Nykredit A S Makes New Investment in Newmont Corporation $NEM

Key Points

• Nykredit A/S initiated a position in Newmont during the second quarter, purchasing 449,724 shares valued at approximately $9.4 million. Institutional investors collectively own 68.85% of the company.
• Newmont reported quarterly EPS of $2.10, exceeding estimates of $2.05, though revenue of $6.12 billion fell short of expectations. The company declared a quarterly dividend of $0.26 per share, equivalent to a 0.8% annual yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $132.73, while recent insider activity has consisted of sales by the CFO and CEO.

Nykredit A S bought a new position in shares of Newmont Corporation (NYSE:NEM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 449,724 shares of the basic materials company's stock, valued at approximately $9,399,000.

A number of other institutional investors also recently modified their holdings of 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 acquired a new position in Newmont during the second quarter valued at approximately $671,197,000. Norges Bank acquired a new position in Newmont during 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 position in shares of Newmont during the 2nd quarter worth approximately $911,180,000. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction on 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 transaction, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company's stock, valued at approximately $16,156,419. This represents a 2.87% 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. In the last quarter, insiders have sold 32,091 shares of company stock valued at $3,414,187. 0.06% of the stock is currently owned by corporate insiders.

Newmont Trading Down 1.8%

Shares of NEM stock opened at $128.09 on Friday. The firm has a 50 day moving average price of $107.18 and a two-hundred day moving average price of $109.72. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $134.97 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.52. Newmont Corporation has a 12-month low of $75.21 and a 12-month high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.05. The company had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same quarter in the previous year, the business posted $1.43 earnings per share. As a group, analysts predict that Newmont Corporation will post 9.01 earnings per share for the current year.

Newmont Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NEM shares. Weiss Ratings downgraded shares of Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 17th. Zacks Research downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their price objective on shares of Newmont from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Barclays cut their target price on shares of Newmont from $125.00 to $124.00 and set an "overweight" rating for the company in a research note on Tuesday, July 28th. Finally, Argus set a $110.00 price target on Newmont in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $132.73.

Key Newmont News

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

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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