20,325 Shares of Newmont Corporation $NEM Bought by Signaturefd LLC

Key Points

• Signaturefd LLC acquired 20,325 Newmont shares during the third quarter, valued at approximately $2.34 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.20, beating estimates of $1.94, while revenue rose 15.2% year over year to $6.36 billion. The company declared a quarterly dividend of $0.26 per share, representing a 1.0% yield.
• Insiders sold 35,973 shares worth approximately $3.93 million over the past 90 days, while analyst sentiment remained generally positive with a consensus “Moderate Buy” rating and an average price target of $137.25.

Signaturefd LLC bought a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,325 shares of the basic materials company's stock, valued at approximately $2,344,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. Accel Wealth Management lifted its position in shares of Newmont by 0.8% in the 2nd quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company's stock worth $1,377,000 after acquiring an additional 115 shares during the period. Compound Planning Inc. grew its holdings in shares of Newmont by 0.6% during the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company's stock worth $2,294,000 after purchasing an additional 121 shares in the last quarter. Zhang Financial LLC grew its holdings in shares of Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company's stock worth $1,707,000 after purchasing an additional 124 shares in the last quarter. Heartland Bank & Trust Co increased its position in shares of Newmont by 3.0% during the first quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company's stock valued at $469,000 after purchasing an additional 127 shares during the period. Finally, Cambient Family Office LLC increased its position in shares of Newmont by 6.2% during the first quarter. Cambient Family Office LLC now owns 2,226 shares of the basic materials company's stock valued at $241,000 after purchasing an additional 129 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Insider Activity at Newmont

In related news, CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company's stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the sale, the executive vice president owned 34,315 shares in the company, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 35,973 shares of company stock valued at $3,927,169 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Newmont Stock Down 0.1%

Shares of NEM opened at $108.72 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $121.86 and a two-hundred day moving average price of $110.97. The stock has a market cap of $112.98 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.01 and a beta of 0.51. Newmont Corporation has a 12 month low of $76.05 and a 12 month high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating 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 company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the prior year, the company posted $1.71 EPS. The company's revenue was up 15.2% compared to the same quarter last year. Equities analysts predict that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 25th. Newmont's dividend payout ratio (DPR) is 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Analysts Set New Price Targets

A number of research analysts recently commented on NEM shares. Wall Street Zen lowered Newmont from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. Jefferies Financial Group lifted their price target on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Bank of America boosted their price target on shares of Newmont from $135.00 to $145.00 in a report on Monday, August 17th. Finally, Sanford C. Bernstein increased their price objective on shares of Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.25.

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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