Steadtrust LLC Sells 5,950 Shares of Newmont Corporation $NEM

Steadtrust LLC reduced its position in Newmont Corporation (NYSE:NEM) by 38.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,486 shares of the basic materials company’s stock after selling 5,950 shares during the quarter. Steadtrust LLC’s holdings in Newmont were worth $947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NEM. GoalVest Advisory LLC purchased a new position in shares of Newmont during the 4th quarter valued at $25,000. Lodestone Wealth Management LLC purchased a new position in shares of Newmont during the 4th quarter valued at $28,000. Rosenberg Matthew Hamilton lifted its position in shares of Newmont by 308.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after buying an additional 236 shares during the last quarter. Finally, PMV Capital Advisers LLC purchased a new position in shares of Newmont during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity

In related news, insider David James Fry sold 18,394 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president owned 52,315 shares of the company’s stock, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 24,394 shares of company stock valued at $2,713,281. 0.06% of the stock is owned by company insiders.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector momentum: Coverage notes that rising gold prices, easing geopolitical tensions and Newmont’s consistent earnings beats have driven renewed investor interest and a strong 7‑day share gain, underpinning valuation support for the stock. Valuation Check After Gold Rebound
• Positive Sentiment: Analyst consensus is favorable: Market data show an average analyst recommendation of “Buy” from ~22 firms, which supports demand and reduces downside risk from negative analyst revisions. Given Average Rating of Buy
• Positive Sentiment: High‑profile media endorsement: Jim Cramer mentioned Newmont positively as part of a gold/portfolio conversation, which can drive retail interest and incremental flows. Jim Cramer Discusses Newmont
• Neutral Sentiment: Repeated buy‑rating reports: Multiple outlets are reporting the same broker consensus (Buy), reinforcing the message but adding limited new information for investors. Given Average Recommendation of Buy
• Negative Sentiment: Short‑term pullback: Recent headlines note the stock dipped in the latest session (around a ~1% decline), signaling some profit‑taking or sector rotation even as the longer‑term trend remains up. Stock Sinks As Market Gains
• Negative Sentiment: Underperformance vs. peers: MarketWatch flagged that Newmont underperformed its competitors on Monday, a sign investors should watch relative operational/commodity exposure and news flow from peers. Stock Underperforms Competitors
• Negative Sentiment: Insider selling: A Newmont EVP sold shares under a 10b5‑1 plan (reported ~3,000 shares / ~$339k disclosed), which can be read as routine liquidity or cause short‑term concern; investors should check the timing and whether sales are pre‑planned. EVP Sells Shares Under 10b5‑1

Newmont Price Performance

Shares of NYSE NEM opened at $114.48 on Wednesday. The stock has a market cap of $123.63 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.46. Newmont Corporation has a fifty-two week low of $44.39 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The stock has a fifty day moving average of $115.61 and a 200-day moving average of $102.15.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Equities research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce dropped their price target on Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Macquarie Infrastructure upped their price target on Newmont from $126.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Bank of America upped their price target on Newmont from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. UBS Group dropped their target price on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Royal Bank Of Canada increased their target price on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Newmont has a consensus rating of “Moderate Buy” and an average price target of $133.78.

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.