Point Nemo Capital LLC Makes New Investment in Newmont Corporation $NEM

Point Nemo Capital LLC acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,048 shares of the basic materials company’s stock, valued at approximately $1,505,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEM. Cedar Mountain Advisors LLC bought a new stake in Newmont in the first quarter valued at about $25,000. Clearstead Trust LLC acquired a new position in Newmont in the second quarter worth about $25,000. Kilter Group LLC acquired a new position in Newmont in the second quarter worth about $26,000. GoalVest Advisory LLC bought a new position in Newmont during the third quarter worth about $28,000. Finally, Financial Management Professionals Inc. bought a new position in Newmont during the third quarter worth about $30,000. 68.85% of the stock is owned by institutional investors.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Stock Performance

NEM stock opened at $120.82 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. The company has a 50 day moving average price of $118.87 and a 200 day moving average price of $112.48. Newmont Corporation has a fifty-two week low of $81.34 and a fifty-two week high of $135.29. The stock has a market capitalization of $125.55 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM) last announced its quarterly earnings data 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. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the company earned $1.71 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts forecast that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

Analysts Set New Price Targets

A number of research firms have weighed in on NEM. National Bank Financial decreased their price objective on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. TD increased their target price on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and dropped their target price for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. RBC Dominion Securities set a $155.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, BMO Capital Markets boosted their price target on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,646 shares of company stock worth $2,380,140 in the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Company Profile