QTR Family Wealth LLC Makes New $627,000 Investment in Newmont Corporation $NEM

QTR Family Wealth LLC bought a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,439 shares of the basic materials company’s stock, valued at approximately $627,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inscription Capital LLC acquired a new stake in Newmont during the third quarter worth about $397,000. Commonwealth Equity Services LLC acquired a new position in shares of Newmont in the 3rd quarter valued at about $29,774,000. TFB Advisors LLC acquired a new position in shares of Newmont in the 3rd quarter valued at about $1,266,000. Collaborative Fund Advisors LLC purchased a new stake in shares of Newmont during the 3rd quarter worth about $220,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Newmont during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NYSE NEM opened at $119.74 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The company has a market capitalization of $124.43 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.15 and a beta of 0.56. The business has a 50-day moving average of $119.10 and a 200-day moving average of $112.47.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.94 by $0.26. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business posted $1.71 EPS. On average, equities analysts anticipate that Newmont Corporation will post 9.14 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. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
• Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
• Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
• Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
• Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
• Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets lifted their price target on shares of Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 29th. Barclays decreased their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Canaccord Genuity Group dropped their price objective on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, RBC Dominion Securities set a $155.00 target price on shares of Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Insider Buying and Selling

In other news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the transaction, the chief executive officer directly owned 101,691 shares in the company, valued at approximately $10,986,695.64. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. 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 20,646 shares of company stock worth $2,380,140 in the last quarter. Insiders own 0.06% of the company’s stock.

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.