Newmont Corporation $NEM Shares Newly Acquired by Forest Hill Capital LLC

Forest Hill Capital LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 194,750 shares of the basic materials company’s stock, valued at approximately $22,462,000. Newmont makes up about 15.9% of Forest Hill Capital LLC’s portfolio, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC purchased a new position in shares of Newmont during the 3rd quarter worth approximately $2,445,000. Bayban purchased a new stake in Newmont in the 3rd quarter valued at approximately $35,000. King Luther Capital Management Corp purchased a new stake in Newmont in the 3rd quarter valued at approximately $6,911,000. Winthrop Capital Management LLC acquired a new stake in Newmont during the 3rd quarter valued at $29,000. Finally, New Mexico Educational Retirement Board acquired a new stake in Newmont during the 3rd quarter valued at $6,261,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NEM opened at $118.46 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The company has a market capitalization of $123.10 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.17 and a beta of 0.56. The company’s 50 day simple moving average is $118.61 and its 200 day simple moving average is $112.47. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. Newmont’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.71 earnings per share. On average, sell-side analysts predict that Newmont Corporation will post 9.18 EPS for the current year.

Newmont Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm’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 sale, the chief executive officer owned 131,353 shares in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of Newmont 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 completion of the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,646 shares of company stock worth $2,380,140. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. TD upped 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. Barclays decreased their price objective on Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. RBC Dominion Securities set a $155.00 price objective on Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Finally, Citigroup lifted their price objective on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

About Newmont

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.