Petra Financial Advisors Inc. Takes Position in Newmont Corporation $NEM

Petra Financial Advisors Inc. bought a new stake in Newmont Corporation (NYSE:NEM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 6,834 shares of the basic materials company’s stock, valued at approximately $682,000.

Other large investors also recently modified their holdings of the company. GoalVest Advisory LLC bought a new position in shares of Newmont in the fourth quarter valued at approximately $25,000. Lodestone Wealth Management LLC bought a new position in shares of Newmont in the fourth quarter valued at approximately $28,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Newmont by 308.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 231 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Finally, PMV Capital Advisers LLC bought a new position in shares of Newmont in the fourth quarter valued at approximately $32,000. Institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEM. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and raised their target price for the company from $121.00 to $157.00 in a report on Friday, February 27th. Stifel Nicolaus lifted their price target on Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. TD Cowen boosted their price objective on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group boosted their price objective on Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.78.

Insider Buying and Selling at Newmont

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 stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the sale, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total value of $339,270.00. Following the completion of the sale, the executive vice president owned 52,315 shares in the company, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 24,394 shares of company stock worth $2,713,281. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Performance

Shares of NEM opened at $114.48 on Wednesday. The firm has a market cap of $123.63 billion, a PE ratio of 17.91, a PEG ratio of 0.88 and a beta of 0.46. The stock’s fifty day moving average price is $115.61 and its two-hundred day moving average price is $102.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont Corporation has a 1 year low of $44.39 and a 1 year high of $134.88.

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

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were paid a $0.26 dividend. The ex-dividend date was Tuesday, March 3rd. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio is presently 16.28%.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector momentum: Coverage notes that rising gold prices, easing geopolitical tensions and Newmont’s consistent earnings beats have driven renewed investor interest and a strong 7‑day share gain, underpinning valuation support for the stock. Valuation Check After Gold Rebound
• Positive Sentiment: Analyst consensus is favorable: Market data show an average analyst recommendation of “Buy” from ~22 firms, which supports demand and reduces downside risk from negative analyst revisions. Given Average Rating of Buy
• Positive Sentiment: High‑profile media endorsement: Jim Cramer mentioned Newmont positively as part of a gold/portfolio conversation, which can drive retail interest and incremental flows. Jim Cramer Discusses Newmont
• Neutral Sentiment: Repeated buy‑rating reports: Multiple outlets are reporting the same broker consensus (Buy), reinforcing the message but adding limited new information for investors. Given Average Recommendation of Buy
• Negative Sentiment: Short‑term pullback: Recent headlines note the stock dipped in the latest session (around a ~1% decline), signaling some profit‑taking or sector rotation even as the longer‑term trend remains up. Stock Sinks As Market Gains
• Negative Sentiment: Underperformance vs. peers: MarketWatch flagged that Newmont underperformed its competitors on Monday, a sign investors should watch relative operational/commodity exposure and news flow from peers. Stock Underperforms Competitors
• Negative Sentiment: Insider selling: A Newmont EVP sold shares under a 10b5‑1 plan (reported ~3,000 shares / ~$339k disclosed), which can be read as routine liquidity or cause short‑term concern; investors should check the timing and whether sales are pre‑planned. EVP Sells Shares Under 10b5‑1

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.