Eurizon Capital SGR S.p.A. Purchases 1,238,025 Shares of Newmont Corporation $NEM

Eurizon Capital SGR S.p.A. acquired a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, Holdings Channel.com reports. The fund acquired 1,238,025 shares of the basic materials company’s stock, valued at approximately $143,153,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Newmont during the 2nd quarter worth about $11,289,753,000. State Street Corp boosted its holdings in Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after acquiring an additional 1,565,716 shares during the period. Van ECK Associates Corp acquired a new position in Newmont in the 2nd quarter valued at about $671,197,000. Bank of New York Mellon Corp acquired a new position in Newmont in the 2nd quarter valued at about $1,219,505,000. Finally, First Eagle Investment Management LLC acquired a new position in Newmont in the 2nd quarter valued at about $241,820,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the sale, the chief executive officer directly owned 101,691 shares in the company, valued at approximately $10,986,695.64. This 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 the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. This trade 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. Insiders have sold 20,646 shares of company stock worth $2,380,140 over the last 90 days. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NEM shares. Sanford C. Bernstein increased their price target on shares of Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. Weiss Ratings raised shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. BMO Capital Markets lifted their price objective on shares of Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. Argus set a $110.00 target price on shares of Newmont and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Bank of America upped their target price on shares of Newmont from $135.00 to $145.00 in a research note 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Newmont Trading Down 5.0%

NEM opened at $112.57 on Friday. The business has a fifty day moving average price of $118.36 and a 200 day moving average price of $112.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29. The stock has a market capitalization of $116.98 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.58 and a beta of 0.56.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. Sell-side analysts expect that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given 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 payout ratio is currently 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.