Newmont Corporation $NEM Shares Newly Acquired by Vima LLC

Key Points

• Vima LLC acquired 12,383 Newmont shares worth approximately $1.43 million, making Newmont its 21st-largest holding and about 1.5% of its portfolio. Institutional investors collectively own 68.85% of the company.
• Newmont reported strong quarterly results, with EPS of $2.20 beating estimates of $1.94 and revenue rising 15.2% year over year to $6.36 billion. The company also declared a quarterly dividend of $0.26 per share, equivalent to a 1.0% yield.
• Despite favorable earnings and a consensus “Moderate Buy” rating, shares were down 4.7%; analysts cited elevated costs, increased Red Chris expansion spending and mixed target-price revisions as potential concerns.

Vima LLC acquired a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,383 shares of the basic materials company's stock, valued at approximately $1,428,000. Newmont makes up approximately 1.5% of Vima LLC's investment portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in Newmont in the first quarter valued at approximately $25,000. Pinnacle Bancorp Inc. purchased a new stake in Newmont during the first quarter worth approximately $25,000. GoalVest Advisory LLC purchased a new stake in Newmont during the third quarter worth approximately $28,000. Clearstead Trust LLC purchased a new stake in Newmont during the second quarter worth approximately $25,000. Finally, Kilter Group LLC acquired a new stake in shares of Newmont in the second quarter worth $26,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Stock Down 4.7%

NYSE NEM opened at $108.72 on Friday. The stock has a market cap of $114.55 billion, a PE ratio of 12.64, a P/E/G ratio of 2.02 and a beta of 0.51. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The business has a 50 day moving average price of $121.86 and a two-hundred day moving average price of $110.99. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 30.02%. Newmont's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $1.71 earnings per share. As a group, sell-side analysts predict that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Newmont's dividend payout ratio is 12.09%.

Insider Activity

In related news, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the sale, the chief executive officer owned 135,235 shares of the company's stock, valued at $14,064,440. The trade was a 5.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares in the company, valued at $3,939,705.15. This represents a 8.04% decrease in their position. 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. Over the last three months, insiders sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by company insiders.

Key Headlines Impacting Newmont

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BNP Paribas Exane raised their target price on shares of Newmont from $102.00 to $112.00 and gave the company a "neutral" rating in a research note on Monday, August 17th. TD lifted their target price on shares of Newmont from $127.00 to $133.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. The Goldman Sachs Group decreased their price target on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Freedom Broker downgraded Newmont from a "buy" rating to a "hold" rating and lowered their price target for the company from $130.00 to $116.00 in a report on Thursday. Finally, Royal Bank Of Canada increased their price target on Newmont from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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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