Confluence Wealth Services Inc. Acquires 4,906 Shares of Newmont Corporation $NEM

Confluence Wealth Services Inc. acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,906 shares of the basic materials company’s stock, valued at approximately $566,000.

A number of other hedge funds have also modified their holdings of the stock. AMG National Trust Bank acquired a new position in shares of Newmont in the 3rd quarter valued at $967,000. Moneco Advisors LLC acquired a new position in shares of Newmont in the third quarter worth about $1,230,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Newmont in the third quarter worth about $464,000. Lido Advisors LLC purchased a new position in shares of Newmont in the third quarter worth approximately $5,045,000. Finally, Keybank National Association OH purchased a new position in shares of Newmont in the third quarter worth approximately $77,369,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 firm’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 value of $419,411.28. Following the completion of the transaction, the chief executive officer directly owned 101,691 shares in the company, valued at $10,986,695.64. The trade was a 3.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEM has been the topic of a number of recent analyst reports. BNP Paribas Exane boosted their price target on shares of Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Jefferies Financial Group raised their price objective on shares of Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Scotiabank lowered their price objective on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. Sanford C. Bernstein boosted their target price on shares of Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Finally, Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Price Performance

NEM opened at $112.57 on Friday. The stock has a market cap of $116.98 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 2.58 and a beta of 0.56. The stock has a fifty day moving average price of $118.36 and a 200 day moving average price of $112.40. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. 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 released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts forecast that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Dividend Announcement

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

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.