Asset One Wealth Management LLC Invests $2.87 Million in Newmont Corporation $NEM

Key Points

• Asset One Wealth Management initiated a $2.87 million position in Newmont during the second quarter, purchasing 30,106 shares. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.10, exceeding analyst expectations of $2.05, though revenue of $6.12 billion fell short of the $6.35 billion consensus estimate.
• The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $132.59.

Asset One Wealth Management LLC purchased a new position in Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,106 shares of the basic materials company's stock, valued at approximately $2,866,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Newmont by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company's stock worth $13,390,613,000 after buying an additional 637,996 shares during the period. BlackRock Inc. purchased a new position in shares of Newmont during the second quarter valued at $11,289,753,000. State Street Corp increased its stake in shares of Newmont by 1.0% during the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company's stock valued at $4,988,491,000 after buying an additional 480,223 shares during the period. Van ECK Associates Corp raised its holdings in shares of Newmont by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company's stock valued at $2,973,539,000 after acquiring an additional 5,643,496 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Newmont by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company's stock valued at $2,738,756,000 after acquiring an additional 946,824 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Up 0.1%

NYSE:NEM opened at $131.76 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. Newmont Corporation has a twelve month low of $69.05 and a twelve month high of $134.88. The company has a market cap of $138.83 billion, a PE ratio of 16.64, a P/E/G ratio of 1.36 and a beta of 0.47. The company's 50 day moving average is $101.60 and its two-hundred day moving average is $108.93.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same period in the previous year, the company earned $1.43 earnings per share. Analysts anticipate that Newmont Corporation will post 9.01 EPS for the current year.

Newmont Announces Dividend

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

Key Newmont News

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.

Insider Buying and Selling at Newmont

In other news, 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 sale, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction 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 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 ninety days, insiders sold 32,091 shares of company stock worth $3,292,513. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NEM. BNP Paribas Exane reduced their price target on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st. Bank of America dropped their price objective on shares of Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. The Goldman Sachs Group cut their price objective on shares of Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Citigroup reduced their price objective on shares of Newmont from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, Canaccord Genuity Group dropped their target price on Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $132.59.

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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