Pekin Hardy Strauss Inc. Makes New Investment in Newmont Corporation $NEM

Pekin Hardy Strauss Inc. purchased a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 25,815 shares of the basic materials company’s stock, valued at approximately $2,977,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Newmont in the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp acquired a new stake in shares of Newmont during the second quarter valued at about $671,197,000. Bank of New York Mellon Corp purchased a new stake in shares of Newmont during the second quarter worth about $1,219,505,000. First Eagle Investment Management LLC purchased a new stake in shares of Newmont during the second quarter worth about $241,820,000. Finally, Amundi purchased a new stake in shares of Newmont during the second quarter worth about $209,411,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group reduced their price target on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Citigroup upped their target price on Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Finally, RBC Dominion Securities set a $155.00 target price on Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
• Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
• Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
• Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
• Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
• Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares

Newmont Price Performance

Shares of NEM stock opened at $119.74 on Friday. The firm has a fifty day moving average of $119.10 and a two-hundred day moving average of $112.47. The firm has a market cap of $124.43 billion, a P/E ratio of 13.92, a P/E/G ratio of 2.15 and a beta of 0.56. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The business 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%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 EPS. As a group, 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 disclosed 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. 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 payout ratio is currently 12.09%.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.