Legacy Financial Advisors Inc. Acquires New Position in Newmont Corporation $NEM

Legacy Financial Advisors Inc. purchased 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 purchased 4,716 shares of the basic materials company’s stock, valued at approximately $398,000.

Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after buying an additional 139 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of Newmont by 26.4% during the third quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock valued at $56,000 after buying an additional 140 shares during the period. Fielder Capital Group LLC raised its holdings in shares of Newmont by 1.7% in the third quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock valued at $707,000 after acquiring an additional 141 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Newmont by 2.3% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 145 shares in the last quarter. Finally, Welch Group LLC lifted its position in shares of Newmont by 1.3% in the 3rd quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock worth $1,027,000 after purchasing an additional 153 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Newmont Price Performance

Shares of NYSE NEM opened at $123.93 on Wednesday. Newmont Corporation has a fifty-two week low of $41.23 and a fifty-two week high of $134.88. The company has a market cap of $134.82 billion, a PE ratio of 19.39, a P/E/G ratio of 1.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The business has a 50-day simple moving average of $114.13 and a two-hundred day simple moving average of $94.10.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the business earned $1.40 EPS. Newmont’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be issued a $0.26 dividend. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a yield of 0.8%. Newmont’s dividend payout ratio is currently 15.65%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analysts reaffirming the bull case: BMO trimmed its price target modestly from $145 to $140 but kept an Outperform rating, citing the company’s cash generation and momentum following Q4 results. BMO Lowers Target
• Positive Sentiment: Strong fundamentals and capital return focus: Seeking Alpha and other bull notes highlight record free cash flow, $3.4B debt reduction, $7.65B cash on hand, and an enhanced buyback/dividend framework — supporting long‑term upside despite a 2026 production trough. SA: Not The Cheapest…
• Positive Sentiment: Bull case reiterated with higher long‑term assumptions: Another Seeking Alpha piece raised its price target based on a bullish gold scenario, pointing to the company’s Q4 beat, record $7.3B FCF for 2025, and disciplined capital returns as catalysts. SA: $5100 Gold
• Neutral Sentiment: Value/momentum interest: Zacks and other outlets flag NEM as a top‑ranked value/momentum stock and note elevated investor attention — this can attract flows but doesn’t resolve near‑term guidance risk. Zacks: Top-Ranked Value
• Neutral Sentiment: Mixed retail commentary: aggregator pieces (MSN/Yahoo) weigh buy/hold/sell views and investor attention, reflecting differing time horizons among investors. MSN: Buy Hold or Sell?
• Negative Sentiment: Guidance and near‑term cash flow pressure: A Seeking Alpha note argues gold’s rally benefits NEM but flags FY2026 guidance — lower production, higher all‑in sustaining costs and more capex — which will likely pressure FCF and returns this year; management prefers buybacks over raising the dividend at current prices. SA: Gold Too Hot To Handle
• Negative Sentiment: Bearish viewpoints: Several commentators list operational and valuation concerns and explain why they’re avoiding the stock despite the gold backdrop, adding downside narrative pressure for short‑term traders. SA: 3 Reasons Avoiding

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NEM. TD Cowen boosted their price objective on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Newmont in a research report on Monday, January 12th. The Goldman Sachs Group raised their price objective on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research report on Monday, January 12th. BNP Paribas Exane boosted their target price on shares of Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Finally, UBS Group restated a “buy” rating and issued a $160.00 price target on shares of Newmont in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average target price of $132.88.

Newmont Profile

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.