Capital Investment Advisors LLC Acquires 483,996 Shares of Newmont Corporation $NEM

Key Points

• Capital Investment Advisors LLC acquired 483,996 Newmont shares worth approximately $55.8 million, while several other institutional investors also initiated positions. Institutional investors now own 68.85% of the company.
• Newmont reported quarterly EPS of $2.20, beating the $1.94 consensus estimate, while revenue increased 15.2% year over year to $6.36 billion.
• Insiders sold 35,973 shares valued at approximately $3.93 million over the past three months, while Newmont declared a quarterly dividend of $0.26 per share, equivalent to a 1.0% annualized yield.

Capital Investment Advisors LLC purchased a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 483,996 shares of the basic materials company's stock, valued at approximately $55,824,000.

Several other large investors have also added to or reduced their stakes in NEM. Wedbush Securities Inc. purchased a new position in shares of Newmont during the third quarter valued at approximately $2,550,000. Capital City Trust Co. FL purchased a new position in Newmont during the 3rd quarter valued at $577,000. Fifth Third Wealth Advisors LLC bought a new position in Newmont in the third quarter worth approximately $1,769,000. Sterling Capital Management LLC purchased a new stake in Newmont during the third quarter worth $12,236,000. Finally, TSA Wealth Managment LLC acquired a new stake in Newmont in the 3rd quarter worth approximately $227,000. Institutional investors own 68.85% of the company's stock.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $445,692.42. Following the transaction, the chief executive officer directly owned 127,471 shares in the company, valued at approximately $14,634,945.51. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction dated 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 completion of 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 35,973 shares of company stock valued at $3,927,169. Company insiders own 0.06% of the company's stock.

Newmont Trading Down 4.7%

Shares of NEM stock opened at $108.72 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The stock has a market cap of $114.55 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.11 and a beta of 0.51. The firm's 50 day moving average price is $121.86 and its two-hundred day moving average price is $110.99. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 30.02% and a net margin of 34.73%. The company's revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. On average, analysts anticipate that Newmont Corporation will post 9.04 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 1.0%. Newmont's payout ratio is presently 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein upped their price target on Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Freedom Broker restated a "hold" rating and set a $116.00 target price (down from $130.00) on shares of Newmont in a research report on Thursday. Royal Bank Of Canada lifted their price objective on Newmont from $135.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Finally, BNP Paribas Exane boosted their price objective on shares of Newmont from $102.00 to $112.00 and gave the company a "neutral" rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $137.25.

About Newmont

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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