Quadcap Wealth Management LLC Purchases 4,748 Shares of Newmont Corporation $NEM

Quadcap Wealth Management LLC purchased a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 4,748 shares of the basic materials company’s stock, valued at approximately $548,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new position in Newmont during the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp acquired a new position in Newmont during the second quarter worth about $671,197,000. Bank of New York Mellon Corp purchased a new stake in shares of Newmont in the second quarter valued at about $1,219,505,000. First Eagle Investment Management LLC purchased a new stake in shares of Newmont in the second quarter valued at about $241,820,000. Finally, Amundi purchased a new stake in shares of Newmont in the second quarter valued at about $209,411,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction 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 owned 131,353 shares in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,646 shares of company stock worth $2,380,140. Corporate insiders own 0.06% of the company’s stock.

More Newmont News

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 Trading Up 0.9%

Shares of NYSE:NEM traded up $1.11 during trading on Friday, reaching $120.82. The stock had a trading volume of 7,881,830 shares, compared to its average volume of 5,960,770. The business has a fifty day moving average price of $118.87 and a 200-day moving average price of $112.48. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The stock has a market cap of $125.55 billion, a P/E ratio of 14.05, a PEG ratio of 1.99 and a beta of 0.56. Newmont Corporation has a fifty-two week low of $81.34 and a fifty-two week high of $135.29.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter last year, the business earned $1.71 earnings per share. Newmont’s revenue was up 15.2% compared to the same quarter last year. As a group, analysts anticipate that Newmont Corporation will post 9.14 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio is currently 12.09%.

Analyst Ratings Changes

NEM has been the subject of a number of recent research reports. TD raised their price objective on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 target price (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Canaccord Genuity Group lowered their target price on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Scotiabank dropped their price target on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Finally, Citigroup boosted their price target on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Newmont Profile