Generali Asset Management SPA SGR Purchases New Shares in Newmont Corporation $NEM

Generali Asset Management SPA SGR purchased a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 791,927 shares of the basic materials company’s stock, valued at approximately $91,341,000. Newmont accounts for approximately 1.6% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Jacobsen Capital Management acquired a new position in shares of Newmont during the third quarter worth about $398,000. Asset Management One Co. Ltd. acquired a new position in Newmont during the 3rd quarter worth approximately $58,416,000. Latitude Advisors LLC acquired a new position in Newmont during the 3rd quarter worth approximately $77,000. SYM FINANCIAL Corp acquired a new position in Newmont during the 3rd quarter worth approximately $566,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Newmont during the 3rd quarter worth approximately $70,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s shares gained in European trading, indicating continued market interest and momentum in the stock. Newmont Corp stock gains 3.30 percent above its Xetra close
• Positive Sentiment: Scotiabank maintained a “sector outperform” rating and still sees substantial upside, despite trimming its price target modestly to $148 from $149. The bullish rating supports the view that Newmont’s production recovery and gold exposure remain attractive. Scotiabank Newmont price target
• Neutral Sentiment: Recent coverage describes Newmont as emerging from a production trough, while cautioning that gold prices have retreated from their highs. The improving production outlook is supportive, but weaker commodity prices could limit earnings momentum. Newmont emerging from production trough
• Neutral Sentiment: Newmont is attracting elevated investor and retail-investor attention, which may increase trading activity but does not by itself change the company’s fundamentals. Newmont attracting investor attention
• Negative Sentiment: Analysts highlighted inflation, higher energy prices and Ghana’s increased royalty burden as ongoing cost pressures. Although Nevada’s net asset value is improving, these expenses could weigh on 2027 margins. Longer-term projects such as Fourmile and the Red Chris Block Cave upgrade provide potential cost and production benefits after 2030. Newmont Nevada NAV climbs but cost creep continues
• Negative Sentiment: Macquarie lowered its price target to $128 from $134, while Morgans Financial downgraded the shares to “accumulate” and reset its Australian-dollar target. These revisions signal more cautious expectations, even though targets remain above the current trading level. Macquarie adjusts Newmont price target

Wall Street Analyst Weigh In

Several analysts have recently commented on NEM shares. BMO Capital Markets raised their price target on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. National Bank Financial dropped their price objective on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. TD Cowen cut their price objective on Newmont from $133.00 to $131.00 in a research report on Tuesday, October 20th. Finally, TD raised their target price on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the sale, the executive vice president directly owned 34,315 shares in the company, valued at $3,939,705.15. The trade was a 8.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the sale, the chief executive officer directly owned 127,471 shares in the company, valued at approximately $14,634,945.51. The trade was a 2.96% 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 have sold 35,973 shares of company stock valued at $3,927,169. Insiders own 0.06% of the company’s stock.

Newmont Price Performance

Shares of NYSE:NEM opened at $112.69 on Wednesday. The business’s 50 day simple moving average is $121.36 and its 200-day simple moving average is $112.47. Newmont Corporation has a 12 month low of $76.05 and a 12 month high of $135.29.

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 analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that Newmont Corporation will post 9.11 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.