38,881 Shares of Newmont Corporation $NEM Acquired by Brookstone Capital Management

Key Points

• Brookstone Capital Management acquired 38,881 Newmont shares worth approximately $4.5 million in the third quarter. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.20, beating estimates of $1.94, while revenue increased 15.2% year over year to $6.36 billion.
• The company declared a quarterly dividend of $0.26 per share, while analysts maintained an overall “Moderate Buy” rating with an average price target of $137.25.

Brookstone Capital Management acquired a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 38,881 shares of the basic materials company's stock, valued at approximately $4,484,000.

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

Newmont Stock Down 4.7%

Shares of Newmont stock opened at $108.72 on Friday. The company has a market cap of $114.55 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company's 50 day moving average is $121.86 and its 200 day moving average is $110.99. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.27 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm's quarterly revenue was up 15.2% on a year-over-year basis. Research analysts anticipate that Newmont Corporation will post 9.07 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid 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 is Wednesday, November 25th. Newmont's dividend payout ratio (DPR) is 12.09%.

Insider Transactions at Newmont

In other Newmont news, CEO Natascha Viljoen sold 7,764 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the transaction, the chief executive officer directly owned 135,235 shares of the company's stock, valued at approximately $14,064,440. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction that occurred 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 sale, the chief financial officer owned 29,324 shares of the company's stock, 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. Insiders have sold a total of 35,973 shares of company stock worth $3,927,169 in the last ninety days. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on NEM shares. RBC Dominion Securities set a $155.00 target price on Newmont and gave the stock an "outperform" rating in a report on Thursday. BNP Paribas Exane boosted their price target on Newmont from $102.00 to $112.00 and gave the stock a "neutral" rating in a research note on Monday, August 17th. Jefferies Financial Group upped their price target on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Raymond James Financial reaffirmed an "outperform" rating and set a $140.00 price objective (up from $131.00) on shares of Newmont in a research report on Monday, August 24th. Finally, Canadian Imperial Bank of Commerce set a $154.00 price objective on Newmont in a report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.25.

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

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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