Howard Capital Management LLC Makes New Investment in Newmont Corporation $NEM

Howard Capital Management LLC bought a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, HoldingsChannel reports. The fund bought 7,937 shares of the basic materials company’s stock, valued at approximately $915,000.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC bought a new position in shares of Newmont during the 1st quarter valued at about $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Newmont during the 1st quarter valued at about $25,000. GoalVest Advisory LLC purchased a new position in shares of Newmont during the 3rd quarter valued at about $28,000. Clearstead Trust LLC purchased a new position in shares of Newmont during the 2nd quarter valued at about $25,000. Finally, Kilter Group LLC bought a new stake in Newmont in the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $118.40 on Friday. The company has a 50-day simple moving average of $122.06 and a two-hundred day simple moving average of $110.84. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12-month low of $76.05 and a 12-month high of $135.29. The firm has a market cap of $124.76 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.20 and a beta of 0.51.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%. During the same period last year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Newmont Corporation will post 9.05 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, September 3rd. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio is currently 13.13%.

Insider Activity at Newmont

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $445,692.42. Following the completion of the sale, the chief executive officer owned 127,471 shares of the company’s stock, valued at $14,634,945.51. The trade was a 2.96% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 35,973 shares of company stock worth $3,927,169 in the last ninety days. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NEM has been the subject of several research reports. Bank of America cut their target price on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group reduced their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group decreased their price target on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.50.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold prices recently rose more than 1% as the U.S. dollar weakened and Treasury yields eased, improving the outlook for gold miners’ revenue and margins. Newmont is also benefiting from strong prior-quarter free cash flow, share repurchases and its ability to remain on track with 2026 guidance. Newmont rises as gold strengthens and investors look ahead to earnings
• Positive Sentiment: Analyst sentiment has improved. Bernstein raised its Newmont price target to $150 from $144, while the broader consensus target was reported at CHF 121.57, up 10.84%. Jefferies also reaffirmed a Buy rating, reinforcing expectations for further upside if gold remains strong. Bernstein Adjusts Price Target on Newmont Newmont consensus price target raised
• Positive Sentiment: Investors are positioning ahead of Newmont’s October 22 third-quarter earnings release. Wall Street expects earnings growth, helped by higher gold prices and potentially improved margins, while the company’s previous quarter showed strong cash generation and production execution. Newmont Corporation reports next week
• Neutral Sentiment: Newmont completed the sale of its Northumberland asset. The transaction may simplify the portfolio and support capital allocation, but the immediate earnings impact was not specified. Newmont completes Northumberland sale
• Negative Sentiment: Earnings expectations are mixed: higher gold prices could be offset by weaker production and higher costs, making the October 22 report a key near-term catalyst and volatility risk. NEM to Report Q3 Earnings
• Negative Sentiment: Insider-trading data shows 13 open-market sales and no purchases over the past six months, including sales by senior executives. This may weigh on sentiment, although insider transactions do not necessarily reflect company fundamentals.

Newmont Company 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.