Quadrant Capital Group LLC Buys 14,684 Shares of Newmont Corporation $NEM

Quadrant Capital Group LLC bought a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,684 shares of the basic materials company’s stock, valued at approximately $1,697,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Uncommon Cents Investing Inc purchased a new position in shares of Newmont during the third quarter valued at $4,731,000. Nisa Investment Advisors LLC acquired a new position in Newmont during the third quarter valued at $17,759,000. Harfst & Associates Inc. acquired a new position in Newmont during the third quarter valued at $1,829,000. Robeco Institutional Asset Management B.V. purchased a new stake in Newmont in the 3rd quarter worth about $455,399,000. Finally, Diversify Advisory Services LLC purchased a new stake in Newmont in the 3rd quarter worth about $2,553,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Down 3.0%

Newmont stock opened at $113.63 on Friday. Newmont Corporation has a 12 month low of $76.05 and a 12 month high of $135.29. 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 stock has a market cap of $119.73 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.17 and a beta of 0.51. The company’s fifty day simple moving average is $122.05 and its 200-day simple moving average is $111.00.

Newmont (NYSE:NEM) last announced its quarterly earnings data 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 return on equity of 29.10% and a net margin of 33.36%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company earned $1.71 earnings per share. Newmont’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Newmont Corporation will post 9.04 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders 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 13.13%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NEM. Barclays decreased their price objective on Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday. Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Freedom Broker reissued a “hold” rating and issued a $116.00 price target (down from $130.00) on shares of Newmont in a research report on Thursday. Sanford C. Bernstein reduced their price target on shares of Newmont from $147.00 to $144.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. Finally, RBC Dominion Securities set a $155.00 price target on shares of Newmont and gave the stock an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.06.

Key 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.

Insider Buying and Selling at Newmont

In other news, 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 transaction of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares in the company, valued at $14,064,440. The trade was a 5.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the sale, the executive vice president directly owned 34,315 shares of the company’s stock, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,973 shares of company stock worth $3,927,169 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

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.