Legacy Financial Advisors Inc. Invests $146,000 in Newmont Corporation $NEM

Legacy Financial Advisors Inc. bought a new position in shares of Newmont Corporation (NYSE:NEM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,996 shares of the basic materials company’s stock, valued at approximately $146,000.

Several other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after buying an additional 96 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Newmont by 28.6% during the fourth quarter. Coston McIsaac & Partners now owns 450 shares of the basic materials company’s stock worth $44,000 after buying an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Newmont by 6.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,647 shares of the basic materials company’s stock worth $164,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Newmont by 0.6% in the first quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company’s stock valued at $1,861,000 after acquiring an additional 100 shares during the period. Finally, Townsquare Capital LLC boosted its position in shares of Newmont by 4.2% in the fourth quarter. Townsquare Capital LLC now owns 2,523 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 102 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s recent quarterly update continues to support investor sentiment: the company reported approximately 1.3 million attributable gold ounces, record quarterly free cash flow of $2.2 billion, maintained its 2026 production guidance and declared a $0.26-per-share dividend. Why Newmont Corporation Stock Is Up Today
• Positive Sentiment: A recent valuation analysis characterized Newmont as financially resilient, citing a net margin of roughly 33%, strong cash generation, low leverage and a forward P/E near 14.5. The company’s $1.95 billion payment to Barrick to finalize the Nevada Gold Mines joint-venture settlement also strengthens its control of a major production base. Newmont Stock Analysis
• Neutral Sentiment: Analysts’ recent price targets have a median of $140, suggesting potential upside from current levels, although targets range widely from $120 to $176 and remain sensitive to gold prices, interest rates and mining costs. Newmont Price Targets
• Negative Sentiment: Newmont CEO Natascha Viljoen sold 3,882 shares worth approximately $477,000, while EVP Peter Toth sold 3,000 shares worth about $369,000. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their holdings but not necessarily signaling a change in business outlook. Newmont Insider Transactions
• Negative Sentiment: Insider activity has been one-sided over the past six months, with reported sales and no purchases. High Treasury yields also remain a risk because they raise the opportunity cost of holding gold, while inflation and energy costs could pressure mining margins. Newmont Insider and Market Analysis

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group lowered their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Citigroup dropped their price target on shares of Newmont from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Royal Bank Of Canada cut their price target on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.73.

Newmont Stock Up 4.3%

NYSE NEM opened at $130.59 on Friday. The business has a fifty day moving average price of $106.54 and a two-hundred day moving average price of $109.59. The stock has a market capitalization of $137.60 billion, a PE ratio of 16.49, a PEG ratio of 1.76 and a beta of 0.52. Newmont Corporation has a fifty-two week low of $73.44 and a fifty-two week high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same quarter last year, the company posted $1.43 EPS. Equities analysts expect that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 annualized dividend and a yield of 0.8%. Newmont’s payout ratio is presently 13.13%.

Insider Transactions at Newmont

In related news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Natascha Viljoen sold 7,764 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction of $807,456.00. Following the transaction, the chief executive officer owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This represents a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 32,091 shares of company stock valued at $3,414,187. 0.06% of the stock is currently owned by insiders.

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.