Newmont Corporation $NEM Shares Newly Purchased by Hager Investment Management Services LLC

Hager Investment Management Services LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,821 shares of the basic materials company’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avion Wealth purchased a new position in Newmont in the 3rd quarter worth approximately $33,000. Hohimer Wealth Management LLC bought a new position in Newmont in the 3rd quarter valued at approximately $695,000. University of Texas Texas AM Investment Management Co. bought a new position in Newmont in the 3rd quarter valued at approximately $71,000. Almanack Investment Partners LLC. purchased a new stake in Newmont during the 3rd quarter valued at $545,000. Finally, Euro Pacific Asset Management LLC purchased a new stake in Newmont during the 3rd quarter valued at $46,477,000. 68.85% of the stock is currently owned by institutional investors.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Analysts Set New Price Targets

NEM has been the subject of a number of research analyst reports. Barclays reduced their target price on Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, October 19th. The Goldman Sachs Group lowered their price target on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. TD increased their price objective on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Scotiabank dropped their price objective on Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Finally, Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Insider Buying and Selling at Newmont

In related news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the sale, the executive vice president owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This trade represents 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 have sold a total of 20,646 shares of company stock worth $2,380,140 over the last three months. Insiders own 0.06% of the company’s stock.

Newmont Stock Down 0.1%

Shares of Newmont stock opened at $120.82 on Monday. The company has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56. The company’s 50 day moving average is $118.87 and its 200 day moving average is $112.48. Newmont Corporation has a twelve month low of $81.34 and a twelve month high of $135.29. 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 (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Research analysts anticipate that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

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

Newmont Company Profile