Groupe la Francaise Buys 88,887 Shares of Newmont Corporation $NEM

Groupe la Francaise raised its stake in Newmont Corporation (NYSE:NEM - Free Report) by 19.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,747 shares of the basic materials company's stock after acquiring an additional 88,887 shares during the quarter. Groupe la Francaise owned about 0.05% of Newmont worth $50,260,000 as of its most recent filing with the Securities and Exchange Commission.

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

Newmont Stock Performance

Shares of NYSE NEM opened at $128.09 on Monday. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.80 and a beta of 0.52. Newmont Corporation has a twelve month low of $75.21 and a twelve month high of $135.29. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The company's fifty day moving average is $107.18 and its 200-day moving average is $109.61.

Newmont (NYSE:NEM - Get Free Report) last posted its 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. 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 company posted $1.43 earnings per share. Equities research analysts predict that Newmont Corporation will post 9.01 EPS for the current year.

Newmont Dividend Announcement

The firm 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 yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont's dividend payout ratio is presently 13.13%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group cut their price target on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Newmont in a research note on Monday, August 24th. Royal Bank Of Canada dropped their price target on shares of Newmont from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $170.00 price objective on shares of Newmont in a research note on Friday, August 14th. Finally, Argus set a $110.00 target price on shares of Newmont in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.73.

Insiders Place Their Bets

In related news, CFO Brian Tabolt sold 11,445 shares of the firm'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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business's 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 $4,589,745. This represents a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 32,091 shares of company stock worth $3,414,187. Company insiders own 0.06% of the company's stock.

More Newmont News

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

About Newmont

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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