Cambria Investment Management L.P. Boosts Position in Newmont Corporation $NEM

Key Points

• Cambria Investment Management boosted its stake in Newmont by 1,187.2%, acquiring an additional 110,706 shares to hold 120,031 shares valued at about $10.12 million.
• Insider sale: Senior insider David James Fry sold 18,394 shares for roughly $2.05 million, reducing his position by 51.75%, a transaction that may amplify negative sentiment.
• Newmont posted an earnings beat (Q EPS $2.52 vs. $1.81), raised the quarterly dividend to $0.26, and carries a consensus "Buy" rating with a $134.15 price target, though analysts warn of sensitivity to weaker gold and its 2026 guidance.

Cambria Investment Management L.P. raised its position in Newmont Corporation (NYSE:NEM - Free Report) by 1,187.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,031 shares of the basic materials company's stock after acquiring an additional 110,706 shares during the quarter. Cambria Investment Management L.P.'s holdings in Newmont were worth $10,120,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NEM. Physician Wealth Advisors Inc. lifted its stake in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock worth $26,000 after purchasing an additional 236 shares during the period. JPL Wealth Management LLC bought a new stake in Newmont during the third quarter valued at approximately $27,000. Capital A Wealth Management LLC grew its position in Newmont by 1,648.3% during the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company's stock valued at $30,000 after buying an additional 478 shares during the period. Caldwell Trust Co purchased a new stake in Newmont during the second quarter valued at approximately $31,000. Finally, Country Trust Bank purchased a new stake in Newmont during the second quarter valued at approximately $32,000. 68.85% of the stock is currently owned by institutional investors.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Wall Street support and price targets: Several analysts have maintained buy/outperform ratings and the median price target in recent updates sits above the current price, giving a cushion for upside if bullion stabilizes. QuiverQuant: Newmont falls 3.2%
• Positive Sentiment: Dividend reaffirmation: Management reaffirmed the quarterly dividend in recent disclosures, which supports the company’s income profile for investors focused on yield. Yahoo Finance: Newmont Is Down 5.8%
• Neutral Sentiment: Planned, routine 10b5‑1 sale: Newmont disclosed an officer’s scheduled sale under a 10b5‑1 plan (small block), which is typically pre‑arranged and not an immediate red flag. TipRanks: Executive schedules routine sale
• Neutral Sentiment: Market reporting of the drop: Coverage notes Newmont’s share decline versus the broader market, summarizing the same drivers below as context for traders. Zacks: Newmont suffers larger drop
• Negative Sentiment: Gold weakness and 2026 guidance: Analysts and market writeups point to a softer gold backdrop (dollar strength and Fed rate expectations) and investor focus on Newmont’s 2026 outlook — which flags lower production and higher AISC — making the stock more sensitive on down days for bullion. QuiverQuant: Gold cools and investors refocus
• Negative Sentiment: Insider open‑market sale: A senior insider (David James Fry) sold ~18,394 shares (~$2.05M) recently, cutting his stake materially — transactions of this size can amplify negative sentiment, especially alongside broader selling. SEC Form 4: Insider sale
• Negative Sentiment: Macro/inflation pressure: Coverage highlights that recent U.S. inflation prints and market reaction pressured gold and raised questions about the resilience of Newmont’s cash returns under a weaker gold price scenario. Yahoo Finance: Inflation-driven gold weakness

Insider Buying and Selling

In other Newmont news, insider David James Fry sold 18,394 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.05% of the company's stock.

Newmont Stock Performance

Shares of NYSE NEM opened at $106.29 on Thursday. The company has a market cap of $115.63 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.86 and a beta of 0.39. Newmont Corporation has a 52-week low of $42.93 and a 52-week high of $134.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The firm's fifty day moving average is $118.86 and its two-hundred day moving average is $99.25.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business's revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a $0.26 dividend. This is an increase from Newmont's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 3rd. Newmont's dividend payout ratio (DPR) is presently 16.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NEM shares. Canaccord Genuity Group lifted their price target on shares of Newmont from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Bank of America upped their price objective on Newmont from $134.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. TD Securities decreased their target price on Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Sunday, March 8th. Finally, BNP Paribas Exane boosted their price target on Newmont from $123.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, March 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of "Buy" and a consensus price target of $134.15.

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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