Radnor Capital Management LLC Makes New $3.89 Million Investment in Newmont Corporation $NEM

Radnor Capital Management LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 33,755 shares of the basic materials company’s stock, valued at approximately $3,893,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. acquired a new stake in Newmont in the first quarter worth approximately $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont in the 1st quarter valued at approximately $25,000. Clearstead Trust LLC acquired a new stake in shares of Newmont in the second quarter worth $25,000. Kilter Group LLC purchased a new position in Newmont during the 2nd quarter valued at about $26,000. Finally, GoalVest Advisory LLC purchased a new position in Newmont during the third quarter valued at approximately $28,000. Institutional investors own 68.85% of the company’s stock.

Key Stories Impacting Newmont

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on NEM. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Scotiabank raised their price target on Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Bank of America boosted their target price on shares of Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Argus set a $110.00 price objective on Newmont and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group increased their price target on shares of Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

Newmont Trading Down 4.7%

NYSE:NEM opened at $108.72 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business’s 50-day simple moving average is $121.86 and its 200-day simple moving average is $110.99. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. 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.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a return on equity of 30.02% and a net margin of 34.73%. Newmont’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. Sell-side analysts expect that Newmont Corporation will post 9.07 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued 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 of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio is presently 12.09%.

Insider Activity at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $445,692.42. Following the transaction, the chief executive officer owned 127,471 shares in the company, valued at $14,634,945.51. The trade was a 2.96% 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. In the last ninety days, insiders sold 35,973 shares of company stock worth $3,927,169. Insiders own 0.06% of the company’s stock.

About Newmont

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.