Philadelphia Trust Co. Makes New Investment in Newmont Corporation $NEM

Philadelphia Trust Co. purchased a new stake in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 136,707 shares of the basic materials company’s stock, valued at approximately $15,768,000. Newmont comprises about 1.0% of Philadelphia Trust Co.’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Accel Wealth Management raised its holdings in shares of Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after buying an additional 115 shares during the period. Compound Planning Inc. grew its position 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 during the last quarter. Center for Financial Planning Inc. grew its position in Newmont by 6.7% in 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 last quarter. Zhang Financial LLC grew its position in Newmont by 0.8% in 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 last quarter. Finally, Heartland Bank & Trust Co increased its stake in Newmont by 3.0% in the first quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock worth $469,000 after purchasing an additional 127 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Stock Performance

NEM stock opened at $119.83 on Wednesday. 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 business has a 50-day moving average price of $118.69 and a 200 day moving average price of $112.50. The company has a market capitalization of $124.52 billion, a P/E ratio of 13.93, a PEG ratio of 2.28 and a beta of 0.56. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29.

Newmont (NYSE:NEM) last issued 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. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. Newmont’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share. As a group, equities research analysts forecast that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

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

Insider Activity

In related news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the transaction, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at $10,986,695.64. This trade represents a 3.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Newmont stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 20,646 shares of company stock valued at $2,380,140. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NEM shares. Scotiabank decreased their price objective on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. RBC Dominion Securities set a $155.00 price objective on shares of Newmont and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Raymond James Financial restated an “outperform” rating and issued a $140.00 target price (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Freedom Broker lowered shares of Newmont from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $116.00 in a research report on Thursday, October 22nd. Finally, BNP Paribas Exane raised their target price on shares of Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.