Independent Financial Group LLC Purchases New Shares in Newmont Corporation $NEM

Independent Financial Group LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,875 shares of the basic materials company’s stock, valued at approximately $1,177,000.

Other large investors also recently made changes to their positions in the company. Prosperity Consulting Group LLC acquired a new stake in Newmont in the 1st quarter valued at about $221,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Newmont in the first quarter valued at approximately $36,605,000. Wealthfront Advisers LLC raised its stake in Newmont by 29.1% during the 1st quarter. Wealthfront Advisers LLC now owns 192,147 shares of the basic materials company’s stock worth $20,800,000 after buying an additional 43,274 shares during the period. Bank of New York Mellon Corp raised its position in shares of Newmont by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock worth $1,324,757,000 after purchasing an additional 615,461 shares during the period. Finally, Harmony Asset Management LLC raised its holdings in Newmont by 10.5% during the 1st quarter. Harmony Asset Management LLC now owns 15,186 shares of the basic materials company’s stock worth $1,644,000 after buying an additional 1,441 shares during the period. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the transaction, the executive vice president owned 43,315 shares in the company, valued at approximately $4,001,439.70. The trade was a 6.48% decrease in their ownership of the stock. 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, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the transaction, the insider directly owned 23,163 shares in the company, valued at $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 28,556 shares of company stock worth $3,058,146 over the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Stock Down 0.5%

Shares of NYSE NEM opened at $89.24 on Tuesday. Newmont Corporation has a 12 month low of $58.97 and a 12 month high of $134.88. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The company has a market cap of $95.26 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.03 and a beta of 0.46. The stock has a 50-day moving average price of $101.69 and a two-hundred day moving average price of $110.19.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The company’s revenue was up 45.8% on a year-over-year basis. As a group, analysts forecast that Newmont Corporation will post 9.25 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is 13.49%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Several commentary pieces argue Newmont could still be attractive on valuation, suggesting the recent pullback may be creating a potential value opportunity if gold stays firm and earnings hold up. Is Newmont (NYSE:NEM) Still A Compelling Value Stock?
• Positive Sentiment: Gold’s strength remains a tailwind for Newmont, and one article says the company is facing a “crucial test” as the metal stays strong, which could support revenue and margins if commodity prices remain elevated. Newmont (NYSE:NEM) Faces a Crucial Test As Gold Stays Strong
• Positive Sentiment: Market chatter ahead of Q2 earnings points to investor interest in key operating metrics, and recent discussion of Newmont as a trading candidate around macro uncertainty suggests the stock could benefit if results exceed expectations. Newmont Stock Suddenly Offers a Double-Sided Debit Trade on U.S.-Iran Tensions and Upcoming Earnings
• Neutral Sentiment: Multiple previews of Newmont’s upcoming Q2 report focus on Wall Street estimates and key metrics, signaling that the stock may remain range-bound until earnings provide clearer direction. Seeking Clues to Newmont (NEM) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Negative Sentiment: Scotiabank reportedly has a negative outlook for Newmont’s FY2027 earnings, reinforcing concerns that profit growth may slow after the current cycle. Scotiabank Has Negative Outlook for Newmont FY2027 Earnings
• Negative Sentiment: Technical commentary says Newmont shares have fallen to a 2026 low and support is being tested, which points to continued downside pressure unless buyers step in soon. Newmont Shares At 2026 Low, With Support Being Tested

Analyst Upgrades and Downgrades

NEM has been the topic of a number of research reports. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. BNP Paribas Exane cut their price target on shares of Newmont from $128.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. Canaccord Genuity Group lifted their target price on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays decreased their price target on shares of Newmont from $133.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group decreased their price objective on Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.26.

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.