MBL Wealth LLC Makes New Investment in Newmont Corporation $NEM

MBL Wealth LLC bought a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,132 shares of the basic materials company’s stock, valued at approximately $707,000.

Several other large investors also recently bought and sold shares of NEM. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of Newmont during the 3rd quarter worth $814,000. Northwestern Mutual Wealth Management Co. purchased a new position in Newmont in the second quarter valued at $36,180,000. Asset One Wealth Management LLC acquired a new stake in shares of Newmont during the 2nd quarter worth about $2,866,000. Private Advisory Group LLC purchased a new stake in Newmont in the second quarter valued at $10,430,000. Finally, Commerce Bank purchased a new position in Newmont during the 2nd quarter worth approximately $3,418,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Key Stories Impacting 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

Insider Activity at Newmont

In related news, CEO Natascha Viljoen sold 7,764 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This represents a 5.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’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 sale, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by corporate insiders.

Newmont Trading Down 4.7%

Shares of NYSE:NEM traded down $5.39 during trading on Friday, reaching $108.72. 7,847,217 shares of the stock were exchanged, compared to its average volume of 5,404,123. The firm’s 50-day moving average price is $121.86 and its 200 day moving average price is $110.99. The firm has a market cap 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. Newmont Corporation has a 12-month low of $76.05 and a 12-month high of $135.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the company posted $1.71 earnings per share. Newmont’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Newmont Corporation will post 9.04 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen dropped their price objective on shares of Newmont from $133.00 to $131.00 in a research note on Tuesday. BNP Paribas Exane boosted their target price on shares of Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Canaccord Genuity Group cut their price target on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group decreased their price target on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Finally, Bank of America lifted their target price on shares of Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.25.

Newmont Profile

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.