Crossmark Global Holdings Inc. Makes New Investment in Newmont Corporation $NEM

Key Points

• Crossmark Global Holdings purchased 84,421 Newmont shares in the third quarter, valued at approximately $9.7 million. Institutional investors now own 68.85% of the company.
• Newmont reported quarterly earnings of $2.20 per share and revenue of $6.36 billion, beating analyst estimates; revenue increased 15.2% year over year, supported by higher gold prices and stronger sales.
• Analyst sentiment remains positive but mixed, with a consensus “Moderate Buy” rating and average price target of $134.06. Newmont also declared a quarterly dividend of $0.26 per share, while higher costs and insider selling remain concerns.

Crossmark Global Holdings Inc. purchased a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,421 shares of the basic materials company's stock, valued at approximately $9,737,000.

Other large investors also recently modified their holdings of the company. Income Insurance Ltd acquired a new stake in shares of Newmont during the third quarter valued at about $223,000. Inlet Private Wealth LLC bought a new stake in shares of Newmont during the third quarter worth about $4,777,000. Strengthening Families & Communities LLC bought a new stake in shares of Newmont during the third quarter worth about $4,781,000. Sowell Financial Services LLC acquired a new position in shares of Newmont in the third quarter valued at approximately $2,518,000. Finally, Quadrant Capital Group LLC bought a new position in Newmont in the 3rd quarter valued at approximately $1,697,000. 68.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NEM. UBS Group cut their target price on shares of Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Freedom Broker reaffirmed a "hold" rating and set a $116.00 price target (down from $130.00) on shares of Newmont in a research note on Thursday. Raymond James Financial reiterated an "outperform" rating and set a $140.00 price target on shares of Newmont in a report on Monday, August 24th. BNP Paribas Exane reduced their price objective on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 21st. Finally, National Bank Financial decreased their price objective on Newmont from $140.00 to $135.00 and set a "sector perform" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.06.

Newmont Trading Down 3.0%

NYSE:NEM opened at $113.63 on Friday. The firm's fifty day moving average is $122.05 and its 200-day moving average is $111.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. Newmont Corporation has a 52 week low of $76.05 and a 52 week high of $135.29. The firm has a market cap of $119.73 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.17 and a beta of 0.51.

Newmont (NYSE:NEM - Get Free Report) last posted 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. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The company had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the prior year, the company posted $1.71 earnings per share. Newmont's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts expect that Newmont Corporation will post 9.04 earnings per share for the current year.

Newmont Dividend Announcement

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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont's dividend payout ratio (DPR) is presently 13.13%.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.96 consensus estimate, while revenue of $6.36 billion exceeded expectations of $6.26 billion. The company benefited from higher gold prices and stronger sales volumes. Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery
• Positive Sentiment: Net profit rose to approximately $2.48 billion from $1.83 billion a year earlier. The results were supported by elevated gold prices, improved gold sales and recovery at the Cadia operation, reinforcing the company’s operating leverage to bullion prices. Newmont Logs Higher Profit, Revenue on Higher Gold Sales
• Positive Sentiment: Management said Newmont remains on track to achieve full-year 2026 production guidance and described the quarter as record-setting for adjusted net income. Investors also responded favorably to expectations that the company could return to growth in 2027. Newmont Reports Third Quarter 2026 Results
• Positive Sentiment: RBC Dominion Securities raised its view to “outperform” with a $155 price target, implying substantial upside from recent trading levels. Newmont also declared a quarterly dividend of approximately $0.26 per share. RBC Dominion Securities Newmont rating
• Neutral Sentiment: Newmont filed its September-quarter Form 10-Q, providing the detailed financial disclosures behind the earnings release. The dividend declaration and updated payment terms were also reported for the company’s CDI holders. Newmont Files September Quarter Form 10-Q
• Negative Sentiment: Higher costs remain a concern. Coverage noted that Newmont raised its 2026 cost outlook, which could limit the benefit of strong gold prices and reduce confidence in margins. Newmont beats third-quarter earnings expectations
• Negative Sentiment: Analyst sentiment was mixed: Freedom Broker maintained a “hold” rating but cut its target to $116 from $130, while National Bank Financial also lowered expectations. These cautious revisions likely tempered the positive reaction to the earnings beat.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president directly owned 34,315 shares of the company's stock, valued at approximately $3,939,705.15. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the transaction, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 35,973 shares of company stock worth $3,927,169. Company insiders own 0.06% of the company's stock.

Newmont Company Profile

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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