Level Four Advisory Services LLC Has $2.86 Million Stock Position in Newmont Corporation $NEM

Level Four Advisory Services LLC boosted its position in shares of Newmont Corporation (NYSE:NEM) by 48.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,957 shares of the basic materials company’s stock after buying an additional 11,034 shares during the quarter. Level Four Advisory Services LLC’s holdings in Newmont were worth $2,863,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NEM. Physician Wealth Advisors Inc. grew its position in shares of Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after buying an additional 236 shares during the period. Capital A Wealth Management LLC lifted its holdings in Newmont by 1,648.3% in the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after buying an additional 478 shares during the period. Caldwell Trust Co bought a new position in Newmont in the second quarter valued at approximately $31,000. Country Trust Bank bought a new position in Newmont in the second quarter valued at approximately $32,000. Finally, CoreFirst Bank & Trust acquired a new stake in Newmont during the 2nd quarter worth $32,000. Institutional investors own 68.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NEM shares. The Goldman Sachs Group increased their price target on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research note on Monday, January 12th. BMO Capital Markets dropped their price objective on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Canadian Imperial Bank of Commerce cut their target price on Newmont from $71.00 to $67.00 in a research note on Friday, February 27th. Macquarie Infrastructure raised their target price on Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane upped their price target on Newmont from $97.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.68.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citigroup raised its price target sharply (from $118 to $150) and put a “buy” rating on NEM, highlighting upside for the stock and supporting demand from growth-oriented investors. Citigroup raise — Benzinga
• Positive Sentiment: Macro flight-to-safety and bullion strength remain a tailwind: coverage noting that geopolitical risk is boosting gold demand and that Newmont’s recent earnings, record free cash flow and higher dividend make it a preferred sector beneficiary. This supports longer-term flows into NEM. MarketBeat: Markets Seek Shelter as Gold Shines Brightest
• Positive Sentiment: Zacks highlights NEM as a strong momentum stock, which can attract technical and momentum-driven buyers while momentum remains intact. Zacks momentum piece
• Neutral Sentiment: Valuation is getting more attention after a large multi-quarter rally (one-year returns >200%); some coverage asks whether shares are priced for perfection — this raises debate but is not an immediate catalyst. Yahoo Finance: Is it too late?
• Negative Sentiment: Gold prices pulled back after a recent run-up, prompting profit-taking across miners and a sharp intraday slide in NEM; sector correlation to bullion makes Newmont sensitive to short-term metal moves. QuiverQuant: Newmont slides as gold pulls back
• Negative Sentiment: TD Securities trimmed its price target to $118 and moved to a “hold,” adding near-term caution for some investors and potentially weighing on sentiment. BayStreet.CA: TD Securities downgrade
• Negative Sentiment: Coverage and intraday analysis point to technical/flow-driven selling (including ex-/record-date dividend flows and reported insider sales cited in market writeups), which can amplify short-term volatility even with strong fundamentals. The Motley Fool: Why NEM dropped

Newmont Price Performance

NYSE NEM opened at $119.20 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The stock has a market cap of $129.67 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.96 and a beta of 0.39. The business has a 50 day simple moving average of $116.81 and a 200 day simple moving average of $96.27. Newmont Corporation has a 52-week low of $42.03 and a 52-week high of $134.88.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. Analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a boost from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio (DPR) is currently 16.28%.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.