Moody National Bank Trust Division Decreases Stake in Newmont Corporation $NEM

Moody National Bank Trust Division reduced its position in Newmont Corporation (NYSE:NEM) by 21.0% during the fourth quarter, HoldingsChannel reports. The fund owned 20,373 shares of the basic materials company’s stock after selling 5,427 shares during the quarter. Moody National Bank Trust Division’s holdings in Newmont were worth $2,034,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. Norges Bank bought a new position in Newmont in the 2nd quarter worth approximately $919,170,000. Invesco Ltd. grew its position in shares of Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after purchasing an additional 4,839,447 shares in the last quarter. Legal & General Group Plc boosted its stake in Newmont by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock worth $687,223,000 after purchasing an additional 711,940 shares during the period. Boston Partners increased its position in shares of Newmont by 49.3% during the third quarter. Boston Partners now owns 6,931,710 shares of the basic materials company’s stock valued at $585,828,000 after buying an additional 2,288,653 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Newmont by 33.8% in the third quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock worth $414,270,000 after buying an additional 1,244,845 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NEM shares. Macquarie Infrastructure raised their price target on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. UBS Group lowered their price objective on Newmont from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. BMO Capital Markets reduced their target price on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $134.10.

Insiders Place Their Bets

In other Newmont news, insider David James Fry sold 18,394 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the sale, the insider directly owned 17,147 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $108.00, for a total transaction of $324,000.00. Following the sale, the executive vice president owned 55,315 shares of the company’s stock, valued at approximately $5,974,020. The trade was a 5.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.05% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks compares NEM favorably to Kinross, noting both companies are executing projects, generating stronger cash flow and seeing upward earnings revisions — a constructive fundamental backdrop for Newmont. NEM vs. KGC: Which Gold Mining Stock Is a Better Pick Now?
• Positive Sentiment: Zacks highlights stocks with positive earnings momentum and promotes its Earnings ESP screening — NEM appears in coverage as a name benefiting from upward earnings revisions, which supports valuation and investor interest. Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Basic Materials Names
• Neutral Sentiment: Zacks runs a broader piece urging investors to use the Earnings ESP tool to spot potential surprises; useful for traders but not a specific catalyst for NEM on its own. Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
• Neutral Sentiment: Increased search and attention on Newmont from retail and research audiences — elevated interest can raise liquidity and volatility but is not a direct fundamental change. Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know
• Negative Sentiment: Macro/geopolitical headlines (escalation in the Middle East) plus market expectations for higher rates have coincided with weaker gold prices and have pressured Newmont’s share performance in recent weeks. The article notes notable 7- and 30-day declines in the stock. A Look At Newmont (NEM) Valuation As Geopolitics And Rate Expectations Pressure Gold Miners
• Negative Sentiment: Barron’s highlights that plunging gold prices have erased YTD gains and are weighing on mining stocks, reinforcing downside risk to earnings and cash flow if metal prices remain weak. Newmont, Freeport Stocks Drop. Diving Gold Prices Will Continue to Smash Miners.
• Negative Sentiment: An NEM executive sold ~$324,000 of stock — an insider sale that can be perceived negatively by some investors, though size and context matter. Newmont (NYSE:NEM) EVP Sells $324,000.00 in Stock
• Negative Sentiment: Scotiabank trimmed its price target for Newmont to $151, a reduction in forward sentiment that could weigh on investor expectations (the new PT remains above current levels but reflects moderated upside). Scotiabank Cuts Newmont (NYSE:NEM) Price Target to $151.00

Newmont Trading Up 0.8%

Shares of NEM stock opened at $98.96 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $107.66 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The business has a 50-day moving average price of $117.82 and a two-hundred day moving average price of $100.06. Newmont Corporation has a 12-month low of $42.93 and a 12-month high of $134.88.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The company had revenue of $6.82 billion for 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%.Newmont’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. Equities analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

Newmont Profile

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.