Newmont Corporation $NEM Stock Position Raised by Saudi Central Bank

Saudi Central Bank lifted its stake in shares of Newmont Corporation (NYSE:NEM) by 87.7% during the second quarter, Holdings Channel reports. The firm owned 75,595 shares of the basic materials company’s stock after purchasing an additional 35,315 shares during the quarter. Saudi Central Bank’s holdings in Newmont were worth $7,061,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new position in shares of Newmont in the 1st quarter valued at $25,000. Pinnacle Bancorp Inc. purchased a new stake in Newmont during the first quarter valued at about $25,000. Swiss RE Ltd. acquired a new position in shares of Newmont in the fourth quarter worth about $26,000. Clearstead Trust LLC acquired a new position in shares of Newmont in the second quarter worth about $25,000. Finally, Kilter Group LLC purchased a new position in shares of Newmont in the second quarter worth approximately $26,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently advanced as the U.S. dollar and Treasury yields eased, lifting gold-mining stocks. Newmont’s latest quarterly update also highlighted record free cash flow of approximately $2.2 billion, about 1.3 million attributable gold ounces, maintained 2026 production guidance and a declared $0.26-per-share dividend. Newmont stock analysis
• Positive Sentiment: Wall Street’s average recommendation remains equivalent to a Buy, while recent analyst targets generally imply additional upside. Newmont is also being presented as an income-producing gold hedge, supported by strong cash generation, low leverage and a roughly 0.8% dividend yield. Analyst outlook for Newmont
• Neutral Sentiment: Newmont’s $1.95 billion payment to Barrick finalized its Nevada Gold Mines joint-venture settlement, giving the company greater control of a major production base. The move may improve long-term operating flexibility but also represents a substantial capital outlay. Nevada Gold Mines agreement
• Negative Sentiment: CEO Natascha Viljoen sold 3,882 shares and EVP Peter Toth sold 3,000 shares at $123 per share. Both transactions were made under pre-arranged Rule 10b5-1 plans, limiting their signaling value, but reported insider activity has consisted of sales and no purchases over the past six months. Newmont insider sales
• Negative Sentiment: Elevated Treasury yields remain a headwind for gold because they increase the opportunity cost of holding a non-yielding asset. Analysts also caution that mining costs, energy prices and interest-rate volatility could pressure margins and valuation multiples. Gold-mining sector outlook

Insiders Place Their Bets

In related news, CFO Brian Tabolt sold 11,445 shares of the business’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 completion of the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Natascha Viljoen sold 7,764 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 135,235 shares in the company, valued at $14,064,440. This represents a 5.43% decrease in their position. 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 have sold a total of 32,091 shares of company stock valued at $3,414,187 in the last three months. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $170.00 target price on Newmont in a report on Friday, August 14th. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price target on shares of Newmont in a report on Monday, August 24th. National Bank Financial dropped their price target on Newmont from $140.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Finally, TD Securities raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.73.

Newmont Trading Down 1.8%

Shares of NYSE:NEM opened at $128.09 on Friday. The firm has a fifty day moving average of $107.18 and a two-hundred day moving average of $109.72. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12-month low of $75.21 and a 12-month high of $135.29. The firm has a market capitalization of $134.97 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 1.80 and a beta of 0.52.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted $1.43 earnings per share. On average, equities analysts expect that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio is presently 13.13%.

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.