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, although insider transactions do not necessarily reflect company fundamentals.

Newmont Company Profile

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.

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