Bard Associates Inc. Makes New Investment in Newmont Corporation $NEM

Key Points

• Bard Associates acquired 14,530 Newmont shares during the second quarter, valued at approximately $1.36 million. Institutional investors collectively own 68.85% of the company, with BlackRock and other major firms also building positions.
• Analysts maintain a generally positive outlook, with Newmont receiving a “Moderate Buy” consensus rating and an average price target of $132.59, despite several recent target-price reductions.
• Newmont exceeded quarterly EPS expectations with $2.10 per share and announced a quarterly dividend of $0.26, while recent insider selling—including transactions by the CFO and an executive vice president—provides a potential cautionary signal.

Bard Associates Inc. acquired a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,530 shares of the basic materials company's stock, valued at approximately $1,357,000.

Several other institutional investors have also recently made changes to their positions in NEM. BlackRock Inc. purchased a new stake in Newmont in the 2nd quarter worth about $11,289,753,000. Norges Bank bought a new stake in Newmont in the fourth quarter worth about $1,443,128,000. Bank of New York Mellon Corp purchased a new position in shares of Newmont during the second quarter valued at approximately $1,219,505,000. Deutsche Bank AG bought a new position in shares of Newmont during the second quarter valued at approximately $911,180,000. Finally, Van ECK Associates Corp grew its stake in shares of Newmont by 23.4% during 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 buying an additional 5,643,496 shares during the last quarter. Institutional investors own 68.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Argus set a $110.00 price target on Newmont in a research note on Monday, August 3rd. Wall Street Zen downgraded Newmont from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. National Bank Financial reduced their target price on Newmont from $140.00 to $125.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group decreased their target price on Newmont from $122.50 to $111.40 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Finally, Canaccord Genuity Group lowered their target price on shares of Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Newmont has an average rating of "Moderate Buy" and a consensus target price of $132.59.

Insider Transactions at Newmont

In related news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the transaction, the executive vice president owned 40,315 shares in the company, valued at $3,767,436.75. The trade was a 6.93% 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. Insiders have sold a total of 32,091 shares of company stock valued at $3,292,513 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Newmont Trading Up 3.2%

Shares of NYSE:NEM opened at $131.76 on Friday. 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 Corporation has a 52-week low of $69.05 and a 52-week high of $134.88. The stock has a market cap of $138.83 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.32 and a beta of 0.47. The business has a 50-day moving average price of $101.60 and a 200-day moving average price of $108.96.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) 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 company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. Equities analysts predict that Newmont Corporation will post 9.01 EPS for the current 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend 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%.

More 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.

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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