Newmont Corporation $NEM Shares Newly Bought by Visionary Horizons LLC

Visionary Horizons LLC bought a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,729 shares of the basic materials company’s stock, valued at approximately $776,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Newmont during the 2nd quarter worth about $11,289,753,000. State Street Corp lifted its stake in shares of Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock worth $4,893,852,000 after acquiring an additional 1,565,716 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Newmont by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after acquiring an additional 615,461 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Newmont by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock valued at $1,012,792,000 after acquiring an additional 184,586 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Newmont by 4.4% in the first quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock valued at $950,519,000 after acquiring an additional 372,415 shares in the last quarter. Institutional investors and hedge funds own 68.85% 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 $1.96 consensus estimate, while revenue of $6.36 billion exceeded expectations of $6.26 billion. The company benefited from higher gold prices and stronger sales volumes. Newmont beats quarterly profit estimates on higher gold prices, Cadia recovery
• Positive Sentiment: Net profit rose to approximately $2.48 billion from $1.83 billion a year earlier. The results were supported by elevated gold prices, improved gold sales and recovery at the Cadia operation, reinforcing the company’s operating leverage to bullion prices. Newmont Logs Higher Profit, Revenue on Higher Gold Sales
• Positive Sentiment: Management said Newmont remains on track to achieve full-year 2026 production guidance and described the quarter as record-setting for adjusted net income. Investors also responded favorably to expectations that the company could return to growth in 2027. Newmont Reports Third Quarter 2026 Results
• Positive Sentiment: RBC Dominion Securities raised its view to “outperform” with a $155 price target, implying substantial upside from recent trading levels. Newmont also declared a quarterly dividend of approximately $0.26 per share. RBC Dominion Securities Newmont rating
• Neutral Sentiment: Newmont filed its September-quarter Form 10-Q, providing the detailed financial disclosures behind the earnings release. The dividend declaration and updated payment terms were also reported for the company’s CDI holders. Newmont Files September Quarter Form 10-Q
• Negative Sentiment: Higher costs remain a concern. Coverage noted that Newmont raised its 2026 cost outlook, which could limit the benefit of strong gold prices and reduce confidence in margins. Newmont beats third-quarter earnings expectations
• Negative Sentiment: Analyst sentiment was mixed: Freedom Broker maintained a “hold” rating but cut its target to $116 from $130, while National Bank Financial also lowered expectations. These cautious revisions likely tempered the positive reaction to the earnings beat.

Analyst Ratings Changes

A number of research firms recently commented on NEM. TD raised their price objective on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the company an “outperform” rating in a research note on Thursday. Raymond James Financial reaffirmed an “outperform” rating and set a $140.00 price target on shares of Newmont in a research note on Monday, August 24th. Finally, TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.06.

Newmont Price Performance

Shares of NYSE NEM opened at $113.63 on Friday. Newmont Corporation has a twelve month low of $76.05 and a twelve month 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 company has a market capitalization of $119.73 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.17 and a beta of 0.51. The firm has a 50-day moving average of $122.05 and a two-hundred day moving average of $111.00.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. As a group, analysts expect that Newmont Corporation will post 9.04 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont’s payout ratio is presently 13.13%.

Insider Activity at Newmont

In related news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the sale, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at $14,634,945.51. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 35,973 shares of company stock valued at $3,927,169 over the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont 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.