44,712 Shares in Newmont Corporation $NEM Purchased by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. purchased a new position in shares of Newmont Corporation (NYSE:NEM) during the second quarter, Holdings Channel reports. The firm purchased 44,712 shares of the basic materials company’s stock, valued at approximately $4,175,000.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in Newmont in the 4th quarter valued at $9,018,000. ARS Investment Partners LLC increased its holdings in Newmont by 3.6% in the 4th quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after acquiring an additional 23,900 shares in the last quarter. Private Advisory Group LLC acquired a new position in Newmont during the second quarter worth $10,430,000. Thrivent Financial for Lutherans raised its position in Newmont by 37.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 214,282 shares of the basic materials company’s stock worth $21,440,000 after acquiring an additional 58,690 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in Newmont by 156.9% during the fourth quarter. iA Global Asset Management Inc. now owns 221,790 shares of the basic materials company’s stock valued at $22,146,000 after purchasing an additional 135,446 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Newmont

In other news, CEO Natascha Viljoen sold 7,764 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares in the company, valued at $14,064,440. This represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,091 shares of company stock worth $3,292,513. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NEM shares. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Raymond James Financial cut their price objective on Newmont from $139.00 to $137.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Barclays reduced their target price on Newmont from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.59.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold reached record levels. Spot gold traded above $4,500 an ounce and was on track for a third consecutive weekly gain. A softer U.S. dollar, bond-market volatility and inflation concerns increased demand for gold as a safe-haven asset, improving the potential revenue and cash-flow outlook for Newmont. Why Is Newmont Stock Surging Friday?
• Positive Sentiment: Strong operating performance and capital returns supported sentiment. Newmont reported record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion, remains on track to produce 5.3 million attributable gold ounces in 2026, and has returned approximately $1.9 billion through dividends and share repurchases since its prior earnings report.
• Positive Sentiment: Scotiabank raised its earnings forecast. The firm increased its FY2026 EPS estimate to $8.96 from $8.83, maintained an “Outperform” rating and set a $149 price target. The median target among 10 analysts is reported at $145.50, suggesting analysts generally see additional upside.
• Neutral Sentiment: Newmont appointed Peter Beaven as an independent director. Effective September 1, Beaven is expected to join the Audit Committee, adding finance and global mining experience. The appointment is strategically supportive but is unlikely to materially change near-term earnings. Newmont Appoints Peter Beaven to Board of Directors
• Neutral Sentiment: Newmont agreed to sell a Nevada gold project to StrikePoint for $70 million. The transaction may help streamline the portfolio and monetize a noncore asset, although the immediate earnings impact was not provided. StrikePoint to Buy Nevada Gold Project from Newmont
• Negative Sentiment: Reported insider trading was a potential cautionary signal. Company insiders recorded 15 open-market sales and no purchases during the past six months, though such transactions may reflect compensation or personal financial planning rather than a view on Newmont’s business.

Newmont Price Performance

Newmont stock opened at $131.76 on Friday. Newmont Corporation has a 52-week low of $69.05 and a 52-week high of $134.88. The firm has a market capitalization of $138.83 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.32 and a beta of 0.47. The company has a fifty day simple moving average of $101.60 and a 200-day simple moving average of $108.96. 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 (NYSE:NEM) last issued its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same period in the prior year, the business earned $1.43 earnings per share. On average, equities analysts anticipate that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be issued a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Newmont’s dividend payout ratio is presently 13.13%.

Newmont Company Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.