Ancora Advisors LLC Invests $238,000 in Newmont Corporation $NEM

Key Points

• Ancora Advisors initiated a position in Newmont by purchasing 11,371 shares valued at approximately $238,000. Institutional investors collectively own 68.85% of the company, with major new stakes from BlackRock, VanEck, Norges Bank and others.
• Newmont reported quarterly EPS of $2.10, exceeding estimates of $2.05, while revenue of $6.12 billion fell short of expectations. The company declared a quarterly dividend of $0.26 per share, representing a 0.8% yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $132.73 price target, though several firms recently reduced their targets. Recent insider activity has consisted primarily of sales, including transactions by the CFO and CEO.

Ancora Advisors LLC bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,371 shares of the basic materials company's stock, valued at approximately $238,000.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Newmont in the second quarter valued at approximately $11,289,753,000. Van ECK Associates Corp bought a new stake in shares of Newmont in the second quarter worth $671,197,000. Norges Bank acquired a new position in Newmont during the fourth quarter worth $1,443,128,000. Bank of New York Mellon Corp acquired a new position in Newmont during the second quarter worth $1,219,505,000. Finally, Deutsche Bank AG bought a new position in Newmont in the second quarter valued at $911,180,000. Institutional investors own 68.85% of the company's stock.

Newmont Stock Down 1.8%

Newmont stock opened at $128.09 on Friday. The company has a market capitalization of $134.97 billion, a PE ratio of 16.17, a PEG ratio of 1.84 and a beta of 0.52. Newmont Corporation has a 12-month low of $75.21 and a 12-month high of $135.29. The firm's fifty day moving average is $107.18 and its 200 day moving average is $109.72. 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 posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion during 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 period last year, the company posted $1.43 earnings per share. As a group, sell-side analysts predict that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be given 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 of this dividend is Thursday, September 3rd. Newmont's dividend payout ratio is presently 13.13%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently advanced as the U.S. dollar and Treasury yields eased, lifting gold-mining stocks. Newmont’s latest quarterly update also highlighted record free cash flow of approximately $2.2 billion, about 1.3 million attributable gold ounces, maintained 2026 production guidance and a declared $0.26-per-share dividend. Newmont stock analysis
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, while recent analyst targets generally imply additional upside. Newmont is also being presented as an income-producing gold hedge, supported by strong cash generation, low leverage and a roughly 0.8% dividend yield. Analyst outlook for Newmont
• Neutral Sentiment: Newmont’s $1.95 billion payment to Barrick finalized its Nevada Gold Mines joint-venture settlement, giving the company greater control of a major production base. The move may improve long-term operating flexibility but also represents a substantial capital outlay. Nevada Gold Mines agreement
• Negative Sentiment: CEO Natascha Viljoen sold 3,882 shares and EVP Peter Toth sold 3,000 shares at $123 per share. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but reported insider activity has consisted of sales and no purchases over the past six months. Newmont insider sales
• Negative Sentiment: Elevated Treasury yields remain a headwind for gold because they increase the opportunity cost of holding a non-yielding asset. Analysts also caution that mining costs, energy prices and interest-rate volatility could pressure margins and valuation multiples. Gold-mining sector outlook

Insider Activity at Newmont

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the transaction, the chief executive officer owned 131,353 shares in the company, valued at approximately $16,156,419. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 32,091 shares of company stock valued at $3,414,187. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on NEM shares. UBS Group dropped their target price on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. BMO Capital Markets decreased their price target on Newmont from $145.00 to $135.00 and set an "outperform" rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings lowered Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 17th. Argus set a $110.00 target price on shares of Newmont in a research note on Monday, August 3rd. Finally, Bank of America lowered their target price on shares of Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.73.

Newmont Company 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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