15,541 Shares in Newmont Corporation $NEM Acquired by Krilogy Financial LLC

Krilogy Financial LLC bought a new position in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,541 shares of the basic materials company’s stock, valued at approximately $1,269,000.

Several other institutional investors have also modified their holdings of the business. Harbor Capital Advisors Inc. increased its position in shares of Newmont by 53.5% during the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 139 shares during the period. HHM Wealth Advisors LLC grew its stake in Newmont by 26.4% during the 3rd quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 140 shares in the last quarter. Fielder Capital Group LLC grew its stake in Newmont by 1.7% during the 3rd quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock worth $707,000 after purchasing an additional 141 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its holdings in Newmont by 2.3% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock worth $566,000 after purchasing an additional 145 shares during the period. Finally, Welch Group LLC raised its position in Newmont by 1.3% in the 3rd quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock valued at $1,027,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Bank of America slightly trimmed its price target but kept a Buy rating at $134, signaling continued analyst confidence in Newmont’s outlook. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Positive Sentiment: One or more analysts upgraded Newmont recently, which corresponded with a notable intraday rally on an earlier session — this upgrade momentum can buoy investor sentiment into earnings. Newmont (NYSE:NEM) Stock Price Up 4.8% Following Analyst Upgrade
• Positive Sentiment: Zacks highlights Newmont as a strong momentum stock and notes factors that could support an earnings beat, reinforcing a near-term positive technical and fundamental backdrop. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Positive Sentiment: Recent trading updates showed Newmont advancing while the broader market declined, indicating relative strength that could attract momentum-focused investors. Newmont Corporation (NEM) Advances While Market Declines: Some Information for Investors
• Neutral Sentiment: Zacks expects earnings growth and suggests Newmont has the setup for a potential earnings beat, but this is forward-looking and hinges on commodity prices and production results. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Calendar note: Newmont is projected to report quarterly results this week — investors should watch guidance, production metrics and AISC (all-in sustaining costs). Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: A MarketWatch roundup flagged that Newmont underperformed its competitors on Thursday, which may reflect investor rotation within the sector or concerns about near-term catalysts. Newmont Corp. stock underperforms Thursday when compared to competitors

Analyst Ratings Changes

A number of equities analysts have recently commented on NEM shares. BMO Capital Markets boosted their price objective on Newmont from $114.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $177.00 target price on shares of Newmont in a report on Wednesday, February 4th. Royal Bank Of Canada boosted their price target on shares of Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Scotiabank increased their price objective on shares of Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Macquarie Infrastructure raised their price objective on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.49.

Insider Activity

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Newmont Stock Performance

Shares of NEM opened at $118.09 on Friday. The company has a market capitalization of $128.87 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.04 and a beta of 0.40. Newmont Corporation has a 52-week low of $41.23 and a 52-week high of $134.88. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $109.49 and a 200 day moving average price of $90.43.

Newmont Company Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.