Ashton Thomas Private Wealth LLC Buys New Stake in Newmont Corporation $NEM

Key Points

• Ashton Thomas Private Wealth acquired 31,454 Newmont shares in the third quarter, valued at approximately $3.63 million.
• Newmont reported quarterly earnings of $2.20 per share, beating the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion.
• The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a 0.9% yield; analysts’ consensus rating was “Moderate Buy,” with a $137.20 average price target.

Ashton Thomas Private Wealth LLC bought a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,454 shares of the basic materials company's stock, valued at approximately $3,628,000.

A number of other large investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont during the first quarter worth about $25,000. GoalVest Advisory LLC acquired a new position in shares of Newmont in the third quarter valued at approximately $28,000. Financial Management Professionals Inc. purchased a new stake in Newmont during the 3rd quarter worth approximately $30,000. Clearstead Trust LLC purchased a new stake in Newmont during the 2nd quarter worth approximately $25,000. Finally, Signature Equity Partners LLC acquired a new stake in Newmont during the 3rd quarter worth approximately $32,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Trading Down 0.1%

NYSE:NEM opened at $120.82 on Monday. The stock's 50 day moving average price is $118.87 and its 200 day moving average price is $112.48. The company has a market capitalization of $125.55 billion, a PE ratio of 14.05, a P/E/G ratio of 2.20 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 52-week low of $81.34 and a 52-week high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. On average, research analysts anticipate that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont's dividend payout ratio is currently 12.09%.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares of the company's stock, valued at approximately $10,986,695.64. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president owned 31,315 shares of the company's stock, valued at $3,383,272.60. This trade represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Canadian Imperial Bank of Commerce set a $154.00 price target on shares of Newmont in a research report on Friday, October 16th. Freedom Broker lowered Newmont from a "buy" rating to a "hold" rating and cut their price objective for the stock from $130.00 to $116.00 in a research report on Thursday, October 22nd. Zacks Research cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. National Bank Financial lowered their target price on Newmont from $140.00 to $135.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 20th. Finally, TD Cowen cut their price target on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.20.

Newmont Company Profile

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