Newmont Corporation $NEM Shares Newly Purchased by Ethic Inc.

Ethic Inc. bought a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 40,609 shares of the basic materials company’s stock, valued at approximately $4,684,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Newmont during the second quarter worth approximately $11,289,753,000. State Street Corp lifted its holdings 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 purchasing an additional 1,565,716 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Newmont in the 2nd quarter valued at $671,197,000. Bank of New York Mellon Corp acquired a new stake in Newmont in the 2nd quarter valued at $1,219,505,000. Finally, First Eagle Investment Management LLC bought a new stake in Newmont during the 2nd quarter valued at $241,820,000. 68.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the sale, the executive vice president owned 31,315 shares in the company, valued at $3,383,272.60. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This represents a 3.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 20,646 shares of company stock valued at $2,380,140. Company insiders own 0.06% of the company’s stock.

Newmont Stock Down 4.3%

Shares of NYSE:NEM opened at $119.83 on Wednesday. The business’s 50 day moving average is $118.69 and its 200 day moving average is $112.50. Newmont Corporation has a 12-month low of $81.34 and a 12-month high of $135.29. The stock has a market cap of $124.52 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 2.28 and a beta of 0.56. 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 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. On average, sell-side analysts forecast that Newmont Corporation will post 9.14 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio is presently 12.09%.

Analyst Upgrades and Downgrades

NEM has been the topic of several research reports. Raymond James Financial restated an “outperform” rating and set a $140.00 price objective (up from $131.00) on shares of Newmont in a report on Monday, August 24th. Freedom Broker cut shares of Newmont from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $116.00 in a report on Thursday, October 22nd. Bank of America lifted their price objective on shares of Newmont from $135.00 to $145.00 in a report on Monday, August 17th. The Goldman Sachs Group decreased their target price on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Finally, Barclays lowered their target price on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

About Newmont

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.