Newmont Corporation $NEM Shares Newly Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 164,259 shares of the basic materials company’s stock, valued at approximately $18,946,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Center for Financial Planning Inc. grew its position in Newmont by 6.7% during the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 121 shares in the last quarter. Ballast Rock Private Wealth LLC acquired a new position in Newmont in the 3rd quarter valued at approximately $468,000. Park Avenue Securities LLC acquired a new position in Newmont in the 3rd quarter valued at approximately $8,594,000. Verdence Capital Advisors LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $376,000. Finally, Leslie Global Wealth LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

Shares of NEM opened at $110.33 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The firm has a market cap of $116.26 billion, a PE ratio of 12.83, a PEG ratio of 2.01 and a beta of 0.51. The firm’s 50 day moving average price is $121.66 and its 200 day moving average price is $112.44. Newmont Corporation has a twelve month low of $76.05 and a twelve month high of $135.29.

Newmont (NYSE:NEM) last posted its earnings results 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 in the previous year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s payout ratio is presently 12.09%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. BNP Paribas Exane upped their price target on shares of Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Bank of America increased their price objective on Newmont from $135.00 to $145.00 in a report on Monday, August 17th. The Goldman Sachs Group cut their price objective on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Finally, Scotiabank lifted their price objective on Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.25.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported record third-quarter adjusted earnings of $2.20 per share, beating the $1.94 consensus estimate, while revenue increased 15.2% year over year to $6.36 billion. Strong gold prices near $4,000, improved cost guidance, free cash flow, share buybacks and dividends support the bullish case. Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
• Positive Sentiment: Bank of America reaffirmed its Buy rating, and other analysts remain constructive on Newmont and the materials sector. Longer-term projects, including Fourmile and the Red Chris Block Cave upgrade, could expand the portfolio and lower costs after 2030. Bank of America Reaffirms Buy Rating
• Neutral Sentiment: Investor interest has increased, with Newmont appearing among the stocks most watched by Zacks users. That attention reflects the company’s earnings momentum and gold exposure but is not, by itself, a fundamental catalyst. Newmont Attracting Investor Attention
• Negative Sentiment: Macquarie lowered its price target to $128 from $134, while Morgans Financial downgraded the shares to Accumulate and reduced its target to AU$177. These actions may weigh on sentiment despite continued analyst support. Macquarie Adjusts Newmont Price Target
• Negative Sentiment: Cost pressures remain a key risk. Inflation, higher oil and energy prices, and Ghana’s increased royalty burden could extend cost growth into 2027, potentially limiting margin expansion even if gold prices remain strong. Newmont Nevada NAV Climbs but Cost Creep Continues

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the transaction, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at $14,634,945.51. This represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’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 transaction, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 35,973 shares of company stock valued at $3,927,169. Insiders own 0.06% of the company’s stock.

About Newmont

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.