Proficio Capital Partners LLC Acquires Shares of 12,719 Newmont Corporation $NEM

Key Points

• Proficio Capital Partners initiated a Newmont position by purchasing 12,719 shares valued at approximately $266,000. Institutional investors collectively own 68.85% of Newmont.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $132.73, although some firms recently lowered their targets or downgraded the stock.
• Newmont reported quarterly EPS of $2.10, exceeding estimates, and declared a $0.26 quarterly dividend. Insider selling has continued, though recent transactions were conducted under pre-arranged Rule 10b5-1 plans.

Proficio Capital Partners LLC bought a new position in Newmont Corporation (NYSE:NEM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,719 shares of the basic materials company's stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also made changes to their positions in NEM. Leonteq Securities AG bought a new stake in Newmont during the 4th quarter valued at $9,018,000. ARS Investment Partners LLC lifted its stake in Newmont by 3.6% in the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company's stock worth $69,602,000 after acquiring an additional 23,900 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Newmont during the 2nd quarter worth about $36,180,000. Asset One Wealth Management LLC purchased a new position in Newmont during the 2nd quarter valued at about $2,866,000. Finally, Private Advisory Group LLC bought a new stake in shares of Newmont in the 2nd quarter valued at about $10,430,000. 68.85% of the stock is currently owned by institutional investors.

More 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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEM. Raymond James Financial reiterated an "outperform" rating and set a $140.00 price objective on shares of Newmont in a research note on Monday, August 24th. Barclays lowered their target price on Newmont from $125.00 to $124.00 and set an "overweight" rating for the company in a report on Tuesday, July 28th. Zacks Research lowered Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings cut Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, June 17th. Finally, Canaccord Genuity Group dropped their price objective on Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Two 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $132.73.

Newmont Price Performance

Shares of NYSE NEM opened at $128.09 on Friday. The company has a market cap of $134.97 billion, a PE ratio of 16.17, a P/E/G ratio of 1.84 and a beta of 0.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The business has a 50-day simple moving average of $107.18 and a two-hundred day simple moving average of $109.72. Newmont Corporation has a fifty-two week low of $75.21 and a fifty-two week high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate 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 firm earned $1.43 EPS. As a group, equities analysts expect that Newmont Corporation will post 9.01 EPS for the current fiscal 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 given 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 dividend payout ratio is presently 13.13%.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of the firm'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 $369,000.00. Following the completion of the transaction, the executive vice president directly owned 37,315 shares in the company, valued at $4,589,745. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the sale, the chief executive officer directly owned 135,235 shares of the company's stock, valued at $14,064,440. This trade represents a 5.43% decrease in their position. 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. Insiders sold 32,091 shares of company stock worth $3,414,187 in the last 90 days. Insiders own 0.06% of the company's stock.

About Newmont

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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