Orange Investment Advisors Inc. Buys New Shares in Newmont Corporation $NEM

Orange Investment Advisors Inc. acquired a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel.com reports. The firm acquired 39,992 shares of the basic materials company’s stock, valued at approximately $4,613,000.

A number of other large investors also recently bought and sold shares of NEM. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Newmont in the 3rd quarter valued at about $814,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Newmont during the 2nd quarter valued at $36,180,000. Asset One Wealth Management LLC acquired a new stake in shares of Newmont during the second quarter valued at about $2,866,000. Private Advisory Group LLC acquired a new stake in Newmont during the 2nd quarter valued at approximately $10,430,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Newmont in the third quarter worth $1,769,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Newmont Trading Down 0.1%

Shares of NYSE:NEM opened at $108.72 on Monday. The company has a market cap of $112.98 billion, a PE ratio of 12.64, a P/E/G ratio of 2.01 and a beta of 0.51. The company’s 50-day moving average price is $121.86 and its 200 day moving average price is $110.97. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. Sell-side analysts anticipate that Newmont Corporation will post 9.07 earnings per share for the current 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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEM shares. Barclays cut their price objective on Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Royal Bank Of Canada lifted their price target on shares of Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. UBS Group lowered their price objective on shares of Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. TD Cowen dropped their price objective on shares of Newmont from $133.00 to $131.00 in a research note on Tuesday, October 20th. Finally, Jefferies Financial Group raised their target price on shares of Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Two 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.25.

Insider Buying and Selling at Newmont

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president directly owned 34,315 shares of the company’s stock, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their position. 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 have sold 35,973 shares of company stock valued at $3,927,169 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

About Newmont

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.