Hudson Canyon Capital Management Purchases New Shares in Newmont Corporation $NEM

Hudson Canyon Capital Management purchased a new position in Newmont Corporation (NYSE:NEM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,300 shares of the basic materials company’s stock, valued at approximately $2,197,000.

Other large investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new position in Newmont in the 4th quarter valued at about $25,000. Pinnacle Bancorp Inc. purchased a new stake in Newmont during the 1st quarter worth approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in shares of Newmont during the first quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in shares of Newmont during the fourth quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Newmont in the third quarter valued at approximately $27,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD upgraded Newmont from hold to buy and set a $127 price target, signaling improved confidence in the stock’s outlook. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its target on Newmont to $147 from $151 but kept a sector outperform rating, so the call remains constructive despite a smaller valuation view. Benzinga
• Neutral Sentiment: National Bank Financial cut its price target to $125 from $140 and maintained a sector perform rating, reflecting a more cautious stance on upside. BayStreet.CA analyst ratings
• Negative Sentiment: A Zacks article warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital and inventory changes, which could pressure margins. Zacks margin outlook article

Insider Buying and Selling

In other news, insider David John Thornton sold 2,296 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider owned 23,163 shares of the company’s stock, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their position. The sale 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 Wexler sold 13,378 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This represents a 16.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 28,556 shares of company stock worth $3,058,146 in the last quarter. 0.06% of the stock is currently owned by insiders.

Newmont Price Performance

NEM stock opened at $94.69 on Wednesday. Newmont Corporation has a 1 year low of $55.37 and a 1 year high of $134.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The firm has a market capitalization of $101.08 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.46. The business has a 50 day simple moving average of $103.70 and a 200-day simple moving average of $110.52.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm’s revenue was up 45.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. Equities research analysts anticipate that Newmont Corporation will post 9.32 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 27th. Newmont’s payout ratio is currently 13.49%.

Wall Street Analyst Weigh In

NEM has been the subject of several research reports. Zacks Research upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Barclays began coverage on Newmont in a report on Thursday, May 21st. They issued an “overweight” rating and a $133.00 price objective on the stock. Scotiabank lowered their target price on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Canaccord Genuity Group upped their target price on shares of Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $136.64.

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.