Newmont Corporation $NEM Shares Newly Bought by IFP Advisors Inc

Key Points

• IFP Advisors initiated a position in Newmont during the third quarter, purchasing 56,036 shares valued at approximately $6.46 million. Other institutional investors also added stakes, with institutions collectively owning 68.85% of the company.
• Newmont’s outlook is supported by stronger gold prices, easing yields and improved analyst sentiment, with the stock carrying a “Moderate Buy” consensus rating and a $133.50 average price target.
• Third-quarter earnings on October 22 are a key catalyst: higher gold prices and solid cash generation could help results, although weaker production, higher costs and recent insider selling present risks.

IFP Advisors Inc bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,036 shares of the basic materials company's stock, valued at approximately $6,463,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NEM. Founders Grove Wealth Partners LLC purchased a new stake in shares of Newmont in the 3rd quarter valued at $356,000. Center For Asset Management LLC bought a new position in shares of Newmont during the 3rd quarter valued at $1,633,000. Robertson Stephens Wealth Management LLC purchased a new position in Newmont in the 3rd quarter worth $2,152,000. Lee Financial Co purchased a new position in Newmont in the 3rd quarter worth $4,099,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Newmont in the third quarter worth $962,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently rose more than 1% as the U.S. dollar weakened and Treasury yields eased, improving the outlook for gold miners’ revenue and margins. Newmont is also benefiting from strong prior-quarter free cash flow, share repurchases and its ability to remain on track with 2026 guidance. Newmont rises as gold strengthens and investors look ahead to earnings
• Positive Sentiment: Analyst sentiment has improved. Bernstein raised its Newmont price target to $150 from $144, while the broader consensus target was reported at CHF 121.57, up 10.84%. Jefferies also reaffirmed a Buy rating, reinforcing expectations for further upside if gold remains strong. Bernstein Adjusts Price Target on Newmont Newmont consensus price target raised
• Positive Sentiment: Investors are positioning ahead of Newmont’s October 22 third-quarter earnings release. Wall Street expects earnings growth, helped by higher gold prices and potentially improved margins, while the company’s previous quarter showed strong cash generation and production execution. Newmont Corporation reports next week
• Neutral Sentiment: Newmont completed the sale of its Northumberland asset. The transaction may simplify the portfolio and support capital allocation, but the immediate earnings impact was not specified. Newmont completes Northumberland sale
• Negative Sentiment: Earnings expectations are mixed: higher gold prices could be offset by weaker production and higher costs, making the October 22 report a key near-term catalyst and volatility risk. NEM to Report Q3 Earnings
• Negative Sentiment: Insider-trading data shows 13 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, although insider transactions do not necessarily reflect company fundamentals.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the firm'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 $344,430.00. Following the sale, the executive vice president directly owned 34,315 shares of the company's stock, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. 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 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 owned 29,324 shares in the company, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 35,973 shares of company stock worth $3,927,169. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings upgraded shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Scotiabank lifted their price objective on Newmont from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Bank of America decreased their price objective on Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. UBS Group lowered their target price on Newmont from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada increased their target price 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 issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.50.

Newmont Trading Down 0.2%

Shares of NEM opened at $118.40 on Monday. The stock has a market capitalization of $124.76 billion, a P/E ratio of 14.95, a PEG ratio of 2.20 and a beta of 0.51. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $122.06 and a two-hundred day simple moving average of $110.89. 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 released its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.35 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. On average, research analysts anticipate that Newmont Corporation will post 9.05 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 3rd. Newmont's dividend payout ratio is currently 13.13%.

About Newmont

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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