Dudley Capital Management LLC Buys New Shares in Newmont Corporation $NEM

Dudley Capital Management LLC bought a new stake in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,729 shares of the basic materials company's stock, valued at approximately $1,584,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEM. Accel Wealth Management raised its stake in Newmont by 0.8% during the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company's stock worth $1,377,000 after purchasing an additional 115 shares during the period. Compound Planning Inc. grew its stake in shares of Newmont by 0.6% during the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company's stock valued at $2,294,000 after buying an additional 121 shares during the period. Zhang Financial LLC grew its stake in shares of Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company's stock valued at $1,707,000 after buying an additional 124 shares during the period. Heartland Bank & Trust Co grew its stake in shares of Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company's stock valued at $469,000 after buying an additional 127 shares during the period. Finally, Cambient Family Office LLC increased its holdings in shares of Newmont by 6.2% during the 1st quarter. Cambient Family Office LLC now owns 2,226 shares of the basic materials company's stock worth $241,000 after buying an additional 129 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 34,315 shares in the company, valued at approximately $3,939,705.15. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer owned 135,235 shares of the company's stock, valued at approximately $14,064,440. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by corporate insiders.

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

Newmont Trading Down 4.7%

NYSE NEM opened at $108.72 on Friday. The firm has a market capitalization of $114.55 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.02 and a beta of 0.51. 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 one year low of $76.05 and a one year high of $135.29. The company's 50 day moving average price is $121.86 and its 200 day moving average price is $110.99.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data 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 net margin of 34.73% and a return on equity of 30.02%. 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 firm earned $1.71 earnings per share. Newmont's revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that Newmont Corporation will post 9.07 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont's dividend payout ratio (DPR) is currently 12.09%.

Analyst Upgrades and Downgrades

NEM has been the topic of several research reports. Sanford C. Bernstein increased their target price on Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. BNP Paribas Exane lifted their target price on Newmont from $102.00 to $112.00 and gave the company a "neutral" rating in a report on Monday, August 17th. Scotiabank boosted their price target on Newmont from $147.00 to $149.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Citigroup boosted their price target on Newmont from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Canaccord Genuity Group dropped their price target on Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $137.25.

Newmont 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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