Csenge Advisory Group Makes New Investment in Newmont Corporation $NEM

Csenge Advisory Group acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,311 shares of the basic materials company’s stock, valued at approximately $1,189,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cassia Capital Partners LLC purchased a new stake in Newmont during the 3rd quarter valued at about $1,388,000. Gables Capital Management Inc. purchased a new position in shares of Newmont in the third quarter worth about $531,000. D Orazio & Associates Inc. acquired a new stake in shares of Newmont during the third quarter worth about $251,000. New York Life Investment Management LLC acquired a new stake in shares of Newmont during the third quarter worth about $18,123,000. Finally, Gen Wealth Partners Inc acquired a new stake in shares of Newmont during the third quarter worth about $62,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares in the company, valued at approximately $16,156,419. This represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,646 shares of company stock valued at $2,380,140 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. National Bank Financial reduced their price target on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 20th. Canaccord Genuity Group decreased their price objective on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Freedom Broker downgraded shares of Newmont from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $116.00 in a report on Thursday, October 22nd. Finally, The Goldman Sachs Group cut their price objective on shares of Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Stock Performance

Shares of NEM stock opened at $112.57 on Friday. The stock has a market cap of $116.98 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The business has a 50-day simple moving average of $118.36 and a 200-day simple moving average of $112.40. 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 Corporation has a 52-week low of $81.34 and a 52-week high of $135.29.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 earnings per share. On average, equities analysts expect that Newmont Corporation will post 9.18 EPS for the current year.

Newmont Dividend Announcement

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

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.