O Brien Greene & Co. Inc Acquires 5,000 Shares of Newmont Corporation $NEM

O Brien Greene & Co. Inc acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the basic materials company’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Newmont during the second quarter valued at about $11,289,753,000. Van ECK Associates Corp bought a new stake in shares of Newmont during the second quarter worth about $671,197,000. Bank of New York Mellon Corp bought a new stake in shares of Newmont during the second quarter worth about $1,219,505,000. First Eagle Investment Management LLC acquired a new position in shares of Newmont in the second quarter valued at approximately $241,820,000. Finally, Amundi acquired a new position in shares of Newmont in the second quarter valued at approximately $209,411,000. Institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 101,691 shares in the company, valued at $10,986,695.64. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This represents a 8.74% decrease in their position. 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. Over the last ninety days, insiders sold 20,646 shares of company stock worth $2,380,140. Insiders own 0.06% of the company’s stock.

Newmont Price Performance

Newmont stock opened at $119.83 on Wednesday. The stock’s 50 day moving average is $118.69 and its 200 day moving average is $112.50. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The firm has a market cap of $124.52 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. 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 released its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the firm posted $1.71 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

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

Analyst Upgrades and Downgrades

NEM has been the subject of a number of research reports. Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. TD Cowen reduced their target price on shares of Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Canaccord Genuity Group reduced their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Freedom Broker downgraded shares of Newmont from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $116.00 in a research note on Thursday, October 22nd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.