Benjamin Edwards Inc. Takes $470,000 Position in Newmont Corporation $NEM

Key Points

• Benjamin Edwards Inc. acquired 22,498 Newmont shares worth approximately $470,000 in the second quarter. Institutional investors and hedge funds collectively own 68.85% of the company.
• Newmont reported quarterly earnings of $2.10 per share, exceeding estimates, alongside a 33.36% net margin and $6.12 billion in revenue. The company declared a quarterly dividend of $0.26 per share, equivalent to a 0.8% annual yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $132.73. However, insiders have reported only sales in recent months, and the stock remains sensitive to gold prices, interest rates and mining costs.

Benjamin Edwards Inc. bought a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,498 shares of the basic materials company's stock, valued at approximately $470,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GTS Securities LLC purchased a new stake in shares of Newmont in the second quarter worth approximately $362,000. Private Harbour Investment Management & Counsel LLC bought a new position in shares of Newmont during the second quarter valued at about $95,000. Flputnam Investment Management Co. purchased a new position in Newmont during the second quarter worth about $145,000. Cookson Peirce & Co. Inc. bought a new position in shares of Newmont during the 2nd quarter worth approximately $2,315,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Newmont during the 2nd quarter worth approximately $8,096,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s recent quarterly update continues to support investor sentiment: the company reported approximately 1.3 million attributable gold ounces, record quarterly free cash flow of $2.2 billion, maintained its 2026 production guidance and declared a $0.26-per-share dividend. Why Newmont Corporation Stock Is Up Today
• Positive Sentiment: A recent valuation analysis characterized Newmont as financially resilient, citing a net margin of roughly 33%, strong cash generation, low leverage and a forward P/E near 14.5. The company’s $1.95 billion payment to Barrick to finalize the Nevada Gold Mines joint-venture settlement also strengthens its control of a major production base. Newmont Stock Analysis
• Neutral Sentiment: Analysts’ recent price targets have a median of $140, suggesting potential upside from current levels, although targets range widely from $120 to $176 and remain sensitive to gold prices, interest rates and mining costs. Newmont Price Targets
• Negative Sentiment: Newmont CEO Natascha Viljoen sold 3,882 shares worth approximately $477,000, while EVP Peter Toth sold 3,000 shares worth about $369,000. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their holdings but not necessarily signaling a change in business outlook. Newmont Insider Transactions
• Negative Sentiment: Insider activity has been one-sided over the past six months, with reported sales and no purchases. High Treasury yields also remain a risk because they raise the opportunity cost of holding gold, while inflation and energy costs could pressure mining margins. Newmont Insider and Market Analysis

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD upped their target price on Newmont from $127.00 to $133.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Bank of America dropped their price target on Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Weiss Ratings cut Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 17th. Zacks Research downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, 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 research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.73.

Insider Transactions at Newmont

In related news, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction dated 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 completion of 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 32,091 shares of company stock worth $3,414,187. 0.06% of the stock is owned by company insiders.

Newmont Trading Up 4.3%

NYSE:NEM opened at $130.59 on Friday. Newmont Corporation has a 12 month low of $73.44 and a 12 month high of $135.29. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $106.54 and its 200 day moving average is $109.59. The stock has a market capitalization of $137.60 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.76 and a beta of 0.52.

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 the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.35 billion. During the same period in the prior year, the company earned $1.43 earnings per share. Sell-side analysts expect that Newmont Corporation will post 9.01 earnings per share for the current year.

Newmont Announces Dividend

The company also recently declared 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 currently 13.13%.

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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