Czech National Bank Purchases 6,665 Shares of Newmont Corporation $NEM

Czech National Bank boosted its position in Newmont Corporation (NYSE:NEM) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,866 shares of the basic materials company’s stock after purchasing an additional 6,665 shares during the quarter. Czech National Bank’s holdings in Newmont were worth $28,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Newmont in the 4th quarter valued at about $1,443,128,000. Van ECK Associates Corp raised its position in shares of Newmont by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after buying an additional 5,643,496 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Newmont by 110.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company’s stock valued at $873,011,000 after buying an additional 4,588,018 shares during the period. AQR Capital Management LLC boosted its stake in shares of Newmont by 82.5% in the fourth quarter. AQR Capital Management LLC now owns 7,402,278 shares of the basic materials company’s stock valued at $739,117,000 after buying an additional 3,345,543 shares during the period. Finally, Assetmark Inc. grew its position in Newmont by 398.3% during the fourth quarter. Assetmark Inc. now owns 2,870,495 shares of the basic materials company’s stock worth $286,619,000 after buying an additional 2,294,396 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Raymond James Financial lowered their price objective on Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $168.00 target price on shares of Newmont in a report on Tuesday, July 28th. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. TD Securities raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, TD raised shares of Newmont from a “hold” rating to a “buy” rating and cut their price objective for the stock from $129.00 to $127.00 in a research report on Tuesday, July 14th. Two research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.11.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold’s Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

Newmont Trading Up 7.2%

Shares of Newmont stock opened at $113.03 on Friday. The firm’s 50 day moving average is $97.92 and its 200 day moving average is $109.08. The firm has a market capitalization of $119.09 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.17 and a beta of 0.47. Newmont Corporation has a 1 year low of $67.11 and a 1 year high of $134.88. 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 issued its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same quarter last year, the business posted $1.43 earnings per share. Equities research analysts forecast that Newmont Corporation will post 9.06 earnings per share for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio is presently 13.13%.

Insiders Place Their Bets

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the transaction, the chief financial officer directly owned 29,324 shares in the company, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $93.45, for a total value of $280,350.00. Following the sale, the executive vice president owned 40,315 shares in the company, valued at approximately $3,767,436.75. This trade represents a 6.93% 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 sold a total of 32,091 shares of company stock valued at $3,292,513 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

About Newmont

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.