Asset One Wealth Management LLC Purchases 45,742 Shares of Newmont Corporation $NEM

Asset One Wealth Management LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,742 shares of the basic materials company’s stock, valued at approximately $5,276,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Hourglass Capital LLC bought a new stake in shares of Newmont in the 3rd quarter worth $13,066,000. Hennessy Advisors Inc. acquired a new position in shares of Newmont in the third quarter valued at about $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of Newmont during the third quarter worth approximately $814,000. Greenleaf Trust purchased a new position in Newmont during the 3rd quarter valued at about $3,043,000. Finally, BOCHK Asset Management Ltd purchased a new position in Newmont during the 3rd quarter worth approximately $3,068,000. 68.85% of the stock is owned by institutional investors.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Price Performance

Shares of NYSE:NEM opened at $120.82 on Friday. The firm has a market cap of $125.55 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. 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’s fifty day moving average is $118.87 and its 200-day moving average is $112.48.

Newmont (NYSE:NEM) last posted its 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. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

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

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, November 2nd. The shares were 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 of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the completion of the transaction, the chief executive officer directly owned 131,353 shares in the company, valued at approximately $16,156,419. This represents a 2.87% 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. Insiders have sold a total of 20,646 shares of company stock worth $2,380,140 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Canadian Imperial Bank of Commerce set a $154.00 price objective on Newmont in a research note on Friday, October 16th. Jefferies Financial Group upped their price target on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Freedom Broker lowered Newmont from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $116.00 in a research note on Thursday, October 22nd. Finally, BNP Paribas Exane raised their target price on Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

About Newmont