33,755 Shares in Newmont Corporation $NEM Purchased by Radnor Capital Management LLC

Key Points

• Radnor Capital Management purchased 33,755 Newmont shares in the third quarter, valued at approximately $3.9 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported better-than-expected quarterly results, with EPS of $2.20 versus the $1.94 consensus and revenue of $6.36 billion, up 15.2% year over year.
• The company declared a quarterly dividend of $0.26 per share, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $137.25.

Radnor Capital Management LLC purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 33,755 shares of the basic materials company's stock, valued at approximately $3,893,000.

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

Insider Transactions at Newmont

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

Newmont Stock Down 4.7%

NEM stock opened at $108.72 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The company's 50 day simple moving average is $121.86 and its 200-day simple moving average is $110.99. Newmont Corporation has a 12 month low of $76.05 and a 12 month high of $135.29. The firm has a market capitalization of $114.55 billion, a PE ratio of 12.64, a P/E/G ratio of 2.02 and a beta of 0.51.

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. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 30.02% and a net margin of 34.73%. Newmont's revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. Equities analysts expect that Newmont Corporation will post 9.07 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont's payout ratio is 12.09%.

Analysts Set New Price Targets

Several equities analysts have commented on NEM shares. BMO Capital Markets raised their price target on shares of Newmont from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, September 29th. BNP Paribas Exane upped their price objective on Newmont from $102.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. UBS Group reduced their price objective on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Canaccord Genuity Group decreased their target price on Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their target price on Newmont from $135.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $137.25.

Key Stories Impacting Newmont

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

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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