Newmont Corporation $NEM Stake Lifted by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lifted its stake in shares of Newmont Corporation (NYSE:NEM) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,489 shares of the basic materials company’s stock after acquiring an additional 13,095 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Newmont were worth $7,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont during the 1st quarter valued at $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont in the first quarter valued at $25,000. Swiss RE Ltd. bought a new position in Newmont during the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its stake in Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Newmont during the third quarter worth about $27,000. Institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer owned 135,235 shares of the company’s stock, valued at $14,064,440. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,091 shares of company stock worth $3,292,513. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NEM. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings cut shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Scotiabank dropped their target price on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Barclays reduced their target price on shares of Newmont from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eighteen 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 a consensus rating of “Moderate Buy” and an average target price of $132.11.

Newmont Price Performance

NEM stock opened at $113.03 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. Newmont Corporation has a one year low of $67.11 and a one year high of $134.88. The firm has a market capitalization of $119.09 billion, a PE ratio of 14.27, a P/E/G ratio of 1.17 and a beta of 0.47. The firm has a 50-day moving average of $97.92 and a two-hundred day moving average of $109.08.

Newmont (NYSE:NEM) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. During the same period last year, the firm posted $1.43 earnings per share. On average, analysts forecast that Newmont Corporation will post 9.06 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold’s Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

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.