Brighton Jones LLC Acquires 54,255 Shares of Newmont Corporation $NEM

Key Points

• Brighton Jones LLC initiated a Newmont position by purchasing 54,255 shares in the third quarter, valued at approximately $6.26 million. Several other institutional investors also opened positions; institutions collectively own 68.85% of the stock.
• Newmont’s latest quarter beat expectations, with earnings of $2.20 per share versus $1.94 forecast and revenue of $6.36 billion versus $6.27 billion expected. Revenue rose 15.2% year over year.
• Newmont declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a 0.9% yield.

Brighton Jones LLC purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 54,255 shares of the basic materials company's stock, valued at approximately $6,258,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Hourglass Capital LLC purchased a new position in Newmont during the 3rd quarter valued at about $13,066,000. Hennessy Advisors Inc. purchased a new stake in shares of Newmont in the third quarter worth approximately $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Newmont during the third quarter worth approximately $814,000. Greenleaf Trust acquired a new stake in shares of Newmont during the third quarter worth approximately $3,043,000. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Newmont during the third quarter worth approximately $3,068,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Trading Down 0.1%

Newmont stock opened at $120.82 on Monday. The business has a 50 day moving average price of $118.87 and a two-hundred day moving average price of $112.48. 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 12 month low of $81.34 and a 12 month high of $135.29. The stock has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share 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%. Newmont's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 EPS. As a group, equities analysts forecast that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Announces Dividend

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

Key Headlines Impacting Newmont

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEM shares. BNP Paribas Exane upped their price target on shares of Newmont from $102.00 to $112.00 and gave the stock a "neutral" rating in a research note on Monday, August 17th. Jefferies Financial Group lifted their price target on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Weiss Ratings upgraded Newmont from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 16th. Scotiabank dropped their price objective on Newmont from $149.00 to $148.00 and set an "outperform" rating on the stock in a report on Tuesday, October 27th. Finally, Royal Bank Of Canada raised their target price on Newmont from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares in the company, valued at approximately $10,986,695.64. The trade was a 3.68% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 20,646 shares of company stock worth $2,380,140 in the last three months. Insiders own 0.06% of the company's stock.

About Newmont

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