6,160 Shares in Newmont Corporation $NEM Purchased by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC acquired a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,160 shares of the basic materials company’s stock, valued at approximately $519,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after buying an additional 1,847 shares in the last quarter. Ieq Capital LLC raised its holdings in Newmont by 30.4% during the 1st quarter. Ieq Capital LLC now owns 8,410 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 1,960 shares during the period. Vident Advisory LLC lifted its position in shares of Newmont by 7.6% during the first quarter. Vident Advisory LLC now owns 47,907 shares of the basic materials company’s stock worth $2,313,000 after acquiring an additional 3,387 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Newmont by 25.6% in the first quarter. Baird Financial Group Inc. now owns 564,165 shares of the basic materials company’s stock worth $27,238,000 after acquiring an additional 114,888 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of Newmont in the first quarter valued at $825,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,240 shares of company stock valued at $943,985. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEM. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Scotiabank raised shares of Newmont from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $71.50 to $114.00 in a report on Thursday, October 23rd. Argus boosted their price objective on shares of Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. National Bankshares upped their target price on shares of Newmont from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $120.00 price target on shares of Newmont in a report on Sunday, December 7th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Newmont has a consensus rating of “Buy” and a consensus price target of $97.08.

Key Stores Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Raymond James raised its price target on Newmont to $111 from $99, citing valuation upside and supportive commodity fundamentals — a near-term analyst-level positive that could cushion the stock. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Context: Zacks notes Newmont rallied ~81.6% over six months on higher gold prices, strong cash flow and portfolio focus — a reminder that the company’s fundamentals and commodity exposure supported a major run-up into year-end. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Analysts are mixed on NEM’s next moves — some lifting targets and others urging caution after the big rally, producing mixed signals for traders looking for clear guidance. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Immediate catalyst for today’s drop: gold and especially silver pulled back from recent record highs, prompting a roughly 5% intraday fall in Newmont shares as traders exited positions. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Silver’s sharp reversal (after a streak of big gains) magnified the move — financial media notes silver fell double the percentage of gold this morning, which hit miners’ stocks harder. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market commentary highlights profit-taking across precious-metals miners after silver peaked overnight and later fell ~8% intraday, a sector-wide headwind affecting Newmont. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

Newmont Trading Down 5.8%

Shares of Newmont stock opened at $99.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. Newmont Corporation has a 1 year low of $36.86 and a 1 year high of $106.34. The firm has a market cap of $108.75 billion, a PE ratio of 15.47, a PEG ratio of 0.74 and a beta of 0.41. The company has a 50 day simple moving average of $90.48 and a two-hundred day simple moving average of $77.97.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The firm had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. Analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.00 annualized dividend and a yield of 1.0%. Newmont’s payout ratio is 15.53%.

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.