Newmont Corporation $NEM Shares Newly Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management acquired 33,685 Newmont shares worth approximately $3.9 million in the third quarter. Institutional investors and hedge funds collectively own 68.85% of Newmont.
• Newmont reported quarterly EPS of $2.20, beating estimates of $1.94, while revenue rose 15.2% year over year to $6.36 billion. The company also declared a quarterly dividend of $0.26 per share.
• Insiders sold roughly 35,973 shares worth $3.9 million over the past 90 days, while analyst sentiment remained broadly positive but mixed, with a consensus “Moderate Buy” rating and an average price target of $137.25.

Evergreen Capital Management LLC bought a new position in Newmont Corporation (NYSE:NEM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,685 shares of the basic materials company's stock, valued at approximately $3,885,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEM. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Newmont in the third quarter valued at $814,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Newmont during the second quarter worth about $36,180,000. Asset One Wealth Management LLC acquired a new stake in shares of Newmont in the 2nd quarter worth about $2,866,000. Private Advisory Group LLC bought a new position in Newmont in the 2nd quarter worth approximately $10,430,000. Finally, Commerce Bank acquired a new position in shares of Newmont during the second quarter valued at $3,418,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the transaction, the chief executive officer directly owned 127,471 shares in the company, valued at $14,634,945.51. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the business's stock in a transaction dated 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 transaction, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 35,973 shares of company stock valued at $3,927,169. 0.06% of the stock is owned by insiders.

Newmont Price Performance

NYSE NEM opened at $108.72 on Monday. The stock has a market capitalization of $112.98 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Newmont Corporation has a 12-month low of $76.05 and a 12-month high of $135.29. The company has a 50 day moving average price of $121.86 and a two-hundred day moving average price of $110.97. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company earned $1.71 earnings per share. The business's revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts predict that Newmont Corporation will post 9.07 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, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Newmont's payout ratio is currently 12.09%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NEM shares. Freedom Broker downgraded shares of Newmont from a "buy" rating to a "hold" rating and dropped their price target for the stock from $130.00 to $116.00 in a research report on Thursday. Weiss Ratings raised shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. BNP Paribas Exane lifted their price target on shares of Newmont from $102.00 to $112.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Canaccord Genuity Group decreased their price target on Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group dropped their target price on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $137.25.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Newmont Company Profile

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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