United Advisor Group LLC Makes New $1.23 Million Investment in Newmont Corporation $NEM

Key Points

• United Advisor Group bought 10,703 Newmont shares in the third quarter, a new stake valued at approximately $1.23 million. Institutional investors collectively own 68.85% of the stock.
• Newmont reported quarterly EPS of $2.20, beating the $1.94 consensus, while revenue of $6.36 billion also topped estimates. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $137.20.
• CEO Natascha Viljoen and EVP Peter Toth sold shares under pre-arranged Rule 10b5-1 plans; the CEO’s sale was to cover tax withholding on vested equity awards. Insiders sold 20,646 shares worth about $2.38 million over the past three months.

United Advisor Group LLC purchased a new stake in Newmont Corporation (NYSE:NEM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,703 shares of the basic materials company's stock, valued at approximately $1,234,000.

A number of other hedge funds have also added to or reduced their stakes in NEM. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont in the 1st quarter worth about $25,000. Clearstead Trust LLC bought a new stake in shares of Newmont during the 2nd quarter valued at about $25,000. Kilter Group LLC bought a new stake in shares of Newmont during the 2nd quarter valued at about $26,000. GoalVest Advisory LLC purchased a new position in shares of Newmont during the third quarter valued at about $28,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Newmont during the third quarter valued at about $30,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated 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. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the transaction, the executive vice president owned 31,315 shares in the company, valued at approximately $3,383,272.60. This represents a 8.74% 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. Insiders have sold a total of 20,646 shares of company stock worth $2,380,140 over the last three months. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NEM shares. TD Securities raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Citigroup lifted their price objective on Newmont from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, October 20th. The Goldman Sachs Group reduced their target price on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Bank of America increased their target price on Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Finally, BNP Paribas Exane raised their target price on Newmont from $102.00 to $112.00 and gave the company a "neutral" rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.20.

Newmont News Summary

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

Newmont Trading Up 0.9%

Newmont stock opened at $120.82 on Friday. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29. The company has a market capitalization of $125.55 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. The business's fifty day simple moving average is $118.87 and its two-hundred day simple moving average is $112.48. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company's revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $1.71 earnings per share. As a group, equities analysts predict that Newmont Corporation will post 9.14 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont's payout ratio is presently 12.09%.

Newmont Company Profile

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