Brighton Jones LLC Purchases 54,255 Shares of Newmont Corporation $NEM

Brighton Jones LLC purchased a new stake in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,255 shares of the basic materials company’s stock, valued at approximately $6,258,000.

Other large investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in Newmont during the first quarter worth $25,000. GoalVest Advisory LLC bought a new position in shares of Newmont during the third quarter valued at $28,000. Financial Management Professionals Inc. acquired a new stake in shares of Newmont in the 3rd quarter valued at $30,000. Clearstead Trust LLC acquired a new stake in shares of Newmont in the 2nd quarter valued at $25,000. Finally, Signature Equity Partners LLC acquired a new stake in shares of Newmont in the 3rd quarter valued at $32,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Price Performance

Shares of NEM stock opened at $120.82 on Monday. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The stock has a market capitalization of $125.55 billion, a PE ratio of 14.05, a PEG ratio of 2.20 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The stock’s fifty day moving average is $118.87 and its 200-day moving average is $112.48.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (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 business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts expect that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed 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 0.9%. Newmont’s dividend payout ratio is currently 12.09%.

Insider Activity

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the sale, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% 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 valued at $2,380,140 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the topic of several analyst reports. National Bank Financial lowered their target price on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Scotiabank reduced their price target on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein upped their price objective on shares of Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Two research 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 company’s stock. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Key Stories Impacting 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 Company Profile