10,663 Shares of Newmont Corporation $NEM Acquired by Moneco Advisors LLC

Moneco Advisors LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,663 shares of the basic materials company’s stock, valued at approximately $1,230,000.

Other hedge funds have also recently bought and sold shares of the company. Accel Wealth Management increased its stake 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 valued at $1,377,000 after purchasing an additional 115 shares during the period. Compound Planning Inc. raised its holdings in shares of Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock valued at $2,294,000 after buying an additional 121 shares during the last quarter. Center for Financial Planning Inc. boosted its position in shares of Newmont by 6.7% during the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after buying an additional 121 shares during the period. Zhang Financial LLC boosted its position in shares of Newmont by 0.8% during the first quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock worth $1,707,000 after buying an additional 124 shares during the period. Finally, Heartland Bank & Trust Co boosted its position in shares of Newmont by 3.0% during the first quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock worth $469,000 after buying an additional 127 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Down 1.3%

NEM stock opened at $118.46 on Thursday. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The company has a market capitalization of $123.10 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56. The firm’s 50-day moving average is $118.61 and its two-hundred day moving average is $112.47. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its quarterly 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. The company had revenue of $6.36 billion during 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 business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. On average, analysts forecast that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Newmont from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 29th. Bank of America lifted their target price on Newmont from $135.00 to $145.00 in a research note on Monday, August 17th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. The Goldman Sachs Group reduced their price target on Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Finally, Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Buying and Selling

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value 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 document filed with the SEC, which is available at 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 the stock in a transaction 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 transaction, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. The trade was a 8.74% 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. Insiders sold 20,646 shares of company stock valued at $2,380,140 over the last 90 days. 0.06% of the stock is currently owned by insiders.

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.