Steadtrust LLC Has $947,000 Stock Holdings in Newmont Corporation $NEM

Steadtrust LLC decreased its holdings in shares of Newmont Corporation (NYSE:NEM) by 38.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,486 shares of the basic materials company’s stock after selling 5,950 shares during the period. Steadtrust LLC’s holdings in Newmont were worth $947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Apella Capital LLC boosted its position in shares of Newmont by 4.1% during the 4th quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after purchasing an additional 86 shares in the last quarter. New Wave Wealth Advisors LLC boosted its position in shares of Newmont by 1.3% during the 4th quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 88 shares in the last quarter. Norden Group LLC boosted its position in shares of Newmont by 0.7% during the 4th quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock valued at $1,235,000 after purchasing an additional 90 shares in the last quarter. Colonial Trust Advisors boosted its position in shares of Newmont by 20.8% during the 3rd quarter. Colonial Trust Advisors now owns 684 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 118 shares in the last quarter. Finally, Worth Financial Advisory Group LLC boosted its position in shares of Newmont by 2.5% during the 4th quarter. Worth Financial Advisory Group LLC now owns 5,432 shares of the basic materials company’s stock valued at $542,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector momentum: Coverage notes that rising gold prices, easing geopolitical tensions and Newmont’s consistent earnings beats have driven renewed investor interest and a strong 7‑day share gain, underpinning valuation support for the stock. Valuation Check After Gold Rebound
• Positive Sentiment: Analyst consensus is favorable: Market data show an average analyst recommendation of “Buy” from ~22 firms, which supports demand and reduces downside risk from negative analyst revisions. Given Average Rating of Buy
• Positive Sentiment: High‑profile media endorsement: Jim Cramer mentioned Newmont positively as part of a gold/portfolio conversation, which can drive retail interest and incremental flows. Jim Cramer Discusses Newmont
• Neutral Sentiment: Repeated buy‑rating reports: Multiple outlets are reporting the same broker consensus (Buy), reinforcing the message but adding limited new information for investors. Given Average Recommendation of Buy
• Negative Sentiment: Short‑term pullback: Recent headlines note the stock dipped in the latest session (around a ~1% decline), signaling some profit‑taking or sector rotation even as the longer‑term trend remains up. Stock Sinks As Market Gains
• Negative Sentiment: Underperformance vs. peers: MarketWatch flagged that Newmont underperformed its competitors on Monday, a sign investors should watch relative operational/commodity exposure and news flow from peers. Stock Underperforms Competitors
• Negative Sentiment: Insider selling: A Newmont EVP sold shares under a 10b5‑1 plan (reported ~3,000 shares / ~$339k disclosed), which can be read as routine liquidity or cause short‑term concern; investors should check the timing and whether sales are pre‑planned. EVP Sells Shares Under 10b5‑1

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. BNP Paribas Exane increased their price target on Newmont from $123.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. BMO Capital Markets reduced their price objective on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Canaccord Genuity Group raised their price objective on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group raised their price objective on Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.78.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president owned 52,315 shares in the company, valued at $5,916,303.35. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David James Fry sold 18,394 shares of Newmont stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the sale, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,394 shares of company stock worth $2,713,281 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Up 1.5%

NEM stock opened at $114.48 on Wednesday. Newmont Corporation has a twelve month low of $44.39 and a twelve month high of $134.88. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $115.61 and its 200-day moving average is $102.15. The firm has a market capitalization of $123.63 billion, a PE ratio of 17.91, a P/E/G ratio of 0.88 and a beta of 0.46.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Sell-side analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd were issued a $0.26 dividend. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, March 3rd. Newmont’s dividend payout ratio is 16.28%.

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.