4,600 Shares in Newmont Corporation $NEM Acquired by Gables Capital Management Inc.

Gables Capital Management Inc. bought a new stake in Newmont Corporation (NYSE:NEM) in the 3rd quarter, HoldingsChannel reports. The fund bought 4,600 shares of the basic materials company’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Newmont during the second quarter worth $11,289,753,000. State Street Corp boosted its position in shares of Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock worth $4,893,852,000 after purchasing an additional 1,565,716 shares in the last quarter. Van ECK Associates Corp purchased a new position in Newmont during the 2nd quarter worth $671,197,000. Bank of New York Mellon Corp purchased a new position in Newmont during the 2nd quarter worth $1,219,505,000. Finally, First Eagle Investment Management LLC purchased a new position in Newmont during the 2nd quarter worth $241,820,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NEM shares. Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a research report on Monday, August 3rd. Sanford C. Bernstein raised their price target on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Royal Bank Of Canada boosted their price target on Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $154.00 price target on Newmont in a research note on Friday, October 16th. Finally, Weiss Ratings upgraded shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont Price Performance

Shares of NYSE:NEM opened at $119.83 on Wednesday. Newmont Corporation has a twelve month low of $81.34 and a twelve month high of $135.29. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. The company has a market cap of $124.52 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.56. The company’s 50 day moving average is $118.69 and its 200 day moving average is $112.50.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.94 by $0.26. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 EPS. On average, sell-side analysts forecast that Newmont Corporation will post 9.14 EPS for the current 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 paid a $0.26 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio is presently 12.09%.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This 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 can be accessed 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 the company’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 $324,120.00. Following the completion of the sale, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% 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. In the last three months, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

Newmont Company 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.