Rahlfs Capital LLC Purchases 26,860 Shares of Newmont Corporation $NEM

Rahlfs Capital LLC bought a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, Holdings Channel.com reports. The firm bought 26,860 shares of the basic materials company’s stock, valued at approximately $3,098,000. Newmont makes up 1.8% of Rahlfs Capital LLC’s holdings, making the stock its 12th biggest holding.

Other hedge funds have also bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Newmont in the 1st quarter valued at about $25,000. Pinnacle Bancorp Inc. bought a new stake in Newmont during the 1st quarter worth approximately $25,000. GoalVest Advisory LLC bought a new stake in Newmont during the 3rd quarter worth approximately $28,000. Clearstead Trust LLC purchased a new stake in shares of Newmont in the second quarter worth approximately $25,000. Finally, Kilter Group LLC purchased a new stake in shares of Newmont in the second quarter worth approximately $26,000. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NYSE NEM traded down $5.39 during midday trading on Friday, hitting $108.72. The company’s stock had a trading volume of 7,847,217 shares, compared to its average volume of 5,404,123. The stock has a fifty day moving average price of $121.86 and a 200 day moving average price of $110.99. Newmont Corporation has a one year low of $76.05 and a one year high of $135.29. 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 firm has a market capitalization of $114.55 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51.

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. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 30.02%. Newmont’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 EPS. On average, research analysts forecast that Newmont Corporation will post 9.04 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be issued a dividend of $0.26 per share. 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%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their price objective on Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Bank of America boosted their price target on shares of Newmont from $135.00 to $145.00 in a report on Monday, August 17th. Canaccord Genuity Group reduced 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. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $137.25.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $445,692.42. Following the completion of the transaction, the chief executive officer directly owned 127,471 shares in the company, valued at approximately $14,634,945.51. The trade was a 2.96% 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 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 business’s stock in a transaction 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 sale, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,973 shares of company stock worth $3,927,169 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Key Stories Impacting Newmont

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

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.