Sterling Capital Management LLC Purchases 106,086 Shares of Newmont Corporation $NEM

Sterling Capital Management LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 106,086 shares of the basic materials company’s stock, valued at approximately $12,236,000.

Other institutional investors have also bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Newmont during the 1st quarter valued at about $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Newmont in the 1st quarter worth approximately $25,000. GoalVest Advisory LLC acquired a new stake in shares of Newmont in the 3rd quarter worth approximately $28,000. Clearstead Trust LLC bought a new position in shares of Newmont in the second quarter valued at approximately $25,000. Finally, Kilter Group LLC bought a new position in shares of Newmont in the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the sale, the executive vice president directly owned 34,315 shares of the company’s stock, valued at $3,939,705.15. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the stock in a transaction on Wednesday, August 5th. The shares were 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 of the company’s stock, valued at $14,064,440. This trade represents a 5.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,973 shares of company stock worth $3,927,169 in the last three months. 0.06% of the stock is currently owned by insiders.

Trending Headlines about Newmont

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 Price Performance

NEM stock traded down $5.39 on Friday, hitting $108.72. 7,847,217 shares of the company’s stock traded hands, compared to its average volume of 5,404,123. Newmont Corporation has a 1-year low of $76.05 and a 1-year high of $135.29. The stock has a market cap of $114.55 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51. The stock has a fifty day moving average of $121.86 and a 200-day moving average of $110.99. 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) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. On average, analysts forecast that Newmont Corporation will post 9.04 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Analysts Set New Price Targets

NEM has been the topic of several recent analyst reports. TD Cowen dropped their target price on Newmont from $133.00 to $131.00 in a report on Tuesday. Argus set a $110.00 price target on Newmont and gave the company a “buy” rating in a research note on Monday, August 3rd. Canadian Imperial Bank of Commerce set a $154.00 price target on Newmont in a research report on Friday, October 16th. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Finally, Canaccord Genuity Group cut their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

About Newmont

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.