Brucke Financial Inc. Buys New Shares in Newmont Corporation $NEM

Brucke Financial Inc. bought a new position in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,715 shares of the basic materials company’s stock, valued at approximately $544,000.

Several other large investors have also added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in shares of Newmont in the third quarter worth $2,344,000. BG Investment Services LLC purchased a new position in shares of Newmont during the 3rd quarter valued at $374,000. Evanson Financial LLC purchased a new position in shares of Newmont during the 3rd quarter valued at $318,000. Citizens Financial Group Inc. RI purchased a new position in shares of Newmont during the 3rd quarter valued at $17,691,000. Finally, Simplicity Wealth LLC bought a new position in Newmont in the 3rd quarter worth $1,793,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $445,692.42. Following the sale, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at $14,634,945.51. This represents a 2.96% decrease in their position. The sale was disclosed in a legal filing 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 stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,973 shares of company stock valued at $3,927,169 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Newmont Trading Down 4.7%

Shares of NEM stock opened at $108.72 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. 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 2.02 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 stock’s 50-day moving average price is $121.86 and its 200-day moving average price is $110.99.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.27 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Equities research analysts predict that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

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

Newmont News Summary

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEM shares. RBC Dominion Securities set a $155.00 price target on Newmont and gave the stock an “outperform” rating in a research note on Thursday. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and decreased their price target for the company from $130.00 to $116.00 in a report on Thursday. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Royal Bank Of Canada upped their price objective on Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Scotiabank upped their price objective on Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.