Newmont Corporation $NEM Stock Bought by Oak Grove Capital LLC

10 Oct 2026, 09:13 by Sarita Garza · The Markets Daily

Oak Grove Capital LLC grew its position in Newmont Corporation (NYSE:NEM – Free Report) by 235.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 47,436 shares of the basic materials company’s stock after purchasing an additional 33,300 shares during the quarter. Oak Grove Capital LLC’s holdings in Newmont were worth $5,471,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NEM. Sound Income Strategies LLC acquired a new position in Newmont in the 3rd quarter worth $360,000. GK Wealth Management LLC bought a new stake in shares of Newmont during the 3rd quarter worth approximately $367,000. Balefire LLC bought a new stake in Newmont during the third quarter worth $1,451,000. Decker Wealth Management LLC acquired a new stake in Newmont in the 3rd quarter valued at about $994,000. Finally, Successful Portfolios LLC bought a new position in shares of Newmont during the 3rd quarter worth approximately $721,000. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the sale, the executive vice president owned 34,315 shares in the company, valued at $3,939,705.15. This represents a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 business’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 value of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,973 shares of company stock valued at $3,927,169 over the last three months. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NEM shares. Scotiabank upped their price target on shares of Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised Newmont from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. UBS Group dropped 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. Finally, Argus set a $110.00 price target on Newmont in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.26.

Check Out Our Latest Stock Report on Newmont

Newmont Price Performance

Shares of NEM opened at $117.93 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. Newmont Corporation has a 52-week low of $76.05 and a 52-week high of $135.29. The business’s 50 day moving average price is $120.83 and its two-hundred day moving average price is $110.29. The firm has a market cap of $124.26 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.51.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same period last year, the company posted $1.43 earnings per share. On average, equities analysts anticipate that Newmont Corporation will post 9.06 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Thursday, September 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is presently 13.13%.

Newmont Company Profile

(Free Report)

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.