Newmont Corporation $NEM Shares Newly Acquired by Rahlfs Capital LLC

Key Points

• Rahlfs Capital LLC acquired 26,860 Newmont shares worth approximately $3.1 million in the third quarter, making Newmont 1.8% of its portfolio. Institutional investors and hedge funds collectively own 68.85% of the company.
• Newmont’s third-quarter results exceeded expectations, with adjusted EPS of $2.20 and revenue of $6.36 billion, supported by higher gold prices and stronger copper production. The company also generated about $1.9 billion in free cash flow and declared a $0.26 quarterly dividend.
• Risks include a higher 2026 all-in sustaining cost outlook of approximately $1,520 per ounce, significant capital needs for the Red Chris expansion, and mixed analyst sentiment. Shares recently traded at $108.72, below the consensus analyst target of $137.25.

Rahlfs Capital LLC acquired a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,860 shares of the basic materials company's stock, valued at approximately $3,098,000. Newmont accounts for 1.8% of Rahlfs Capital LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont in the 1st quarter valued at approximately $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont during the 1st quarter worth approximately $25,000. Clearstead Trust LLC bought a new position in Newmont in the second quarter valued at approximately $25,000. Kilter Group LLC bought a new position in Newmont in the second quarter valued at approximately $26,000. Finally, GoalVest Advisory LLC bought a new position in Newmont in the third quarter valued at approximately $28,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

More 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

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $445,692.42. Following the completion of the transaction, the chief executive officer owned 127,471 shares of the company's stock, valued at $14,634,945.51. This represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares of the company's stock, valued at $3,939,705.15. This represents a 8.04% 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. Insiders have sold a total of 35,973 shares of company stock valued at $3,927,169 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Newmont Price Performance

NEM stock traded down $5.39 during trading on Friday, reaching $108.72. 7,847,217 shares of the company were exchanged, compared to its average volume of 5,404,123. The company has a market capitalization of $114.55 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The company has a 50-day moving average of $121.86 and a two-hundred day moving average of $110.99. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $1.71 earnings per share. As a group, equities analysts predict that Newmont Corporation will post 9.04 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 25th. Newmont's dividend payout ratio is presently 12.09%.

Analyst Upgrades and Downgrades

NEM has been the subject of several recent analyst reports. TD Securities upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. BMO Capital Markets lifted their price target on Newmont from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Tuesday, September 29th. Barclays lowered their price target on Newmont from $124.00 to $123.00 and set an "overweight" rating for the company in a report on Monday. Citigroup upped their price objective on Newmont from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Zacks Research lowered Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.25.

Newmont 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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