Sherman Porfolios LLC Acquires Shares of 11,519 Newmont Corporation $NEM

Sherman Porfolios LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,519 shares of the basic materials company’s stock, valued at approximately $971,000. Newmont makes up 0.3% of Sherman Porfolios LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors also recently modified their holdings of the business. Physician Wealth Advisors Inc. lifted its position in Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 236 shares during the period. JPL Wealth Management LLC purchased a new stake in Newmont in the third quarter worth about $27,000. Capital A Wealth Management LLC grew 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 worth $30,000 after purchasing an additional 478 shares during the period. Caldwell Trust Co bought a new position in shares of Newmont during the second quarter valued at approximately $31,000. Finally, Country Trust Bank purchased a new position in shares of Newmont during the second quarter valued at approximately $32,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Price Performance

NEM opened at $106.29 on Thursday. The company’s 50-day simple moving average is $118.86 and its two-hundred day simple moving average is $99.25. 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 capitalization of $115.63 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.86 and a beta of 0.39. Newmont Corporation has a 52-week low of $42.93 and a 52-week high of $134.88.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be given a $0.26 dividend. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Newmont’s payout ratio is presently 16.28%.

Insiders Place Their Bets

In other Newmont news, insider David James Fry sold 18,394 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the sale, the insider directly owned 17,147 shares in the company, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NEM shares. Bank of America boosted their price target on Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded Newmont from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Stifel Nicolaus boosted their target price on Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Scotiabank increased their target price on Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Newmont presently has a consensus rating of “Buy” and an average price target of $134.15.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Wall Street support and price targets: Several analysts have maintained buy/outperform ratings and the median price target in recent updates sits above the current price, giving a cushion for upside if bullion stabilizes. QuiverQuant: Newmont falls 3.2%
• Positive Sentiment: Dividend reaffirmation: Management reaffirmed the quarterly dividend in recent disclosures, which supports the company’s income profile for investors focused on yield. Yahoo Finance: Newmont Is Down 5.8%
• Neutral Sentiment: Planned, routine 10b5‑1 sale: Newmont disclosed an officer’s scheduled sale under a 10b5‑1 plan (small block), which is typically pre‑arranged and not an immediate red flag. TipRanks: Executive schedules routine sale
• Neutral Sentiment: Market reporting of the drop: Coverage notes Newmont’s share decline versus the broader market, summarizing the same drivers below as context for traders. Zacks: Newmont suffers larger drop
• Negative Sentiment: Gold weakness and 2026 guidance: Analysts and market writeups point to a softer gold backdrop (dollar strength and Fed rate expectations) and investor focus on Newmont’s 2026 outlook — which flags lower production and higher AISC — making the stock more sensitive on down days for bullion. QuiverQuant: Gold cools and investors refocus
• Negative Sentiment: Insider open‑market sale: A senior insider (David James Fry) sold ~18,394 shares (~$2.05M) recently, cutting his stake materially — transactions of this size can amplify negative sentiment, especially alongside broader selling. SEC Form 4: Insider sale
• Negative Sentiment: Macro/inflation pressure: Coverage highlights that recent U.S. inflation prints and market reaction pressured gold and raised questions about the resilience of Newmont’s cash returns under a weaker gold price scenario. Yahoo Finance: Inflation-driven gold weakness

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.