5,446 Shares of Newmont Corporation $NEM Bought by Claro Advisors Inc.

Claro Advisors Inc. acquired a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,446 shares of the basic materials company’s stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NEM. Hourglass Capital LLC bought a new position in Newmont in the 3rd quarter valued at about $13,066,000. Hennessy Advisors Inc. acquired a new stake in shares of Newmont during the 3rd quarter worth approximately $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Newmont during the 3rd quarter worth approximately $814,000. Greenleaf Trust bought a new position in Newmont in the third quarter valued at approximately $3,043,000. Finally, BOCHK Asset Management Ltd bought a new position in Newmont in the third quarter valued at approximately $3,068,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the subject of several recent analyst reports. Scotiabank cut their target price on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. The Goldman Sachs Group decreased their price target on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. Finally, Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the sale, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at $10,986,695.64. The trade was a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the transaction, the executive vice president owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is owned by corporate insiders.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Trading Up 0.9%

Newmont stock traded up $1.11 during trading hours on Friday, hitting $120.82. The stock had a trading volume of 7,881,830 shares, compared to its average volume of 5,960,770. The business’s 50 day simple moving average is $118.87 and its 200-day simple moving average is $112.48. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The stock has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.99 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 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business posted $1.71 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

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 dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Newmont Profile