Tobam trimmed its holdings in shares of Newmont Corporation (NYSE:NEM – Free Report) by 61.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,777 shares of the basic materials company’s stock after selling 43,338 shares during the period. Tobam’s holdings in Newmont were worth $2,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. boosted its position in Newmont by 327.8% during the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Evermay Wealth Management LLC increased its position in shares of Newmont by 408.2% during the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Capital A Wealth Management LLC raised its stake in shares of Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new stake in shares of Newmont in the 2nd quarter valued at approximately $31,000. Finally, Country Trust Bank acquired a new stake in shares of Newmont in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 68.85% of the company’s stock.
Newmont Price Performance
Shares of NEM opened at $125.91 on Monday. The company’s 50-day moving average is $110.21 and its 200-day moving average is $91.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The firm has a market capitalization of $137.40 billion, a PE ratio of 19.55, a PEG ratio of 1.05 and a beta of 0.40. Newmont Corporation has a fifty-two week low of $41.23 and a fifty-two week high of $134.88.
Analyst Ratings Changes
Check Out Our Latest Analysis on NEM
Key Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Gold rally is cited as the direct trigger for the rally in Newmont shares — bullion strength typically lifts Newmont’s revenue and margins. Why Newmont Corporation Stock Popped Today
- Positive Sentiment: Newmont has surged ~73% in six months on record gold prices and project progress, which supports investor sentiment and multiple expansion. Newmont Surges 73% in 6 Months: Buy, Sell or Hold the Stock?
- Positive Sentiment: Analysts expect earnings growth for the quarter, raising the probability of an earnings beat and giving upside risk into the report. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
- Positive Sentiment: Zacks style/momentum analyses highlight Newmont as a strong momentum stock, which can attract trend-following and quant flows. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
- Neutral Sentiment: Bank of America slightly trimmed its price target to $134 but kept a Buy rating — a modest model tweak that signals continued analyst support rather than a negative reassessment. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
- Neutral Sentiment: Zacks’ deeper look at Q4 metrics beyond revenue/EPS identifies items (production, AISC, by‑product credits) that could drive post‑earnings reaction — watch those line items. Exploring Analyst Estimates for Newmont (NEM) Q4 Earnings, Beyond Revenue and EPS
- Neutral Sentiment: Reminder: Newmont is projected to report quarterly results this week; the print and any guidance will likely be the next major catalyst. Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
- Negative Sentiment: Separately, Newmont underperformed some peers on Thursday, highlighting that relative performance risk exists even amid a gold rally. Newmont Corp. stock underperforms Thursday when compared to competitors
Insiders Place Their Bets
In other news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This 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 can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.
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.
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