Nwam LLC Purchases New Stake in Newmont Corporation $NEM

Key Points

• Nwam LLC acquired 12,052 Newmont shares during the second quarter, valued at approximately $252,000. Institutional investors collectively own 68.85% of the company, with major new positions from BlackRock, VanECK, Norges Bank, Bank of New York Mellon and Deutsche Bank.
• Newmont reported quarterly EPS of $2.10, exceeding the $2.05 consensus estimate, while revenue reached $6.12 billion. The company declared a quarterly dividend of $0.26 per share, equivalent to a 0.8% annualized yield.
• Insiders have reported only sales recently, including transactions by the CFO and CEO, although some were made under pre-arranged Rule 10b5-1 plans. Analysts maintain a generally positive outlook, with Newmont holding a “Moderate Buy” consensus rating and an average price target of $132.73.

Nwam LLC acquired a new position in Newmont Corporation (NYSE:NEM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,052 shares of the basic materials company's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. BlackRock Inc. bought a new position in shares of Newmont in the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp bought a new stake in shares of Newmont during the second quarter worth approximately $671,197,000. Norges Bank acquired a new position in Newmont in the fourth quarter valued at approximately $1,443,128,000. Bank of New York Mellon Corp bought a new position in Newmont in the second quarter valued at approximately $1,219,505,000. Finally, Deutsche Bank AG acquired a new stake in Newmont during the 2nd quarter worth $911,180,000. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of the business'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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the transaction, the chief executive officer directly owned 131,353 shares of the company's stock, valued at $16,156,419. This represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,091 shares of company stock valued at $3,414,187 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently advanced as the U.S. dollar and Treasury yields eased, lifting gold-mining stocks. Newmont’s latest quarterly update also highlighted record free cash flow of approximately $2.2 billion, about 1.3 million attributable gold ounces, maintained 2026 production guidance and a declared $0.26-per-share dividend. Newmont stock analysis
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, while recent analyst targets generally imply additional upside. Newmont is also being presented as an income-producing gold hedge, supported by strong cash generation, low leverage and a roughly 0.8% dividend yield. Analyst outlook for Newmont
• Neutral Sentiment: Newmont’s $1.95 billion payment to Barrick finalized its Nevada Gold Mines joint-venture settlement, giving the company greater control of a major production base. The move may improve long-term operating flexibility but also represents a substantial capital outlay. Nevada Gold Mines agreement
• Negative Sentiment: CEO Natascha Viljoen sold 3,882 shares and EVP Peter Toth sold 3,000 shares at $123 per share. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but reported insider activity has consisted of sales and no purchases over the past six months. Newmont insider sales
• Negative Sentiment: Elevated Treasury yields remain a headwind for gold because they increase the opportunity cost of holding a non-yielding asset. Analysts also caution that mining costs, energy prices and interest-rate volatility could pressure margins and valuation multiples. Gold-mining sector outlook

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce set a $170.00 price target on Newmont in a research note on Friday, August 14th. The Goldman Sachs Group cut their target price on Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Argus set a $110.00 target price on Newmont in a research report on Monday, August 3rd. National Bank Financial cut their price target on shares of Newmont from $140.00 to $125.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned 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 price target of $132.73.

Newmont Stock Performance

Shares of NEM stock opened at $128.09 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. Newmont Corporation has a 52 week low of $75.21 and a 52 week high of $135.29. The company's 50 day moving average price is $107.18 and its two-hundred day moving average price is $109.72. The company has a market capitalization of $134.97 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.84 and a beta of 0.52.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $1.43 earnings per share. On average, analysts expect that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Announces Dividend

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