Barrow Hanley Mewhinney & Strauss LLC Invests $214.02 Million in Newmont Corporation $NEM

Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,291,481 shares of the basic materials company's stock, valued at approximately $214,024,000. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.22% of Newmont at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Newmont during the 1st quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new position in Newmont in the 1st quarter worth $25,000. Clearstead Trust LLC purchased a new position in Newmont in the 2nd quarter worth $25,000. Kilter Group LLC acquired a new stake in Newmont during the 2nd quarter worth about $26,000. Finally, Swiss RE Ltd. purchased a new stake in Newmont during the 4th quarter valued at about $26,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Stock Performance

Shares of NYSE NEM opened at $131.76 on Monday. The company's fifty day moving average price is $101.60 and its 200 day moving average price is $108.93. Newmont Corporation has a 1 year low of $69.05 and a 1 year high of $134.88. The company has a market capitalization of $138.83 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55.

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

Newmont Dividend Announcement

The firm 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. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. Newmont's dividend payout ratio (DPR) is 13.13%.

Newmont News Summary

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 Activity

In other Newmont 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 transaction of $1,202,755.05. Following the transaction, the chief financial officer directly owned 29,324 shares of the company's stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Natascha Viljoen sold 7,764 shares of the company's stock in a transaction dated 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 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. 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 32,091 shares of company stock worth $3,292,513 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NEM shares. Scotiabank increased their price objective on Newmont from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. BMO Capital Markets decreased their target price on Newmont from $145.00 to $135.00 and set an "outperform" rating for the company in a report on Tuesday, June 23rd. Barclays dropped their target price on Newmont from $125.00 to $124.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 28th. TD Cowen reiterated a "buy" rating on shares of Newmont in a report on Monday, April 27th. Finally, Jefferies Financial Group reduced their target price on shares of Newmont from $158.00 to $146.00 and set a "buy" rating for the company in a report on Monday, July 6th. Two equities research 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 stock. Based on data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus 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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