VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Newmont Corporation $NEM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Newmont Corporation (NYSE:NEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 472,219 shares of the basic materials company’s stock, valued at approximately $44,105,000.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in Newmont during the 1st quarter valued at about $25,000. Cedar Mountain Advisors LLC bought a new stake in Newmont in the first quarter worth about $25,000. Clearstead Trust LLC purchased a new position in shares of Newmont during the second quarter valued at approximately $25,000. Kilter Group LLC purchased a new position in shares of Newmont during the second quarter valued at approximately $26,000. Finally, Swiss RE Ltd. bought a new position in shares of Newmont during the fourth quarter valued at approximately $26,000. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the completion of the transaction, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at $16,156,419. This trade represents a 2.87% 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 sold a total of 32,091 shares of company stock valued at $3,414,187 over the last three months. 0.06% of the stock is owned by company insiders.

Key Newmont News

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America decreased their price target on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup cut their price objective on Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. National Bank Financial reduced their target price on Newmont from $140.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen cut shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.73.

Newmont Price Performance

Shares of NYSE:NEM opened at $128.09 on Monday. The business’s 50 day moving average is $107.18 and its 200 day moving average is $109.61. The stock has a market cap 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 Corporation has a 52-week low of $75.21 and a 52-week high of $135.29. 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 (NYSE:NEM) last issued 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 return on equity of 29.10% and a net margin of 33.36%.The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same period in the prior year, the business earned $1.43 EPS. Sell-side analysts predict that Newmont Corporation will post 9.01 EPS 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 issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 3rd. Newmont’s payout ratio is presently 13.13%.

Newmont Company 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.