Candriam S.C.A. Buys 163,198 Shares of Newmont Corporation $NEM

Key Points

• Candriam S.C.A. initiated a position in Newmont during the third quarter, buying 163,198 shares valued at approximately $18.9 million. Institutional investors and hedge funds collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.20, above the $1.94 analyst consensus, and revenue of $6.36 billion, up 15.2% year over year. The company also announced a quarterly dividend of $0.26 per share.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $137.20. Insiders sold 20,646 shares over the past quarter; the executive sales cited were made under pre-arranged trading plans.

Candriam S.C.A. bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 163,198 shares of the basic materials company's stock, valued at approximately $18,892,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont during the first quarter worth about $25,000. Clearstead Trust LLC purchased a new stake in Newmont in the second quarter valued at approximately $25,000. Kilter Group LLC purchased a new stake in Newmont in the second quarter valued at approximately $26,000. GoalVest Advisory LLC acquired a new position in Newmont in the 3rd quarter worth approximately $28,000. Finally, Financial Management Professionals Inc. acquired a new position in Newmont in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Key Stories 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

Newmont Stock Down 0.1%

Newmont stock opened at $120.82 on Monday. The business's 50-day moving average price is $118.87 and its 200 day moving average price is $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. The firm 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 Corporation has a 52 week low of $81.34 and a 52 week high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $1.71 earnings per share. Newmont's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Announces Dividend

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

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the transaction, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 20,646 shares of company stock valued at $2,380,140. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on NEM. BMO Capital Markets raised their price target on shares of Newmont from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 29th. The Goldman Sachs Group dropped their price objective on shares of Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Zacks Research downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. Finally, Sanford C. Bernstein raised their target price on shares of Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Newmont presently has an average rating of "Moderate Buy" and a consensus price target of $137.20.

Newmont Company Profile

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