7,455 Shares of Newmont Corporation $NEM Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,455 shares of the basic materials company’s stock, valued at approximately $860,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NEM. Clearstead Trust LLC bought a new stake in Newmont in the 2nd quarter valued at approximately $25,000. Kilter Group LLC bought a new stake in shares of Newmont during the 2nd quarter worth approximately $26,000. GoalVest Advisory LLC acquired a new stake in shares of Newmont in the 3rd quarter valued at approximately $28,000. Winthrop Capital Management LLC acquired a new position in Newmont during the third quarter worth $29,000. Finally, Financial Management Professionals Inc. bought a new stake in Newmont during the third quarter worth $30,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Up 0.3%

NEM opened at $113.01 on Friday. The company’s 50 day moving average price is $118.01 and its two-hundred day moving average price is $112.33. 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 firm has a market capitalization of $117.44 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.45 and a beta of 0.56. Newmont Corporation has a fifty-two week low of $81.34 and a fifty-two week high of $135.29.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts predict that Newmont Corporation will post 9.18 earnings per share for the current year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given 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 Wednesday, November 25th. Newmont’s dividend payout ratio is presently 12.09%.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of Newmont 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 $324,120.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares in the company, valued at approximately $10,986,695.64. The trade was a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 20,646 shares of company stock valued at $2,380,140 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on NEM shares. Jefferies Financial Group increased their price target on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Bank of America raised their target price on shares of Newmont from $135.00 to $145.00 in a research note on Monday, August 17th. TD lifted their price target on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Sanford C. Bernstein boosted their price target on Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. Finally, The Goldman Sachs Group dropped their price objective on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont 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.