Newmont Corporation $NEM Shares Newly Bought by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services opened a sizable Newmont position, buying 258,140 shares worth about $29.8 million in the third quarter. Institutional investors and hedge funds own 68.85% of the stock.
• Newmont’s latest quarterly results beat expectations, with EPS of $2.20 versus a $1.94 estimate and revenue up 15.2% year over year to $6.36 billion.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $137.20. Company insiders sold 20,646 shares worth about $2.38 million over the past 90 days.

Commonwealth Equity Services LLC acquired a new stake in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 258,140 shares of the basic materials company's stock, valued at approximately $29,774,000.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Newmont during the 2nd quarter worth $11,289,753,000. State Street Corp increased its position in shares of Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company's stock worth $4,893,852,000 after purchasing an additional 1,565,716 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Newmont in the 2nd quarter valued at about $671,197,000. Bank of New York Mellon Corp purchased a new stake in Newmont in the 2nd quarter valued at about $1,219,505,000. Finally, First Eagle Investment Management LLC purchased a new stake in Newmont in the 2nd quarter valued at about $241,820,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on NEM shares. Zacks Research cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Canaccord Genuity Group dropped their price target on shares of Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, July 23rd. TD boosted their price target on shares of Newmont from $127.00 to $133.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Newmont from $135.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and an average target price of $137.20.

Insider Activity

In other news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company's stock, valued at approximately $16,156,419. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the transaction, the executive vice president directly owned 31,315 shares of the company's stock, valued at approximately $3,383,272.60. The trade was a 8.74% 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 ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

Newmont Trading Down 0.1%

NEM opened at $120.82 on Monday. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $118.87 and a 200-day simple moving average of $112.48. The firm has a market cap of $125.55 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM - Get Free Report) last posted 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. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business earned $1.71 EPS. The company's quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

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 $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont's payout ratio is currently 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Profile

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