Newmont Corporation $NEM Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Newmont stake by 314.9% in the second quarter, acquiring 838,844 additional shares and bringing its holdings to 1.1 million shares worth approximately $103.2 million. Institutional investors collectively own 68.85% of Newmont.
• Newmont reported quarterly earnings of $2.10 per share, exceeding estimates by $0.05, although revenue of $6.12 billion fell short of expectations. The company also declared a quarterly dividend of $0.26 per share, equivalent to a 0.9% annualized yield.
• The stock was trading at $113.03, while analysts maintained a “Moderate Buy” consensus and an average price target of $132.11. However, several firms recently lowered their price targets, and executives—including the CEO and CFO—sold shares, mostly under pre-arranged trading plans.

Assenagon Asset Management S.A. boosted its stake in Newmont Corporation (NYSE:NEM - Free Report) by 314.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,105,187 shares of the basic materials company's stock after buying an additional 838,844 shares during the period. Assenagon Asset Management S.A. owned approximately 0.10% of Newmont worth $103,224,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NEM. Norges Bank acquired a new position in shares of Newmont in the fourth quarter valued at approximately $1,443,128,000. Van ECK Associates Corp lifted its holdings in Newmont by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company's stock worth $2,973,539,000 after buying an additional 5,643,496 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Newmont by 110.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company's stock valued at $873,011,000 after buying an additional 4,588,018 shares during the period. AQR Capital Management LLC grew its stake in shares of Newmont by 82.5% in the fourth quarter. AQR Capital Management LLC now owns 7,402,278 shares of the basic materials company's stock worth $739,117,000 after acquiring an additional 3,345,543 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Newmont by 398.3% in the fourth quarter. Assetmark Inc. now owns 2,870,495 shares of the basic materials company's stock worth $286,619,000 after acquiring an additional 2,294,396 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Trading Up 7.2%

NYSE NEM opened at $113.03 on Friday. The firm's fifty day moving average is $97.92 and its two-hundred day moving average is $109.08. Newmont Corporation has a one year low of $67.11 and a one year high of $134.88. 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 firm has a market cap of $119.09 billion, a PE ratio of 14.27, a P/E/G ratio of 1.17 and a beta of 0.47.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS 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 during the quarter, compared to the consensus estimate of $6.35 billion. During the same period in the prior year, the business earned $1.43 EPS. Analysts expect that Newmont Corporation will post 9.06 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders 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 0.9%. Newmont's payout ratio is presently 13.13%.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold's Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

Insider Transactions at Newmont

In other Newmont news, 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 value of $1,202,755.05. Following the transaction, the chief financial officer directly owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction of $807,456.00. Following the transaction, the chief executive officer owned 135,235 shares in the company, valued at approximately $14,064,440. This trade represents a 5.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,091 shares of company stock worth $3,292,513 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NEM shares. Scotiabank reduced their price objective on Newmont from $151.00 to $147.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, July 14th. Jefferies Financial Group lowered their target price on Newmont from $158.00 to $146.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Weiss Ratings downgraded Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 17th. Bank of America reduced their price target on Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded Newmont from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.11.

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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