Evolve Private Wealth LLC Invests $1.12 Million in Newmont Corporation $NEM

Key Points

• Evolve Private Wealth purchased a new $1.12 million stake in Newmont during the second quarter, acquiring 11,948 shares. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly earnings of $2.10 per share, exceeding estimates of $2.05, while revenue of $6.12 billion fell short of the $6.35 billion consensus. The company also declared a quarterly dividend of $0.26 per share.
• Analysts maintain a generally positive outlook, with Newmont receiving a “Moderate Buy” consensus rating and an average price target of $132.59, though several firms recently lowered their targets. Recent insider activity was negative, with executives selling shares and no reported insider purchases.

Evolve Private Wealth LLC purchased a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,948 shares of the basic materials company's stock, valued at approximately $1,116,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in Newmont during the first quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new stake in Newmont in the 1st quarter valued at about $25,000. Clearstead Trust LLC bought a new position in shares of Newmont during the 2nd quarter valued at about $25,000. Kilter Group LLC acquired a new position in shares of Newmont in the 2nd quarter worth approximately $26,000. Finally, Swiss RE Ltd. acquired a new position in shares of Newmont in the 4th quarter worth approximately $26,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Performance

Shares of Newmont stock opened at $131.76 on Monday. 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 business has a fifty day simple moving average of $101.60 and a 200-day simple moving average of $108.93. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12 month low of $69.05 and a 12 month high of $134.88.

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

Newmont Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on NEM. Barclays cut their target price on shares of Newmont from $125.00 to $124.00 and set an "overweight" rating for the company in a research note on Tuesday, July 28th. BNP Paribas Exane dropped their price target on Newmont from $111.00 to $102.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. TD increased their price objective on Newmont from $127.00 to $133.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on Newmont from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Finally, National Bank Financial cut their target price on Newmont from $140.00 to $125.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and an average target price of $132.59.

Key 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 other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president owned 40,315 shares in the company, valued at $3,767,436.75. This represents a 6.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 on 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is owned by company 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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