Quadcap Wealth Management LLC Purchases New Shares in Newmont Corporation $NEM

Quadcap Wealth Management LLC acquired a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,748 shares of the basic materials company’s stock, valued at approximately $548,000.

Several other large investors have also modified their holdings of NEM. Hourglass Capital LLC acquired a new stake in Newmont during the 3rd quarter worth approximately $13,066,000. Hennessy Advisors Inc. acquired a new position in shares of Newmont in the third quarter valued at approximately $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of Newmont during the third quarter worth approximately $814,000. Greenleaf Trust purchased a new stake in shares of Newmont during the third quarter worth approximately $3,043,000. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Newmont during the third quarter worth approximately $3,068,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEM. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Jefferies Financial Group raised their target price on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Argus set a $110.00 target price on shares of Newmont and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets boosted their price target on shares of Newmont from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Newmont Price Performance

Shares of Newmont stock traded up $1.11 during trading on Friday, reaching $120.82. The company’s stock had a trading volume of 7,881,830 shares, compared to its average volume of 5,960,770. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. 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 P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. The business has a 50 day moving average price of $118.87 and a 200-day moving average price of $112.48.

Newmont (NYSE:NEM) last released 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 29.81% and a net margin of 34.73%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the business posted $1.71 earnings per share. Newmont’s revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio is 12.09%.

Key Stories Impacting Newmont

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

Insider Transactions at Newmont

In related news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,646 shares of company stock valued at $2,380,140 in the last quarter. Insiders own 0.06% of the company’s stock.

Newmont Company Profile