Simplicity Wealth LLC Makes New $1.79 Million Investment in Newmont Corporation $NEM

Simplicity Wealth LLC bought a new position in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,547 shares of the basic materials company’s stock, valued at approximately $1,793,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accel Wealth Management grew its stake in Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 115 shares during the last quarter. Compound Planning Inc. lifted its position in shares of Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock valued at $2,294,000 after buying an additional 121 shares during the last quarter. Zhang Financial LLC boosted its holdings in shares of Newmont by 0.8% in the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock valued at $1,707,000 after buying an additional 124 shares in the last quarter. Heartland Bank & Trust Co boosted its holdings in shares of Newmont by 3.0% in the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock valued at $469,000 after buying an additional 127 shares in the last quarter. Finally, Bridgewater Advisors Inc. grew its position in shares of Newmont by 3.6% in the 1st quarter. Bridgewater Advisors Inc. now owns 3,851 shares of the basic materials company’s stock worth $449,000 after buying an additional 133 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Newmont from $133.00 to $131.00 in a research note on Tuesday, October 20th. RBC Dominion Securities set a $155.00 price objective on Newmont and gave the company an “outperform” rating in a report on Thursday, October 22nd. Barclays cut their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a research note on Friday, October 16th. Two investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.25.

Insider Activity

In related news, CEO Natascha Viljoen sold 7,764 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. The trade was a 5.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,973 shares of company stock worth $3,927,169 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported record third-quarter adjusted earnings of $2.20 per share, beating the $1.94 consensus estimate, while revenue increased 15.2% year over year to $6.36 billion. Strong gold prices near $4,000, improved cost guidance, free cash flow, share buybacks and dividends support the bullish case. Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
• Positive Sentiment: Bank of America reaffirmed its Buy rating, and other analysts remain constructive on Newmont and the materials sector. Longer-term projects, including Fourmile and the Red Chris Block Cave upgrade, could expand the portfolio and lower costs after 2030. Bank of America Reaffirms Buy Rating
• Neutral Sentiment: Investor interest has increased, with Newmont appearing among the stocks most watched by Zacks users. That attention reflects the company’s earnings momentum and gold exposure but is not, by itself, a fundamental catalyst. Newmont Attracting Investor Attention
• Negative Sentiment: Macquarie lowered its price target to $128 from $134, while Morgans Financial downgraded the shares to Accumulate and reduced its target to AU$177. These actions may weigh on sentiment despite continued analyst support. Macquarie Adjusts Newmont Price Target
• Negative Sentiment: Cost pressures remain a key risk. Inflation, higher oil and energy prices, and Ghana’s increased royalty burden could extend cost growth into 2027, potentially limiting margin expansion even if gold prices remain strong. Newmont Nevada NAV Climbs but Cost Creep Continues

Newmont Stock Performance

Shares of NEM stock opened at $110.33 on Tuesday. The company has a market capitalization of $116.26 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.01 and a beta of 0.51. The business’s 50 day moving average is $121.66 and its two-hundred day moving average is $112.44. 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 $76.05 and a 12-month high of $135.29.

Newmont (NYSE:NEM) last issued its quarterly earnings data 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 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 quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. Analysts expect that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Dividend Announcement

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 dividend of $0.26 per share. The ex-dividend date 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 12.09%.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.