First Eagle Investment Management LLC Sells 452,042 Shares of Newmont Corporation $NEM

Key Points

• First Eagle Investment Management reduced its Newmont position by 3.8%, selling 452,042 shares in the second quarter. The firm still held 11.57 million shares, valued at approximately $1.08 billion, while institutional investors collectively owned 68.85% of the stock.
• Newmont reported quarterly EPS of $2.10, exceeding estimates of $2.05, although revenue of $6.12 billion fell short of expectations. The company declared a quarterly dividend of $0.26 per share, representing a 0.8% annualized yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $132.73. However, company insiders sold shares during the quarter, and higher Treasury yields, mining costs and energy prices remain potential headwinds.

First Eagle Investment Management LLC decreased its position in Newmont Corporation (NYSE:NEM - Free Report) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,570,326 shares of the basic materials company's stock after selling 452,042 shares during the period. First Eagle Investment Management LLC owned 1.10% of Newmont worth $1,080,668,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEM. Parkside Financial Bank & Trust lifted its holdings in shares of Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company's stock worth $714,000 after buying an additional 96 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Newmont by 6.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,647 shares of the basic materials company's stock valued at $164,000 after buying an additional 100 shares during the period. Blue Trust Inc. raised its holdings in shares of Newmont by 0.6% in the first quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company's stock valued at $1,861,000 after acquiring an additional 100 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Newmont by 4.2% in the fourth quarter. Townsquare Capital LLC now owns 2,523 shares of the basic materials company's stock valued at $252,000 after acquiring an additional 102 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Newmont by 6.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,832 shares of the basic materials company's stock worth $183,000 after acquiring an additional 107 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total transaction of $369,000.00. Following the completion of the sale, the executive vice president directly owned 37,315 shares in the company, valued at approximately $4,589,745. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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 in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,091 shares of company stock valued at $3,414,187. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NEM shares. TD increased their target price on shares of Newmont from $127.00 to $133.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Canaccord Genuity Group cut their price objective on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Scotiabank boosted their price objective 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. Finally, National Bank Financial lowered their target price on Newmont from $140.00 to $125.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Two equities research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $132.73.

Newmont Price Performance

Shares of NEM stock opened at $128.09 on Monday. The stock's fifty day moving average price is $107.18 and its 200 day moving average price is $109.61. Newmont Corporation has a 1-year low of $75.21 and a 1-year high of $135.29. The company has a market cap of $134.97 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth 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.

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

Newmont Dividend Announcement

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

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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