Point Nemo Capital LLC Acquires 13,048 Shares of Newmont Corporation $NEM

Key Points

• Point Nemo Capital acquired 13,048 Newmont shares in the third quarter, valued at approximately $1.505 million. Institutional investors and hedge funds own 68.85% of the company’s stock.
• Newmont beat quarterly earnings and revenue expectations, reporting EPS of $2.20 and revenue of $6.36 billion; revenue rose 15.2% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $137.20. Newmont also announced a quarterly dividend of $0.26 per share.

Point Nemo Capital LLC acquired a new position in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,048 shares of the basic materials company's stock, valued at approximately $1,505,000.

Several other hedge funds have also recently bought and sold shares of NEM. Cedar Mountain Advisors LLC bought a new position in Newmont during the first quarter valued at about $25,000. GoalVest Advisory LLC bought a new stake in shares of Newmont during the 3rd quarter worth about $28,000. Financial Management Professionals Inc. bought a new stake in shares of Newmont during the 3rd quarter worth about $30,000. Clearstead Trust LLC bought a new stake in shares of Newmont during the 2nd quarter worth about $25,000. Finally, Signature Equity Partners LLC acquired a new position in shares of Newmont during the 3rd quarter valued at about $32,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Freedom Broker downgraded Newmont from a "buy" rating to a "hold" rating and cut their price objective for the company from $130.00 to $116.00 in a research note on Thursday, October 22nd. Barclays reduced their target price on Newmont from $124.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, October 19th. The Goldman Sachs Group decreased their target price on Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Jefferies Financial Group increased their price target on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Finally, Zacks Research lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Newmont presently has a consensus rating of "Moderate Buy" and an average target price of $137.20.

Newmont Price Performance

NYSE:NEM opened at $120.82 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The company has a fifty day moving average price of $118.87 and a 200 day moving average price of $112.48. The stock has a market cap of $125.55 billion, a P/E ratio of 14.05, a PEG ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business posted $1.71 EPS. The business's quarterly revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont's dividend payout ratio is currently 12.09%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the transaction, the chief executive officer directly owned 101,691 shares of the company's stock, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by corporate insiders.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

About Newmont

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