Keybank National Association OH Acquires 670,787 Shares of Newmont Corporation $NEM

Keybank National Association OH acquired a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 670,787 shares of the basic materials company’s stock, valued at approximately $77,369,000. Keybank National Association OH owned approximately 0.06% of Newmont at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Newmont in the second quarter worth about $11,289,753,000. State Street Corp boosted its position in Newmont by 3.1% during the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after acquiring an additional 1,565,716 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Newmont by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after acquiring an additional 615,461 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Newmont by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock worth $1,012,792,000 after acquiring an additional 184,586 shares during the period. Finally, Amundi grew its holdings in shares of Newmont by 4.4% during the 1st quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock worth $950,519,000 after acquiring an additional 372,415 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Price Performance

Shares of NEM opened at $119.83 on Wednesday. The company has a market capitalization of $124.52 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 2.28 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. The firm has a 50 day moving average of $118.69 and a 200 day moving average of $112.50. Newmont Corporation has a twelve month low of $81.34 and a twelve month high of $135.29.

Newmont (NYSE:NEM) last released its quarterly earnings data 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 business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the prior year, the firm posted $1.71 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts anticipate that Newmont Corporation will post 9.14 earnings per share for the current fiscal year.

Newmont Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEM. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price target (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Scotiabank decreased their price objective on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Jefferies Financial Group increased their price objective on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Finally, TD raised their price objective on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Insider Buying and Selling at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the completion of the transaction, the chief executive officer owned 131,353 shares in the company, valued at $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were 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 in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,646 shares of company stock valued at $2,380,140 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Newmont Company Profile

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.