31,701 Shares in Newmont Corporation $NEM Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,701 shares of the basic materials company’s stock, valued at approximately $3,460,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NEM. Cedar Mountain Advisors LLC bought a new position in Newmont during the first quarter worth $25,000. GoalVest Advisory LLC purchased a new stake in Newmont in the 3rd quarter valued at $28,000. Financial Management Professionals Inc. purchased a new stake in shares of Newmont in the third quarter valued at about $30,000. Clearstead Trust LLC bought a new position in shares of Newmont during the 2nd quarter worth approximately $25,000. Finally, Signature Equity Partners LLC bought a new stake in Newmont during the third quarter worth $32,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 directly owned 131,353 shares in the company, valued at $16,156,419. This represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is owned by company insiders.

Newmont Stock Down 0.1%

Shares of NYSE:NEM opened at $120.82 on Monday. The firm has a fifty day moving average price of $118.87 and a two-hundred day moving average price of $112.48. 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 Corporation has a one year low of $81.34 and a one year high of $135.29. The company has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s payout ratio is presently 12.09%.

Wall Street Analysts Forecast Growth

NEM has been the topic of several research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up from $131.00) on shares of Newmont in a research report on Monday, August 24th. Canaccord Genuity Group reduced their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Sanford C. Bernstein lifted their target price on shares of Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Jefferies Financial Group boosted their price target on shares of Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Finally, Canadian Imperial Bank of Commerce set a $154.00 price target on shares of Newmont in a research note on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont News Roundup

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

Newmont Profile