Chicago Partners Investment Group LLC Buys New Stake in Newmont Corporation $NEM

Key Points

• Chicago Partners Investment Group bought a new stake of 21,499 Newmont shares in the third quarter, valued at approximately $2.34 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.20, beating the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion.
• Analysts give Newmont a consensus “Moderate Buy” rating with an average price target of $137.20. Company insiders sold 20,646 shares worth about $2.38 million over the past three months.

Chicago Partners Investment Group LLC purchased a new position in shares of 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 fund purchased 21,499 shares of the basic materials company's stock, valued at approximately $2,341,000.

Several other institutional investors and hedge funds also recently modified their holdings of NEM. BlackRock Inc. bought a new position in Newmont in the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp acquired a new position in Newmont during the second quarter worth about $671,197,000. Bank of New York Mellon Corp acquired a new position in shares of Newmont in the 2nd quarter worth approximately $1,219,505,000. First Eagle Investment Management LLC acquired a new stake in shares of Newmont during the 2nd quarter valued at $241,820,000. Finally, Amundi acquired a new position in shares of Newmont in the 2nd quarter valued at $209,411,000. Institutional investors own 68.85% of the company's stock.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm'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 sale, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. This trade represents 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 business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total value of $477,486.00. Following the transaction, the chief executive officer owned 131,353 shares in the company, valued at $16,156,419. This represents a 2.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,646 shares of company stock valued at $2,380,140 in the last three months. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Newmont from $135.00 to $145.00 in a report on Monday, August 17th. Jefferies Financial Group raised their price objective on Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. BMO Capital Markets lifted their target price on Newmont from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, September 29th. Sanford C. Bernstein upped their target price on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Finally, Zacks Research cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $137.20.

Key Newmont News

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 Trading Up 0.9%

Newmont stock opened at $120.82 on Friday. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The company's fifty day moving average price is $118.87 and its two-hundred day moving average price is $112.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The company has a market capitalization of $125.55 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 1.99 and a beta of 0.56.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company posted $1.71 EPS. The firm's revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that Newmont Corporation will post 9.14 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors 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 is Wednesday, November 25th. Newmont's dividend payout ratio (DPR) is 12.09%.

Newmont Profile

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