12,383 Shares in Newmont Corporation $NEM Purchased by Vima LLC

Vima LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 12,383 shares of the basic materials company’s stock, valued at approximately $1,428,000. Newmont makes up about 1.5% of Vima LLC’s portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new stake in shares of Newmont in the first quarter worth $25,000. Pinnacle Bancorp Inc. acquired a new stake in Newmont in the first quarter valued at $25,000. GoalVest Advisory LLC bought a new position in Newmont during the 3rd quarter valued at $28,000. Clearstead Trust LLC bought a new position in Newmont during the 2nd quarter valued at $25,000. Finally, Kilter Group LLC bought a new position in Newmont during the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NEM opened at $108.72 on Friday. The stock has a market capitalization of $114.55 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The business’s fifty day moving average price is $121.86 and its 200 day moving average price is $110.99. 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 Corporation has a 12-month low of $76.05 and a 12-month high of $135.29.

Newmont (NYSE:NEM) last released its 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. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Newmont Corporation will post 9.07 EPS for the current year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is presently 12.09%.

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 $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Analyst Ratings Changes

Several research analysts have weighed in on NEM shares. Sanford C. Bernstein raised their price objective on shares of Newmont from $144.00 to $150.00 in a report on Friday, October 16th. The Goldman Sachs Group cut their target price on shares of Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce set a $154.00 price target on shares of Newmont in a research report on Friday, October 16th. Bank of America lifted their price target on Newmont from $135.00 to $145.00 in a research note on Monday, August 17th. Finally, Freedom Broker lowered Newmont from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $116.00 in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and a consensus price target of $137.25.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the sale, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This represents a 5.43% 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. In the last three months, insiders have sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by 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.