Osmosis Investment Management UK Ltd bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,219 shares of the basic materials company's stock, valued at approximately $3,009,000.
Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in Newmont by 1.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company's stock worth $714,000 after purchasing an additional 96 shares during the last quarter. Coston McIsaac & Partners increased its position in shares of Newmont by 28.6% during 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 during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Newmont by 6.5% during 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 buying an additional 100 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Newmont by 0.6% during the 1st quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company's stock valued at $1,861,000 after buying an additional 100 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in Newmont by 4.2% in the 4th quarter. Townsquare Capital LLC now owns 2,523 shares of the basic materials company's stock worth $252,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.
Newmont Price Performance
NEM opened at $131.76 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The stock's 50 day simple moving average is $101.60 and its 200 day simple moving average is $108.93. The firm has a market cap of $138.83 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.36 and a beta of 0.47. Newmont Corporation has a 1 year low of $69.05 and a 1 year high of $134.88.
Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share 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 the consensus estimate 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 previous year, the company 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont's payout ratio is presently 13.13%.
Analyst Ratings Changes
A number of brokerages have commented on NEM. TD Securities upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Macquarie Infrastructure lowered their price objective on shares of Newmont from $133.00 to $123.00 and set an "outperform" rating for the company in a report on Monday, June 15th. UBS Group cut their price objective on shares of Newmont from $140.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. National Bank Financial decreased their target price 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, Citigroup lowered their price target on shares of Newmont from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.59.
Check Out Our Latest Report on Newmont
Insider Buying and Selling
In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company's stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the transaction, the chief executive officer owned 135,235 shares in the company, valued at $14,064,440. The trade was a 5.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,091 shares of company stock valued at $3,292,513 over the last three months. 0.06% of the stock is owned by company insiders.
Newmont News Summary
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.
About Newmont
(
Free Report)
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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