Newmont Corporation $NEM Shares Newly Bought by IVC Wealth Advisors LLC

Key Points

• IVC Wealth Advisors acquired 12,468 Newmont shares worth approximately $1.44 million in the third quarter, while institutional investors collectively own 68.85% of the company.
• Newmont reported strong third-quarter results, with adjusted EPS of $2.20 beating estimates and revenue rising 15.2% year over year to $6.36 billion; free cash flow reached about $1.9 billion and the company declared a $0.26 quarterly dividend.
• Despite positive operating momentum and a potential 2027 production rebound, Newmont faces higher projected costs, substantial Red Chris expansion spending, and mixed analyst sentiment, including recent price-target cuts and a downgrade to hold.

IVC Wealth Advisors LLC purchased a new position in Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,468 shares of the basic materials company's stock, valued at approximately $1,438,000.

Several other institutional investors also recently modified their holdings of the business. Cedar Mountain Advisors LLC purchased a new position in Newmont during the 1st quarter valued at about $25,000. Pinnacle Bancorp Inc. purchased a new stake in Newmont in the first quarter worth about $25,000. GoalVest Advisory LLC purchased a new stake in Newmont in the third quarter worth about $28,000. Financial Management Professionals Inc. purchased a new stake in Newmont in the third quarter worth about $30,000. Finally, Clearstead Trust LLC bought a new position in shares of Newmont during the second quarter valued at approximately $25,000. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian Tabolt sold 11,445 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on 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 directly owned 34,315 shares in the company, valued at $3,939,705.15. This trade 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 sold a total of 35,973 shares of company stock worth $3,927,169 in the last three months. Insiders own 0.06% of the company's stock.

Newmont News Roundup

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 Stock Performance

Shares of Newmont stock opened at $108.72 on Monday. Newmont Corporation has a 1 year low of $76.05 and a 1 year high of $135.29. The firm's 50-day moving average is $121.86 and its 200 day moving average is $110.97. The stock has a market cap of $112.98 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. Newmont's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $1.71 EPS. Sell-side analysts anticipate that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors 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 annualized dividend and a dividend yield of 1.0%. Newmont's dividend payout ratio (DPR) is 12.09%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Newmont from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, September 29th. UBS Group cut their price target on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. The Goldman Sachs Group cut their price target on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Sanford C. Bernstein raised their price objective on Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. Finally, Weiss Ratings upgraded Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. Two research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $137.25.

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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