31,701 Shares of Newmont Corporation $NEM Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in shares of Newmont Corporation (NYSE:NEM) during the third quarter, HoldingsChannel reports. The fund acquired 31,701 shares of the basic materials company’s stock, valued at approximately $3,460,000.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Newmont in the 3rd quarter worth approximately $6,258,000. Candriam S.C.A. purchased a new stake in shares of Newmont in the 3rd quarter valued at $18,892,000. Point Nemo Capital LLC purchased a new stake in shares of Newmont in the 3rd quarter valued at $1,505,000. Kimelman & Baird LLC bought a new position in shares of Newmont during the 3rd quarter valued at $246,000. Finally, American State Bank Iowa bought a new position in shares of Newmont during the 3rd quarter valued at $353,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This represents a 2.87% decrease in their ownership of the stock. 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 quarter, insiders sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is currently owned by company insiders.

Newmont Stock Performance

Shares of NEM stock opened at $120.82 on Monday. The stock has a fifty day moving average of $118.87 and a 200 day moving average of $112.48. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The firm has a market capitalization of $125.55 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 2.20 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its quarterly earnings results 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 return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared 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 payout ratio is currently 12.09%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Canaccord Genuity Group lowered their price target on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Jefferies Financial Group upped their price target on shares of Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Royal Bank Of Canada raised their price objective on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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 Company Profile