BI Asset Management Fondsmaeglerselskab A S Has $109.87 Million Stake in Newmont Corporation $NEM

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Newmont Corporation (NYSE:NEM) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,303,157 shares of the basic materials company’s stock after selling 14,775 shares during the period. Newmont makes up 1.0% of BI Asset Management Fondsmaeglerselskab A S’s portfolio, making the stock its 12th biggest position. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.12% of Newmont worth $109,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NEM. Norges Bank bought a new position in Newmont during the 2nd quarter worth approximately $919,170,000. Invesco Ltd. raised its holdings in Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares during the period. Legal & General Group Plc boosted its position in shares of Newmont by 6.3% during the second quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock worth $433,236,000 after purchasing an additional 438,748 shares in the last quarter. Boston Partners boosted its position in shares of Newmont by 4,090.7% during the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock worth $272,558,000 after purchasing an additional 4,532,263 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Newmont by 2.7% in the 3rd quarter. National Pension Service now owns 4,354,264 shares of the basic materials company’s stock valued at $367,108,000 after buying an additional 114,949 shares during the period. 68.85% of the stock is owned by institutional investors.

Newmont Stock Down 0.2%

Shares of Newmont stock opened at $116.93 on Thursday. The firm has a market cap of $127.60 billion, a PE ratio of 18.16, a P/E/G ratio of 0.90 and a beta of 0.40. The business’s 50 day simple moving average is $106.20 and its 200 day simple moving average is $88.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. Newmont Corporation has a 52-week low of $41.23 and a 52-week high of $134.88.

Insider Activity

In other news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: National Bankshares raised its price target from $120 to $140 and moved to an “outperform” rating, signaling meaningful upside from current levels. BayStreet Analyst Note
• Positive Sentiment: Morgans issued a positive research note on NEM, providing additional sell-side support. Globe and Mail: Morgans Report
• Positive Sentiment: Zacks and other outlets highlight Newmont’s strong free cash flow ($1.6B) and $5.7B returned via dividends/buybacks, reinforcing the company’s capital-return profile and valuation appeal. Zacks: Cash Flow Story
• Positive Sentiment: Zacks also profiles NEM as a top long-term growth candidate among gold names, and a separate Zacks piece lists Newmont among miners likely to beat Q4 estimates—both supportive for sentiment. Zacks Growth Note Zacks Earnings Preview
• Positive Sentiment: Sector tailwinds: a sharp rebound in gold pushed Newmont higher earlier in the week, and bullish coverage from outlets like Forbes highlights margin strength and low leverage. Benzinga: Gold Rebound Forbes: Rally Analysis
• Neutral Sentiment: Newmont told the ASX it remains compliant with NYSE rules as an ASX foreign-exempt listing — a regulatory/administrative update that reduces execution risk but is unlikely to move the stock materially. TipRanks: ASX Compliance

Analysts Set New Price Targets

Several analysts recently commented on NEM shares. National Bankshares raised their price objective on Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wall Street Zen lowered Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. CIBC reissued an “outperform” rating and set a $177.00 target price on shares of Newmont in a research note on Wednesday. Finally, Bank of America lifted their price target on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmont has a consensus rating of “Buy” and an average price target of $117.11.

About Newmont

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.