NorthCrest Asset Manangement LLC Acquires New Holdings in Newmont Corporation $NEM

NorthCrest Asset Manangement LLC bought a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,006 shares of the basic materials company’s stock, valued at approximately $609,000.

A number of other institutional investors have also made changes to their positions in NEM. Harbor Capital Advisors Inc. increased its holdings in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 139 shares during the last quarter. Concord Wealth Partners grew its stake in shares of Newmont by 534.7% in the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock valued at $27,000 after buying an additional 385 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in Newmont by 408.2% during the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Newmont during the 3rd quarter valued at about $44,000. Finally, Capital A Wealth Management LLC increased its stake in Newmont by 1,648.3% during the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Seeking Alpha reiterates a “Strong Buy” thesis, citing robust gold and copper price tailwinds, superior margins and undervaluation on forward P/E and PEG metrics — the report argues structural copper shortages and central bank gold demand create durable upside for Newmont. Article Title
• Positive Sentiment: DZ Bank upgraded Newmont to “strong-buy,” adding fresh analyst support that could attract momentum buying and validate the bullish earnings/cash-flow outlook. Article Title
• Positive Sentiment: 247WallStreet includes Newmont among gold miners with potential upside in 2026, reinforcing the narrative that sustained higher gold prices benefit Newmont’s revenue and margins. Article Title
• Neutral Sentiment: Zacks runs pieces highlighting the sector and comparing Barrick vs. Newmont; these note both firms benefit from gold’s rally but underscore differences in project exposure and capital allocation — useful context but not an immediate catalyst. Article Title
• Neutral Sentiment: Zacks also published a thematic piece on taking advantage of basic materials stocks using the Earnings ESP—helpful for traders hunting earnings surprises but not specific to Newmont’s near-term fundamentals. Article Title
• Neutral Sentiment: A comparative piece examines Triple Flag Precious Metals vs. Newmont — useful for relative-valuation and strategy discussions but not a direct negative for Newmont. Article Title

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Scotiabank raised shares of Newmont from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $71.50 to $114.00 in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Citigroup restated a “buy” rating on shares of Newmont in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $99.49.

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the sale, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,160 shares of company stock valued at $767,206 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Newmont Stock Performance

Shares of NEM opened at $118.88 on Thursday. The company has a market capitalization of $129.73 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. Newmont Corporation has a 52-week low of $40.85 and a 52-week high of $121.45. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $99.20 and a 200 day moving average price of $83.88.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s revenue was up 20.0% compared to the same quarter last year. Research analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

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.