Crescent Grove Advisors LLC Raises Stock Position in Newmont Corporation $NEM

Crescent Grove Advisors LLC grew its stake in shares of Newmont Corporation (NYSE:NEM) by 39.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,458 shares of the basic materials company’s stock after acquiring an additional 9,705 shares during the period. Crescent Grove Advisors LLC’s holdings in Newmont were worth $3,730,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in Newmont during the 4th quarter valued at $25,000. Pinnacle Bancorp Inc. bought a new position in shares of Newmont during the 1st quarter worth $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of Newmont during the first quarter valued at $25,000. Swiss RE Ltd. purchased a new position in shares of Newmont during the fourth quarter valued at $26,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 1.1%

Shares of NYSE NEM opened at $89.80 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The stock has a market capitalization of $95.86 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.46. Newmont Corporation has a 1-year low of $57.86 and a 1-year high of $134.88. The business has a fifty day moving average price of $102.32 and a 200 day moving average price of $110.20.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Equities research analysts expect that Newmont Corporation will post 9.25 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. 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 note on Tuesday, June 30th. Macquarie Infrastructure cut their target price on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating on the stock in a research report on Monday, June 15th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. TD Cowen reaffirmed a “buy” rating on shares of Newmont in a research report on Monday, April 27th. Finally, Barclays dropped their price objective on shares of Newmont from $133.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.26.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the transaction, the executive vice president owned 43,315 shares of the company’s stock, valued at $4,001,439.70. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This trade represents a 2.64% 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 sold 28,556 shares of company stock worth $3,058,146 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Newmont to $8.80 from $8.73 and kept a Sector Outperform rating with a $147 price target, signaling continued confidence in earnings power and valuation upside.
• Positive Sentiment: Analysts at other firms continue to view Newmont favorably, with coverage highlighting improving operational efficiency, stronger free cash flow, and ongoing share buybacks as potential supports for the stock.
• Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with no injuries or material damage reported, helping ease concerns about operational disruption while the company advances growth projects such as Ahafo North and Tanami Expansion 2.
• Positive Sentiment: Some research notes argue Newmont remains undervalued relative to net asset value and could benefit from permit-driven growth catalysts, including the Red Chris Block Cave project.
• Neutral Sentiment: Newmont is expected to report quarterly earnings next week, and recent commentary suggests the company may have revenue growth ahead, though it may not have the strongest setup for a clear earnings beat.
• Negative Sentiment: Newmont was downgraded by Zacks Research from strong-buy to hold, adding a cautious note ahead of earnings.
• Negative Sentiment: The stock also fell more sharply than the broader market in the latest session, reflecting investor concern about softer gold prices, higher costs, and near-term earnings uncertainty.

Newmont 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.