Kestra Advisory Services LLC Purchases 13,684 Shares of Newmont Corporation $NEM

Kestra Advisory Services LLC increased its position in Newmont Corporation (NYSE:NEM) by 32.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 55,520 shares of the basic materials company’s stock after purchasing an additional 13,684 shares during the period. Kestra Advisory Services LLC’s holdings in Newmont were worth $6,010,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Newmont by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company’s stock worth $13,390,613,000 after buying an additional 637,996 shares during the period. State Street Corp lifted its position in Newmont by 1.0% during the 4th quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after acquiring an additional 480,223 shares during the period. Van ECK Associates Corp boosted its stake in Newmont by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock worth $2,973,539,000 after acquiring an additional 5,643,496 shares in the last quarter. Geode Capital Management LLC boosted its stake in Newmont by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock worth $2,738,756,000 after acquiring an additional 946,824 shares in the last quarter. Finally, Norges Bank purchased a new stake in Newmont in the fourth quarter worth about $1,443,128,000. Institutional investors own 68.85% of the company’s stock.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total transaction of $277,140.00. Following the transaction, the executive vice president directly owned 43,315 shares of the company’s stock, valued at $4,001,439.70. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing 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, insider David John Thornton sold 2,296 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the transaction, the insider owned 23,163 shares in the company, valued at approximately $2,550,477.93. This trade represents a 9.02% decrease in their ownership of the stock. 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 three months. 0.06% of the stock is currently owned by company insiders.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD Securities upgraded Newmont from hold to strong-buy, while TD Cowen also raised the stock to buy on attractive valuation after its pullback, reinforcing the view that shares may be oversold. Analyst upgrade coverage
• Positive Sentiment: Several research notes still point to meaningful upside, including price targets near or above the current share price, which suggests Wall Street sees value despite recent weakness. Yahoo Finance article on cheap blue chip stock view
• Positive Sentiment: Newmont’s long-term investment case remains supported by growth projects, strong cash flow, and share buybacks, which could help the stock if gold prices stabilize. Zacks article on Newmont stock slides
• Neutral Sentiment: One note highlighted Newmont as an important gold-sector bellwether, keeping the stock closely tied to broader moves in bullion and mining sentiment. Kalkine Media article
• Negative Sentiment: Recent articles emphasize that NEM has fallen about 16% over the past three months as gold prices weakened, weighing on near-term sentiment. Zacks article on recent stock decline
• Negative Sentiment: Another Zacks note warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital, and inventory changes, which could pressure margins. Zacks article on margins and costs

Newmont Price Performance

Shares of NYSE NEM opened at $95.18 on Thursday. The firm has a market cap of $101.61 billion, a P/E ratio of 12.35, a PEG ratio of 1.08 and a beta of 0.46. Newmont Corporation has a twelve month low of $56.73 and a twelve month high of $134.88. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $103.30 and a 200 day moving average of $110.45.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company earned $1.25 EPS. Newmont’s revenue for the quarter was up 45.8% on a year-over-year basis. As a group, research analysts expect that Newmont Corporation will post 9.32 EPS for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed 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 of this dividend was Wednesday, May 27th. Newmont’s payout ratio is presently 13.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NEM shares. TD raised shares of Newmont from a “hold” rating to a “buy” rating and decreased their target price for the company from $129.00 to $127.00 in a research note on Tuesday. Canaccord Genuity Group upped their price target on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Bank of America reduced their price objective on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Scotiabank lowered their price objective on Newmont from $151.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce set a $175.00 target price on Newmont and gave the stock an “outperform” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Newmont currently has an average rating of “Buy” and an average price target of $136.26.

Newmont Company 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.