Newmont Corporation $NEM Shares Newly Purchased by Nelson Capital Management LLC

Nelson Capital Management LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,590 shares of the basic materials company’s stock, valued at approximately $529,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Hourglass Capital LLC bought a new stake in Newmont in the 3rd quarter valued at about $13,066,000. Hennessy Advisors Inc. purchased a new stake in Newmont during the third quarter valued at about $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in Newmont during the third quarter worth about $814,000. Greenleaf Trust bought a new position in Newmont during the third quarter worth about $3,043,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Newmont during the third quarter worth about $1,769,000. Institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on NEM shares. Barclays lowered their price target on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Freedom Broker downgraded shares of Newmont from a “buy” rating to a “hold” rating and cut their price objective for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price objective (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a research note on Friday, October 16th. Finally, Scotiabank lowered their target price on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’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 completion of the transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the transaction, the chief executive officer owned 101,691 shares of the company’s stock, valued at $10,986,695.64. This trade represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 sold a total of 20,646 shares of company stock worth $2,380,140 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Newmont Price Performance

Shares of NEM traded up $0.37 during midday trading on Friday, hitting $113.01. 4,742,359 shares of the company traded hands, compared to its average volume of 7,137,875. The stock has a 50-day moving average of $118.01 and a 200-day moving average of $112.33. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The firm has a market cap of $117.44 billion, a P/E ratio of 13.14, a PEG ratio of 2.45 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16.

Newmont (NYSE:NEM) last announced its quarterly 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 the consensus estimate of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 earnings per share. As a group, sell-side analysts predict that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Newmont Profile

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.