11,128 Shares of Newmont Corporation $NEM Acquired by Geneva Partners LLC

Geneva Partners LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel reports. The firm acquired 11,128 shares of the basic materials company’s stock, valued at approximately $1,284,000.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on NEM. Scotiabank lifted their price target on Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group lowered their price objective on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Sanford C. Bernstein lifted their target price on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. National Bank Financial decreased their price target 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, RBC Dominion Securities set a $155.00 price target on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.25.

Trending Headlines about 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

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the transaction, the executive vice president owned 34,315 shares of the company’s stock, valued at $3,939,705.15. This represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,973 shares of company stock worth $3,927,169 in the last quarter. 0.06% of the stock is owned by company insiders.

Newmont Stock Performance

Newmont stock opened at $110.33 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The firm has a market capitalization of $116.26 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Newmont Corporation has a 1-year low of $76.05 and a 1-year high of $135.29. The company’s 50-day moving average is $121.66 and its 200 day moving average is $112.44.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26. The business had revenue of $6.36 billion during 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%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 earnings per share. Research analysts forecast that Newmont Corporation will post 9.07 EPS for the current year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis 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 currently 12.09%.

Newmont 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.