Royal Fund Management LLC Makes New Investment in Newmont Corporation $NEM

Key Points

• Royal Fund Management acquired 69,511 Newmont shares worth approximately $8.0 million during the third quarter. Institutional investors collectively own 68.85% of the company.
• Newmont reported strong third-quarter results, with adjusted EPS of $2.20 and revenue of $6.36 billion, both exceeding analyst expectations; revenue increased 15.2% year over year.
• The company declared a quarterly dividend of $0.26 per share, while analyst sentiment remains generally positive with a “Moderate Buy” consensus, despite concerns about higher costs and several reduced price targets.

Royal Fund Management LLC acquired a new position in Newmont Corporation (NYSE:NEM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,511 shares of the basic materials company's stock, valued at approximately $8,017,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Newmont during the 2nd quarter valued at approximately $36,180,000. Asset One Wealth Management LLC purchased a new stake in shares of Newmont during the 2nd quarter worth approximately $2,866,000. Private Advisory Group LLC bought a new stake in shares of Newmont in the 2nd quarter worth approximately $10,430,000. Commerce Bank bought a new stake in shares of Newmont in the 2nd quarter worth approximately $3,418,000. Finally, Syon Capital LLC bought a new stake in shares of Newmont in the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president directly owned 34,315 shares of the company's stock, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of Newmont 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 completion of the transaction, the chief financial officer owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,973 shares of company stock valued at $3,927,169 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.96 consensus estimate, while revenue of $6.36 billion exceeded expectations of $6.26 billion. The company benefited from higher gold prices and stronger sales volumes. Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery
• Positive Sentiment: Net profit rose to approximately $2.48 billion from $1.83 billion a year earlier. The results were supported by elevated gold prices, improved gold sales and recovery at the Cadia operation, reinforcing the company’s operating leverage to bullion prices. Newmont Logs Higher Profit, Revenue on Higher Gold Sales
• Positive Sentiment: Management said Newmont remains on track to achieve full-year 2026 production guidance and described the quarter as record-setting for adjusted net income. Investors also responded favorably to expectations that the company could return to growth in 2027. Newmont Reports Third Quarter 2026 Results
• Positive Sentiment: RBC Dominion Securities raised its view to “outperform” with a $155 price target, implying substantial upside from recent trading levels. Newmont also declared a quarterly dividend of approximately $0.26 per share. RBC Dominion Securities Newmont rating
• Neutral Sentiment: Newmont filed its September-quarter Form 10-Q, providing the detailed financial disclosures behind the earnings release. The dividend declaration and updated payment terms were also reported for the company’s CDI holders. Newmont Files September Quarter Form 10-Q
• Negative Sentiment: Higher costs remain a concern. Coverage noted that Newmont raised its 2026 cost outlook, which could limit the benefit of strong gold prices and reduce confidence in margins. Newmont beats third-quarter earnings expectations
• Negative Sentiment: Analyst sentiment was mixed: Freedom Broker maintained a “hold” rating but cut its target to $116 from $130, while National Bank Financial also lowered expectations. These cautious revisions likely tempered the positive reaction to the earnings beat.

Newmont Price Performance

NEM opened at $113.63 on Friday. The company has a market capitalization of $119.73 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.17 and a beta of 0.51. 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 firm has a 50-day moving average price of $122.05 and a 200-day moving average price of $111.00. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29.

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, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Equities analysts expect that Newmont Corporation will post 9.04 EPS for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont's payout ratio is currently 13.13%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NEM shares. The Goldman Sachs Group dropped their price objective on Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings raised Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. RBC Dominion Securities set a $155.00 target price on Newmont and gave the stock an "outperform" rating in a research report on Thursday. Bank of America lowered their target price on Newmont from $157.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, National Bank Financial dropped their price target on Newmont from $140.00 to $135.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.06.

Newmont Profile

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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