Newmont Corporation $NEM Shares Newly Purchased by Strategic Planning Group LLC

Key Points

• Strategic Planning Group LLC initiated a Newmont position by purchasing 88,982 shares worth approximately $10.3 million. Institutional investors and hedge funds collectively own 68.85% of Newmont’s outstanding stock.
• Newmont reported strong third-quarter results, with adjusted EPS of $2.20 and revenue of $6.36 billion, both ahead of analyst expectations. Profit and revenue benefited from higher gold prices, stronger sales volumes, and improved performance at the Cadia operation.
• The outlook remains mixed: management reaffirmed its 2026 production guidance and analysts maintain a “Moderate Buy” consensus, but higher cost projections and several reduced price targets remain concerns. Newmont also declared a quarterly dividend of $0.26 per share.

Strategic Planning Group LLC bought a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 88,982 shares of the basic materials company's stock, valued at approximately $10,263,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. Blue Trust Inc. grew its stake in Newmont by 0.6% during the first quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company's stock worth $1,861,000 after buying an additional 100 shares during the period. Accel Wealth Management raised its stake in shares of Newmont by 0.8% in the 2nd quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company's stock valued at $1,377,000 after acquiring an additional 115 shares during the period. Compound Planning Inc. raised its stake in shares of Newmont by 0.6% in the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company's stock valued at $2,294,000 after acquiring an additional 121 shares during the period. Zhang Financial LLC raised its stake in shares of Newmont by 0.8% in the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company's stock valued at $1,707,000 after acquiring an additional 124 shares during the period. Finally, Heartland Bank & Trust Co lifted its holdings in shares of Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company's stock valued at $469,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 68.85% 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 $1.96 consensus estimate, while revenue of $6.36 billion exceeded expectations of $6.26 billion. The company benefited from higher gold prices and stronger sales volumes. Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery
• Positive Sentiment: Net profit rose to approximately $2.48 billion from $1.83 billion a year earlier. The results were supported by elevated gold prices, improved gold sales and recovery at the Cadia operation, reinforcing the company’s operating leverage to bullion prices. Newmont Logs Higher Profit, Revenue on Higher Gold Sales
• Positive Sentiment: Management said Newmont remains on track to achieve full-year 2026 production guidance and described the quarter as record-setting for adjusted net income. Investors also responded favorably to expectations that the company could return to growth in 2027. Newmont Reports Third Quarter 2026 Results
• Positive Sentiment: RBC Dominion Securities raised its view to “outperform” with a $155 price target, implying substantial upside from recent trading levels. Newmont also declared a quarterly dividend of approximately $0.26 per share. RBC Dominion Securities Newmont rating
• Neutral Sentiment: Newmont filed its September-quarter Form 10-Q, providing the detailed financial disclosures behind the earnings release. The dividend declaration and updated payment terms were also reported for the company’s CDI holders. Newmont Files September Quarter Form 10-Q
• Negative Sentiment: Higher costs remain a concern. Coverage noted that Newmont raised its 2026 cost outlook, which could limit the benefit of strong gold prices and reduce confidence in margins. Newmont beats third-quarter earnings expectations
• Negative Sentiment: Analyst sentiment was mixed: Freedom Broker maintained a “hold” rating but cut its target to $116 from $130, while National Bank Financial also lowered expectations. These cautious revisions likely tempered the positive reaction to the earnings beat.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business'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 transaction, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the transaction, the chief executive officer owned 135,235 shares in the company, valued at approximately $14,064,440. This trade represents a 5.43% 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. Insiders sold a total of 35,973 shares of company stock valued at $3,927,169 in the last ninety days. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

NEM has been the subject of a number of research reports. Bank of America decreased their price target on shares of Newmont from $157.00 to $132.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $154.00 price target on Newmont in a report on Friday, October 16th. Freedom Broker reissued a "hold" rating and issued a $116.00 price objective (down from $130.00) on shares of Newmont in a research report on Thursday. TD boosted their price objective on Newmont from $127.00 to $133.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Finally, National Bank Financial reduced their price objective on Newmont from $140.00 to $135.00 and set a "sector perform" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus target price of $134.06.

Newmont Stock Down 3.0%

Shares of NYSE:NEM opened at $113.63 on Friday. 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 Corporation has a 52-week low of $76.05 and a 52-week high of $135.29. The company has a 50 day moving average of $122.05 and a two-hundred day moving average of $111.00. The company has a market capitalization of $119.73 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.27 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. As a group, analysts forecast that Newmont Corporation will post 9.04 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont's dividend payout ratio is presently 13.13%.

Newmont Company 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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