Northwestern Mutual Wealth Management Co. Makes New Investment in Newmont Corporation $NEM

Key Points

• Northwestern Mutual Wealth Management Co. acquired 387,365 Newmont shares in the second quarter, valued at approximately $36.2 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported strong quarterly results, with EPS of $2.10 exceeding the $2.05 consensus, while gold prices reached record levels and supported investor sentiment. Analysts maintain a “Moderate Buy” consensus with an average price target of $132.59.
• Insiders have continued selling shares: executives sold 32,091 shares worth about $3.29 million over the past 90 days, with insiders owning just 0.06% of the stock.

Northwestern Mutual Wealth Management Co. bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 387,365 shares of the basic materials company's stock, valued at approximately $36,180,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in Newmont by 1.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company's stock worth $714,000 after acquiring an additional 96 shares during the period. Coston McIsaac & Partners raised its holdings in shares of Newmont by 28.6% in the 4th quarter. Coston McIsaac & Partners now owns 450 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Newmont by 6.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,647 shares of the basic materials company's stock valued at $164,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Newmont by 0.6% in the 1st quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company's stock worth $1,861,000 after purchasing an additional 100 shares during the period. Finally, Townsquare Capital LLC boosted its stake in shares of Newmont by 4.2% during the fourth quarter. Townsquare Capital LLC now owns 2,523 shares of the basic materials company's stock valued at $252,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold reached record levels. Spot gold traded above $4,500 an ounce and was on track for a third consecutive weekly gain. A softer U.S. dollar, bond-market volatility and inflation concerns increased demand for gold as a safe-haven asset, improving the potential revenue and cash-flow outlook for Newmont. Why Is Newmont Stock Surging Friday?
• Positive Sentiment: Strong operating performance and capital returns supported sentiment. Newmont reported record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion, remains on track to produce 5.3 million attributable gold ounces in 2026, and has returned approximately $1.9 billion through dividends and share repurchases since its prior earnings report.
• Positive Sentiment: Scotiabank raised its earnings forecast. The firm increased its FY2026 EPS estimate to $8.96 from $8.83, maintained an “Outperform” rating and set a $149 price target. The median target among 10 analysts is reported at $145.50, suggesting analysts generally see additional upside.
• Neutral Sentiment: Newmont appointed Peter Beaven as an independent director. Effective September 1, Beaven is expected to join the Audit Committee, adding finance and global mining experience. The appointment is strategically supportive but is unlikely to materially change near-term earnings. Newmont Appoints Peter Beaven to Board of Directors
• Neutral Sentiment: Newmont agreed to sell a Nevada gold project to StrikePoint for $70 million. The transaction may help streamline the portfolio and monetize a noncore asset, although the immediate earnings impact was not provided. StrikePoint to Buy Nevada Gold Project from Newmont
• Negative Sentiment: Reported insider trading was a potential cautionary signal. Company insiders recorded 15 open-market sales and no purchases during the past six months, though such transactions may reflect compensation or personal financial planning rather than a view on Newmont’s business.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Royal Bank Of Canada reduced their price objective on shares of Newmont from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. UBS Group cut their price target on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Zacks Research lowered Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $170.00 price objective on Newmont in a research note on Friday, August 14th. Finally, TD lifted their target price on Newmont from $127.00 to $133.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.59.

Insider Buying and Selling at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction of $280,350.00. Following the completion of the transaction, the executive vice president directly owned 40,315 shares of the company's stock, valued at $3,767,436.75. The trade was a 6.93% decrease in their ownership of the stock. 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 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is owned by insiders.

Newmont Price Performance

NYSE NEM opened at $131.76 on Friday. The firm's fifty day simple moving average is $101.60 and its two-hundred day simple moving average is $108.96. The firm has a market capitalization of $138.83 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.36 and a beta of 0.47. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12-month low of $69.05 and a 12-month high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the prior year, the business posted $1.43 EPS. Analysts forecast that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Newmont's dividend payout ratio (DPR) is 13.13%.

Newmont Profile

Newmont Corporation NYSE: NEM is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.

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