United Advisor Group LLC increased its holdings in shares of Newmont Corporation (NYSE:NEM – Free Report) by 52.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,943 shares of the basic materials company’s stock after purchasing an additional 4,800 shares during the quarter. United Advisor Group LLC’s holdings in Newmont were worth $1,392,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Apella Capital LLC boosted its holdings in Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock worth $219,000 after purchasing an additional 86 shares during the last quarter. New Wave Wealth Advisors LLC boosted its holdings in Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock worth $684,000 after purchasing an additional 88 shares during the last quarter. Norden Group LLC boosted its holdings in Newmont by 0.7% during the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after purchasing an additional 90 shares during the last quarter. Brown Miller Wealth Management LLC boosted its holdings in Newmont by 2.7% during the fourth quarter. Brown Miller Wealth Management LLC now owns 4,268 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 113 shares during the last quarter. Finally, Colonial Trust Advisors raised its position in Newmont by 20.8% during the third quarter. Colonial Trust Advisors now owns 684 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.
Newmont Price Performance
Shares of NEM opened at $113.22 on Thursday. The firm has a market capitalization of $122.27 billion, a PE ratio of 17.72, a PEG ratio of 0.91 and a beta of 0.46. The company’s 50-day moving average is $115.38 and its 200-day moving average is $103.43. Newmont Corporation has a fifty-two week low of $48.27 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.
Newmont Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s payout ratio is currently 16.28%.
Trending Headlines about Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Seeking Alpha reiterates a “Strong Buy” thesis, highlighting disciplined capital allocation, shareholder-friendly payout framework and large reserve base that support free cash flow and upside if gold prices hold. Newmont Is Simpler, Richer, And Still Mispriced
- Positive Sentiment: Zacks and other outlets note elevated investor attention and reiterate the key fundamentals (profitability, cash flow and low leverage) that underpin longer-term investor interest. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Yahoo Finance asks whether the post-104% one?year rally leaves upside limited, framing the decision as one of what the current price already discounts — useful for investors re-evaluating risk/reward. Is It Too Late To Reassess Newmont (NEM) After Its 104% One Year Surge?
- Neutral Sentiment: AAII and other retail-oriented pieces provide balanced takes on whether NEM fits long-term portfolios given valuation, yield and commodity exposure — helpful background but unlikely to move the stock by itself. Is Newmont Corporation (NEM) Stock a Good Investment?
- Negative Sentiment: Mining.com and MSN report Newmont has halted/suspended operations at the Cadia gold mine after an earthquake — an operational disruption that can pressure near-term production, revenues and sentiment until inspections and restart timelines are clear. Newmont halts Cadia gold mine after earthquake Newmont suspends operations at Cadia gold mine after earthquake
Insider Activity
In other news, insider David James Fry sold 18,394 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares of the company’s stock, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total transaction of $339,270.00. Following the completion of the transaction, the executive vice president directly owned 52,315 shares in the company, valued at $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,394 shares of company stock worth $2,713,281 over the last three months. Insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. TD Securities dropped their price target on shares of Newmont from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Tuesday, March 3rd. UBS Group dropped their price target on shares of Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. The Goldman Sachs Group upped their price target on shares of Newmont from $122.30 to $123.20 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Finally, Scotiabank dropped their price target on shares of Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.91.
Check Out Our Latest Analysis on NEM
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.
See Also
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