Emerald Investment Advisers LLC Invests $2.40 Million in Newmont Corporation $NEM

Key Points

• Emerald Investment Advisers acquired a new $2.40 million stake in Newmont during the second quarter, purchasing 25,710 shares. Institutional investors and hedge funds collectively own 68.85% of the company.
• Newmont reported quarterly earnings of $2.10 per share, beating estimates of $2.05, while revenue of $6.12 billion fell short of expectations. The company declared a quarterly dividend of $0.26 per share, equivalent to a 0.8% annual yield.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $132.59 price target. Shares recently opened at $131.76, near the consensus target and close to the stock’s 52-week high of $134.88.

Emerald Investment Advisers LLC bought a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,710 shares of the basic materials company's stock, valued at approximately $2,401,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Leonteq Securities AG acquired a new position in Newmont during the fourth quarter worth $9,018,000. ARS Investment Partners LLC raised its position in Newmont by 3.6% in the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company's stock worth $69,602,000 after acquiring an additional 23,900 shares in the last quarter. Private Advisory Group LLC acquired a new stake in Newmont in the second quarter valued at $10,430,000. Thrivent Financial for Lutherans lifted its holdings in Newmont by 37.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 214,282 shares of the basic materials company's stock valued at $21,440,000 after acquiring an additional 58,690 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in shares of Newmont by 156.9% during the 4th quarter. iA Global Asset Management Inc. now owns 221,790 shares of the basic materials company's stock worth $22,146,000 after purchasing an additional 135,446 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NYSE:NEM opened at $131.76 on Friday. The business's fifty day moving average price is $101.60 and its two-hundred day moving average price is $108.96. The stock has a market cap of $138.83 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. 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 $69.05 and a one year high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The company had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.35 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. On average, analysts forecast that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont's dividend payout ratio (DPR) is currently 13.13%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEM. Scotiabank upped their price target on shares of Newmont from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Bank of America reduced their price objective on shares of Newmont from $157.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Zacks Research downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. BNP Paribas Exane lowered their target price on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce set a $170.00 target price on shares of Newmont in a report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus price target of $132.59.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold reached record levels. Spot gold traded above $4,500 an ounce and was on track for a third consecutive weekly gain. A softer U.S. dollar, bond-market volatility and inflation concerns increased demand for gold as a safe-haven asset, improving the potential revenue and cash-flow outlook for Newmont. Why Is Newmont Stock Surging Friday?
• Positive Sentiment: Strong operating performance and capital returns supported sentiment. Newmont reported record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion, remains on track to produce 5.3 million attributable gold ounces in 2026, and has returned approximately $1.9 billion through dividends and share repurchases since its prior earnings report.
• Positive Sentiment: Scotiabank raised its earnings forecast. The firm increased its FY2026 EPS estimate to $8.96 from $8.83, maintained an “Outperform” rating and set a $149 price target. The median target among 10 analysts is reported at $145.50, suggesting analysts generally see additional upside.
• Neutral Sentiment: Newmont appointed Peter Beaven as an independent director. Effective September 1, Beaven is expected to join the Audit Committee, adding finance and global mining experience. The appointment is strategically supportive but is unlikely to materially change near-term earnings. Newmont Appoints Peter Beaven to Board of Directors
• Neutral Sentiment: Newmont agreed to sell a Nevada gold project to StrikePoint for $70 million. The transaction may help streamline the portfolio and monetize a noncore asset, although the immediate earnings impact was not provided. StrikePoint to Buy Nevada Gold Project from Newmont
• Negative Sentiment: Reported insider trading was a potential cautionary signal. Company insiders recorded 15 open-market sales and no purchases during the past six months, though such transactions may reflect compensation or personal financial planning rather than a view on Newmont’s business.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the transaction, the executive vice president owned 40,315 shares of the company's stock, valued at approximately $3,767,436.75. The trade was a 6.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the transaction, the chief executive officer directly owned 135,235 shares of the company's stock, valued at $14,064,440. The trade was a 5.43% decrease in their position. 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. In the last quarter, insiders sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is owned by corporate insiders.

Newmont Profile

Newmont Corporation NYSE: NEM is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.

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