Newmont Corporation $NEM Shares Newly Purchased by Center For Asset Management LLC

Key Points

• Center For Asset Management LLC acquired 14,163 Newmont shares in the third quarter, valued at approximately $1.63 million. Several other institutional investors also initiated positions, and institutions collectively own 68.85% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $133.50. Recent firms maintained or upgraded buy/outperform ratings, although some lowered their price targets.
• Newmont’s near-term outlook is tied to gold prices and its upcoming earnings report: stronger gold prices and easing yields could support revenue and margins, while weaker production and higher costs pose risks. Insider selling, including transactions by senior executives, may also weigh on sentiment.

Center For Asset Management 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 firm acquired 14,163 shares of the basic materials company's stock, valued at approximately $1,633,000.

Several other hedge funds also recently bought and sold shares of NEM. Robertson Stephens Wealth Management LLC bought a new stake in Newmont during the 3rd quarter worth approximately $2,152,000. Lee Financial Co purchased a new stake in Newmont in the 3rd quarter worth approximately $4,099,000. Frank Rimerman Advisors LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $962,000. Encompass More Asset Management bought a new position in Newmont in the 3rd quarter valued at $232,000. Finally, Bay Capital Advisors LLC bought a new position in Newmont in the 3rd quarter valued at $693,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NEM. Argus set a $110.00 price target on shares of Newmont in a research report on Monday, August 3rd. Weiss Ratings upgraded Newmont from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 2nd. The Goldman Sachs Group lowered their price objective on Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group dropped their price objective on Newmont from $158.00 to $146.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Finally, BMO Capital Markets boosted their target price on Newmont from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.50.

Newmont News Roundup

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.

Newmont Price Performance

Shares of NYSE:NEM opened at $118.40 on Friday. The company's fifty day moving average price is $122.06 and its 200-day moving average price is $110.84. The firm has a market capitalization of $124.76 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.20 and a beta of 0.51. Newmont Corporation has a one year low of $76.05 and a one year high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same period in the previous year, the firm posted $1.43 EPS. On average, equities research analysts anticipate that Newmont Corporation will post 9.05 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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

Insider Buying and Selling at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the sale, the chief executive officer owned 127,471 shares of the company's stock, valued at $14,634,945.51. The trade was a 2.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was 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 owned 29,324 shares of the company's stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,973 shares of company stock worth $3,927,169 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

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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