9,717 Shares in Newmont Corporation $NEM Purchased by XXI Wealth LLC

by · The Markets Daily

XXI Wealth LLC purchased a new stake in Newmont Corporation (NYSE:NEM – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 9,717 shares of the basic materials company’s stock, valued at approximately $1,121,000.

Other hedge funds have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC purchased a new stake in Newmont during the first quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Newmont in the first quarter worth $25,000. GoalVest Advisory LLC acquired a new stake in shares of Newmont in the third quarter worth $28,000. Clearstead Trust LLC purchased a new position in shares of Newmont in the 2nd quarter valued at $25,000. Finally, Kilter Group LLC purchased a new position in shares of Newmont in the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Down 4.7%

NEM stock traded down $5.39 during midday trading on Friday, hitting $108.72. 7,847,217 shares of the company’s stock were exchanged, compared to its average volume of 5,404,123. The firm has a 50 day moving average price of $121.86 and a 200-day moving average price of $110.99. Newmont Corporation has a 12-month low of $76.05 and a 12-month high of $135.29. The stock has a market capitalization of $114.55 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.11 and a beta of 0.51. 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 (NYSE:NEM – Get Free Report) last released its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 30.02% and a net margin of 34.73%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the business posted $1.71 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Newmont Corporation will post 9.04 EPS for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 1.0%. Newmont’s dividend payout ratio is currently 12.09%.

Analyst Ratings Changes

NEM has been the topic of several recent research reports. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Citigroup increased their price target on Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen lowered their price target on Newmont from $133.00 to $131.00 in a report on Tuesday. TD raised their price objective on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Canaccord Genuity Group reduced their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Two equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.25.

View Our Latest Research Report on Newmont

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s 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 sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,973 shares of company stock valued at $3,927,169 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Newmont News Roundup

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

Newmont Company Profile

(Free Report)

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.

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