Danske Bank A S Makes New Investment in Newmont Corporation $NEM

Danske Bank A S bought a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 853,388 shares of the basic materials company’s stock, valued at approximately $98,430,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Newmont in the second quarter valued at about $11,289,753,000. State Street Corp boosted its position in Newmont by 3.1% during the second quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after purchasing an additional 1,565,716 shares during the last quarter. Van ECK Associates Corp acquired a new position in Newmont during the second quarter valued at approximately $671,197,000. Bank of New York Mellon Corp bought a new position in Newmont in the second quarter valued at approximately $1,219,505,000. Finally, First Eagle Investment Management LLC bought a new position in Newmont in the second quarter valued at approximately $241,820,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEM has been the topic of a number of research reports. Jefferies Financial Group upped their price target on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Bank of America upped their target price on Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce set a $154.00 target price on Newmont in a research note on Friday, October 16th. Citigroup increased their target price on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Finally, TD Cowen dropped their price target on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares in the company, valued at $16,156,419. The trade was a 2.87% 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. In the last quarter, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by company insiders.

Newmont Price Performance

Shares of NYSE:NEM traded up $0.37 during trading on Friday, hitting $113.01. 4,742,359 shares of the company were exchanged, compared to its average volume of 7,137,875. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The company has a market capitalization of $117.44 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $118.01 and its 200-day moving average is $112.33.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion for 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%. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. Equities analysts forecast that Newmont Corporation will post 9.18 earnings per share for the current year.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors 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 is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

About Newmont

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.