Keybank National Association OH Buys New Holdings in Newmont Corporation $NEM

Keybank National Association OH bought a new position in Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel.com reports. The fund bought 670,787 shares of the basic materials company’s stock, valued at approximately $77,369,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Newmont during the 2nd quarter valued at $11,289,753,000. State Street Corp boosted its stake in shares of Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock worth $4,893,852,000 after buying an additional 1,565,716 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Newmont by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock worth $1,324,757,000 after buying an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Newmont by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock worth $1,012,792,000 after buying an additional 184,586 shares during the last quarter. Finally, Amundi grew its holdings in shares of Newmont by 4.4% in the first quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock worth $950,519,000 after acquiring an additional 372,415 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Down 4.3%

Shares of NEM stock opened at $119.83 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29. The stock has a market cap of $124.52 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. The company has a 50 day simple moving average of $118.69 and a two-hundred day simple moving average of $112.50.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share 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 business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the company posted $1.71 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $116.00 in a research report on Thursday, October 22nd. Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a report on Monday, August 3rd. RBC Dominion Securities set a $155.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Finally, Raymond James Financial restated an “outperform” rating and set a $140.00 price target (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% 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 that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at $10,986,695.64. This represents a 3.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 20,646 shares of company stock valued at $2,380,140. Company insiders own 0.06% of the company’s stock.

Newmont Company Profile

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.