26,739 Shares of Newmont Corporation $NEM Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, HoldingsChannel reports. The firm bought 26,739 shares of the basic materials company’s stock, valued at approximately $3,084,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of Newmont during the second quarter worth $25,000. Kilter Group LLC bought a new stake in shares of Newmont during the second quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new stake in Newmont during the 3rd quarter valued at $28,000. Financial Management Professionals Inc. bought a new stake in shares of Newmont during the third quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Newmont by 137.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 328 shares of the basic materials company’s stock worth $31,000 after buying an additional 190 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

NYSE NEM opened at $118.46 on Thursday. Newmont Corporation has a fifty-two week low of $81.34 and a fifty-two week high of $135.29. The stock’s 50-day moving average is $118.61 and its two-hundred day moving average is $112.47. The firm has a market cap of $123.10 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.17 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 quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.71 EPS. On average, analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors 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 (DPR) is presently 12.09%.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’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 $324,120.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at $10,986,695.64. The trade was a 3.68% decrease in their position. 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. Over the last 90 days, insiders sold 20,646 shares of company stock valued at $2,380,140. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Canadian Imperial Bank of Commerce set a $154.00 price target on shares of Newmont in a research report on Friday, October 16th. TD raised their price objective on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Raymond James Financial reissued an “outperform” rating and set a $140.00 target price (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Finally, BNP Paribas Exane lifted their price target on Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Two investment 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 company. According to data from MarketBeat, Newmont 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.