Focus Partners Advisor Solutions LLC Buys Shares of 29,918 Newmont Corporation $NEM

Focus Partners Advisor Solutions LLC purchased a new position in Newmont Corporation (NYSE:NEM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,918 shares of the basic materials company's stock, valued at approximately $2,794,000.

A number of other large investors have also made changes to their positions in NEM. State of Wyoming acquired a new stake in shares of Newmont in the 2nd quarter worth $537,000. ABN AMRO Bank N.V. purchased a new position in Newmont during the 2nd quarter worth $31,189,000. Pacific Sage Partners LLC acquired a new position in Newmont during the 2nd quarter valued at about $283,000. One Wealth Advisors LLC acquired a new position in Newmont during the 2nd quarter valued at about $541,000. Finally, Clearstead Trust LLC purchased a new stake in Newmont in the second quarter valued at about $25,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: New Nevada earn-in agreement: Newmont signed an agreement with Headwater Gold to earn an interest in the Jupiter Project, a potential district-scale epithermal gold project in Nevada. The deal expands Newmont’s exploration pipeline and could provide additional future resource growth. Headwater Gold and Newmont sign earn-in agreement for Jupiter project
• Positive Sentiment: Gold-market support: Gold prices near record levels are improving the outlook for gold producers such as Newmont and have been a major factor behind the company’s recent rally. Newmont’s Nevada agreements, including the Jupiter earn-in and its Spring Peak joint venture, further support investor interest in future production growth. Is Newmont in the spotlight as gold sits near record highs?
• Positive Sentiment: Optimistic analyst outlook: TD Securities and Scotiabank reportedly expect further appreciation in Newmont’s stock. Recent analyst targets compiled in market commentary show a median target of approximately $145.50, above the current trading level, although targets remain sensitive to gold prices and operating execution. Newmont stock price expected to rise, TD analyst says
• Positive Sentiment: Unusual options activity: Traders purchased 47,733 NEM call options, roughly 119% above average call volume. This indicates heightened bullish positioning, though options activity can also reflect short-term speculation rather than a change in fundamentals.
• Neutral Sentiment: Valuation debate: One analysis estimates Newmont could be about 19% undervalued following its Nevada deals, while another notes that the recent rally may already reflect much of the benefit from higher gold prices. Newmont could be 19% undervalued following Nevada gold deals
• Negative Sentiment: Operating risks and profit-taking: Analysts continue to flag lower production, rising costs and potentially weaker estimates. Investors are also monitoring uncertainty surrounding Nevada Gold Mines, Barrick’s Fourmile project and the valuation of the joint venture.
• Negative Sentiment: Insider selling: Reported insider activity shows 15 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, though insider transactions do not necessarily indicate a change in the company’s outlook.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEM. Macquarie Infrastructure lowered their price target on Newmont from $133.00 to $123.00 and set an "outperform" rating for the company in a report on Monday, June 15th. BNP Paribas Exane cut their price objective on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Bank of America decreased their price objective on shares of Newmont from $157.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. UBS Group lowered their target price on shares of Newmont from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Finally, Barclays dropped their target price on shares of Newmont from $125.00 to $124.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 28th. Two research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $132.59.

Newmont Stock Up 3.2%

Newmont stock opened at $117.80 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The business's 50-day simple moving average is $98.93 and its two-hundred day simple moving average is $108.98. The company has a market cap of $124.12 billion, a PE ratio of 14.87, a PEG ratio of 1.31 and a beta of 0.47. Newmont Corporation has a fifty-two week low of $67.20 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating 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 business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same period in the prior year, the company earned $1.43 earnings per share. Equities analysts anticipate that Newmont Corporation will post 9 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, September 3rd. Newmont's dividend payout ratio is 13.13%.

Insider Buying and Selling

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction of $280,350.00. Following the sale, 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 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 quarter, insiders have sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is owned by company insiders.

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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