First Eagle Investment Management LLC Makes New Investment in Newmont Corporation $NEM

First Eagle Investment Management LLC purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,570,326 shares of the basic materials company's stock, valued at approximately $241,820,000. First Eagle Investment Management LLC owned 1.10% of Newmont as of its most recent filing with the SEC.

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

Insider Activity at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares in the company, valued at approximately $16,156,419. This trade represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Newmont stock in a transaction on Wednesday, August 5th. The stock was 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 approximately $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,091 shares of company stock valued at $3,414,187 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Newmont Stock Performance

NEM opened at $128.09 on Monday. Newmont Corporation has a 12 month low of $75.21 and a 12 month high of $135.29. The stock has a market capitalization of $134.97 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.80 and a beta of 0.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business has a fifty day moving average price of $107.18 and a 200 day moving average price of $109.61.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the prior year, the business earned $1.43 EPS. Sell-side analysts expect that Newmont Corporation will post 9.01 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, September 28th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont's dividend payout ratio is presently 13.13%.

Analyst Ratings Changes

Several research firms have weighed in on NEM. TD Securities raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, June 17th. National Bank Financial lowered their price objective on shares of Newmont from $140.00 to $125.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group dropped their price objective on shares of Newmont from $158.00 to $146.00 and set a "buy" rating for the company in a report on Monday, July 6th. Finally, Scotiabank upped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Newmont presently has an average rating of "Moderate Buy" and a consensus price target of $132.73.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently advanced as the U.S. dollar and Treasury yields eased, lifting gold-mining stocks. Newmont’s latest quarterly update also highlighted record free cash flow of approximately $2.2 billion, about 1.3 million attributable gold ounces, maintained 2026 production guidance and a declared $0.26-per-share dividend. Newmont stock analysis
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, while recent analyst targets generally imply additional upside. Newmont is also being presented as an income-producing gold hedge, supported by strong cash generation, low leverage and a roughly 0.8% dividend yield. Analyst outlook for Newmont
• Neutral Sentiment: Newmont’s $1.95 billion payment to Barrick finalized its Nevada Gold Mines joint-venture settlement, giving the company greater control of a major production base. The move may improve long-term operating flexibility but also represents a substantial capital outlay. Nevada Gold Mines agreement
• Negative Sentiment: CEO Natascha Viljoen sold 3,882 shares and EVP Peter Toth sold 3,000 shares at $123 per share. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but reported insider activity has consisted of sales and no purchases over the past six months. Newmont insider sales
• Negative Sentiment: Elevated Treasury yields remain a headwind for gold because they increase the opportunity cost of holding a non-yielding asset. Analysts also caution that mining costs, energy prices and interest-rate volatility could pressure margins and valuation multiples. Gold-mining sector outlook

Newmont Company 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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