6,943 Shares in Newmont Corporation $NEM Bought by Providence First Trust Co

Providence First Trust Co purchased a new stake in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,943 shares of the basic materials company’s stock, valued at approximately $801,000.

A number of other large investors have also added to or reduced their stakes in NEM. Accel Wealth Management increased its stake in Newmont by 0.8% during the 2nd quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after acquiring an additional 115 shares during the period. Compound Planning Inc. raised its holdings in Newmont by 0.6% in the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock valued at $2,294,000 after acquiring an additional 121 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Newmont by 6.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 121 shares during the period. Zhang Financial LLC lifted its position in shares of Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock valued at $1,707,000 after acquiring an additional 124 shares during the period. Finally, Heartland Bank & Trust Co lifted its position in shares of Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock valued at $469,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. RBC Dominion Securities set a $155.00 price target on Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Scotiabank cut their price objective on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Wall Street Zen cut shares of Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $140.00 price objective (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Newmont Price Performance

NYSE NEM traded up $1.11 on Friday, hitting $120.82. 7,881,830 shares of the company’s stock were exchanged, compared to its average volume of 5,960,770. The stock has a 50-day moving average of $118.87 and a 200-day moving average of $112.48. The stock has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.99 and a beta of 0.56. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its quarterly 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. 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 analyst estimates of $6.27 billion. During the same quarter last year, the company posted $1.71 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that Newmont Corporation will post 9.14 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is 12.09%.

Trending Headlines about 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

Insider Activity

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $419,411.28. Following the transaction, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $324,120.00. Following the transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,646 shares of company stock worth $2,380,140 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Newmont Profile