Plancorp LLC Buys New Holdings in Newmont Corporation $NEM

Plancorp LLC purchased a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent filing with the SEC. The fund purchased 6,342 shares of the basic materials company’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Newmont in the second quarter worth $11,289,753,000. State Street Corp increased its stake in Newmont by 3.1% during the second quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after purchasing an additional 1,565,716 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Newmont by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after purchasing an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Newmont by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock worth $1,012,792,000 after purchasing an additional 184,586 shares during the period. Finally, Amundi raised its holdings in shares of Newmont by 4.4% during the first quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock worth $950,519,000 after purchasing an additional 372,415 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Stock Up 0.9%

Newmont stock opened at $120.82 on Friday. The company has a 50-day simple moving average of $118.87 and a 200-day simple moving average of $112.48. The firm has a market capitalization of $125.55 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.20 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The company’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. As a group, equities analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio is 12.09%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Bank of America boosted their price objective on shares of Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. BNP Paribas Exane increased their price objective on shares of Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Weiss Ratings raised shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Finally, Argus set a $110.00 target price on shares of Newmont and gave the stock a “buy” rating in a report on Monday, August 3rd. Two equities research 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. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Insider Activity at Newmont

In other Newmont news, 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 value of $324,120.00. Following the sale, the executive vice president owned 31,315 shares in the company, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value 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 trade represents a 3.68% decrease in their position. 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. Insiders sold 20,646 shares of company stock worth $2,380,140 in the last 90 days. 0.06% of the stock is owned by company insiders.

Newmont Profile