50,138 Shares of Newmont Corporation $NEM Bought by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,138 shares of the basic materials company’s stock, valued at approximately $5,783,000.

Several other hedge funds have also added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new position in Newmont in the third quarter valued at about $28,000. Financial Management Professionals Inc. bought a new position in shares of Newmont during the 3rd quarter valued at approximately $30,000. Clearstead Trust LLC purchased a new stake in shares of Newmont during the 2nd quarter worth approximately $25,000. Signature Equity Partners LLC purchased a new stake in shares of Newmont during the 3rd quarter worth approximately $32,000. Finally, Kilter Group LLC purchased a new stake in shares of Newmont during the 2nd quarter worth approximately $26,000. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $112.57 on Friday. The stock has a market capitalization of $116.98 billion, a P/E ratio of 13.09, a PEG ratio of 2.58 and a beta of 0.56. 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 firm’s 50 day moving average is $118.36 and its 200 day moving average is $112.40. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS 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 company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the firm earned $1.71 EPS. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is presently 12.09%.

Analyst Upgrades and Downgrades

NEM has been the topic of several research analyst reports. 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. Scotiabank decreased their target price on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. TD Cowen lowered their target price on Newmont from $133.00 to $131.00 in a research note on Tuesday, October 20th. Finally, Royal Bank Of Canada upped their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Tuesday, September 1st. The stock was 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 in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,646 shares of company stock valued at $2,380,140 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

About Newmont

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.