10,663 Shares of Newmont Corporation $NEM Bought by Moneco Advisors LLC

Moneco Advisors LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 10,663 shares of the basic materials company’s stock, valued at approximately $1,230,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Newmont during the 3rd quarter valued at $464,000. Lido Advisors LLC bought a new stake in shares of Newmont during the 3rd quarter worth $5,045,000. Keybank National Association OH acquired a new position in shares of Newmont in the 3rd quarter worth $77,369,000. Elevated Capital Advisors LLC acquired a new position in shares of Newmont in the 3rd quarter worth $440,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Newmont during the third quarter worth $346,000. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Newmont

In other 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 transaction, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction, the executive vice president owned 31,315 shares in the company, valued at $3,383,272.60. This represents a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group upped their target price on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Sanford C. Bernstein lifted their price target on Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. National Bank Financial cut their price objective on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Finally, Scotiabank reduced their price objective on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. Two 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 an average rating of “Moderate Buy” and an average price target of $137.20.

Newmont Trading Down 1.3%

Newmont stock opened at $118.46 on Thursday. The company has a 50 day moving average price of $118.61 and a 200 day moving average price of $112.47. 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 has a market capitalization of $123.10 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 2.17 and a beta of 0.56.

Newmont (NYSE:NEM) last posted its quarterly earnings data 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 firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the company posted $1.71 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts forecast that Newmont Corporation will post 9.18 EPS for the current year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given 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 dividend payout ratio (DPR) is 12.09%.

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.