20,399 Shares in Newmont Corporation $NEM Bought by Confluence Investment Management LLC

Key Points

• Confluence Investment Management initiated a position in Newmont during the third quarter, buying 20,399 shares valued at approximately $2.35 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.10, exceeding estimates of $2.05, while revenue of $6.12 billion fell short of expectations. The company also maintains a quarterly dividend of $0.26 per share, yielding about 0.9% annually.
• Analysts retain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $134.26 versus the reported $114.64 share price; however, concerns include insider selling, valuation, and an anticipated 2026 production trough.

Confluence Investment Management LLC purchased a new position in Newmont Corporation (NYSE:NEM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,399 shares of the basic materials company's stock, valued at approximately $2,353,000.

Other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in Newmont by 2.4% in the 2nd quarter. QRG Capital Management Inc. now owns 225,867 shares of the basic materials company's stock valued at $21,096,000 after acquiring an additional 5,312 shares in the last quarter. State Street Corp increased its holdings in Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company's stock worth $4,893,852,000 after purchasing an additional 1,565,716 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in Newmont during the 2nd quarter worth approximately $467,000. Integrated Wealth Concepts LLC raised its stake in shares of Newmont by 3.9% in the second quarter. Integrated Wealth Concepts LLC now owns 58,415 shares of the basic materials company's stock worth $5,456,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Newmont in the second quarter worth approximately $38,917,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Newmont Stock Down 0.6%

NEM stock opened at $114.64 on Friday. The stock has a market cap of $120.79 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.61 and a beta of 0.52. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The stock's fifty day simple moving average is $118.11 and its two-hundred day simple moving average is $109.85. Newmont Corporation has a 1-year low of $76.05 and a 1-year high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion during 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 last year, the firm posted $1.43 EPS. Analysts expect that Newmont Corporation will post 9.09 EPS for the current year.

Newmont Dividend Announcement

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

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong earnings-surprise history and favorable trends in analyst estimates and other earnings indicators point to a reasonable chance of another quarterly beat. Will Newmont Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: BMO Capital Markets raised its price target to $145 from $135 and maintained an “outperform” rating, implying substantial upside from recent trading levels. This reflects continued confidence in Newmont’s earnings and gold-price exposure.
• Positive Sentiment: Recent coverage highlights record free cash flow and the potential for capital returns, including dividends and share repurchases. These factors may support the investment case if sustained. Newmont Posted Record Free Cash Flow
• Neutral Sentiment: Newmont updated the foreign-exchange details connected with its quarterly dividend notice. The announcement clarifies dividend administration but does not materially change the underlying payout. Newmont Updates ASX CDI Dividend Notice
• Negative Sentiment: An executive, Peter Toth, filed notice of an additional share sale under Rule 144. While an individual sale does not necessarily indicate deteriorating fundamentals, it can create a modest sentiment overhang. Newmont Executive Plans Additional Insider Share Sale
• Negative Sentiment: Some coverage argues that NEM’s valuation is ahead of its projected cash-flow outlook, making the stock vulnerable to profit-taking after its strong run. Newmont Stock Looks Priced Above Its Cash Flow Outlook
• Negative Sentiment: Reports that Newmont is approaching a 2026 production trough, along with Ord Minnett’s downgrade to “hold,” are weighing on near-term growth expectations. Ord Minnett Downgrades Newmont to a Hold

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the 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 $477,486.00. Following the completion of the transaction, the chief executive officer directly owned 131,353 shares of the company's stock, valued at $16,156,419. This represents a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $369,000.00. Following the completion of the sale, the executive vice president directly owned 37,315 shares in the company, valued at $4,589,745. This trade represents a 7.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 29,091 shares of company stock valued at $3,137,047. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays cut their target price on Newmont from $125.00 to $124.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 28th. BMO Capital Markets raised their price objective on Newmont from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $170.00 price objective on shares of Newmont in a report on Friday, August 14th. Canaccord Genuity Group reduced their target price on shares of Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Finally, Argus set a $110.00 target price on shares of Newmont in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $134.26.

Newmont Profile

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company's activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.

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