7,495 Shares of Newmont Corporation $NEM Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,495 shares of the basic materials company’s stock, valued at approximately $864,000.

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

Insiders Place Their Bets

In related news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction 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 owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,646 shares of company stock worth $2,380,140 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Newmont Stock Performance

NYSE NEM opened at $119.83 on Wednesday. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The stock has a market capitalization of $124.52 billion, a PE ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. The company’s 50 day simple moving average is $118.69 and its two-hundred day simple moving average is $112.50.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. Analysts predict that Newmont Corporation will post 9.14 earnings per share 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 given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

Analyst Ratings Changes

A number of analysts recently issued reports on NEM shares. National Bank Financial decreased their price objective on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 20th. Canaccord Genuity Group dropped their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada raised their target price on Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Barclays reduced their target price on Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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.