Allworth Financial LP Invests $1.87 Million in Newmont Corporation $NEM

Key Points

• Allworth Financial purchased a new $1.87 million stake in Newmont during the second quarter, acquiring 19,985 shares. Institutional investors and hedge funds collectively own 68.85% of the company.
• Newmont shares opened at $131.76, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average price target of $132.59. The company also exceeded quarterly EPS expectations, reporting $2.10 versus the $2.05 consensus.
• Insiders have been net sellers, with executives selling 32,091 shares worth approximately $3.29 million over the past three months. Newmont declared a quarterly dividend of $0.26 per share, equivalent to a 0.8% annualized yield.

Allworth Financial LP purchased a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,985 shares of the basic materials company's stock, valued at approximately $1,867,000.

Several other hedge funds have also added to or reduced their stakes in the company. Leonteq Securities AG bought a new position in shares of Newmont during the fourth quarter worth about $9,018,000. ARS Investment Partners LLC boosted its position in shares of Newmont by 3.6% during the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company's stock valued at $69,602,000 after buying an additional 23,900 shares during the last quarter. Private Advisory Group LLC bought a new stake in Newmont during the second quarter worth $10,430,000. Thrivent Financial for Lutherans raised its position in Newmont by 37.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 214,282 shares of the basic materials company's stock valued at $21,440,000 after buying an additional 58,690 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of Newmont by 156.9% in the fourth quarter. iA Global Asset Management Inc. now owns 221,790 shares of the basic materials company's stock valued at $22,146,000 after purchasing an additional 135,446 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares in the company, valued at $14,064,440. This trade represents a 5.43% 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. Insiders have sold a total of 32,091 shares of company stock worth $3,292,513 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NEM shares. TD Cowen reiterated a "buy" rating on shares of Newmont in a research note on Monday, April 27th. Weiss Ratings downgraded shares of Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 17th. Zacks Research lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $170.00 target price on Newmont in a research note on Friday, August 14th. Finally, Bank of America reduced their price target on Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Newmont has an average rating of "Moderate Buy" and an average price target of $132.59.

Newmont Stock Up 3.2%

Shares of NEM opened at $131.76 on Friday. Newmont Corporation has a 52-week low of $69.05 and a 52-week high of $134.88. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $101.60 and a two-hundred day simple moving average of $108.96. The company has a market capitalization of $138.83 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.32 and a beta of 0.47.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same quarter in the prior year, the company posted $1.43 earnings per share. As a group, equities analysts forecast that Newmont Corporation will post 9.01 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont's payout ratio is 13.13%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold reached record levels. Spot gold traded above $4,500 an ounce and was on track for a third consecutive weekly gain. A softer U.S. dollar, bond-market volatility and inflation concerns increased demand for gold as a safe-haven asset, improving the potential revenue and cash-flow outlook for Newmont. Why Is Newmont Stock Surging Friday?
• Positive Sentiment: Strong operating performance and capital returns supported sentiment. Newmont reported record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion, remains on track to produce 5.3 million attributable gold ounces in 2026, and has returned approximately $1.9 billion through dividends and share repurchases since its prior earnings report.
• Positive Sentiment: Scotiabank raised its earnings forecast. The firm increased its FY2026 EPS estimate to $8.96 from $8.83, maintained an “Outperform” rating and set a $149 price target. The median target among 10 analysts is reported at $145.50, suggesting analysts generally see additional upside.
• Neutral Sentiment: Newmont appointed Peter Beaven as an independent director. Effective September 1, Beaven is expected to join the Audit Committee, adding finance and global mining experience. The appointment is strategically supportive but is unlikely to materially change near-term earnings. Newmont Appoints Peter Beaven to Board of Directors
• Neutral Sentiment: Newmont agreed to sell a Nevada gold project to StrikePoint for $70 million. The transaction may help streamline the portfolio and monetize a noncore asset, although the immediate earnings impact was not provided. StrikePoint to Buy Nevada Gold Project from Newmont
• Negative Sentiment: Reported insider trading was a potential cautionary signal. Company insiders recorded 15 open-market sales and no purchases during the past six months, though such transactions may reflect compensation or personal financial planning rather than a view on Newmont’s business.

Newmont Profile

Newmont Corporation NYSE: NEM is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.

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