44,764 Shares in Newmont Corporation $NEM Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab bought a new stake in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,764 shares of the basic materials company’s stock, valued at approximately $5,163,000.

Several other institutional investors have also added to or reduced their stakes in NEM. BlackRock Inc. bought a new position in Newmont during the 2nd quarter worth approximately $11,289,753,000. State Street Corp lifted its position in shares of Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock worth $4,893,852,000 after purchasing an additional 1,565,716 shares during the period. Van ECK Associates Corp acquired a new position in shares of Newmont in the 2nd quarter worth approximately $671,197,000. Bank of New York Mellon Corp bought a new stake in shares of Newmont in the 2nd quarter valued at $1,219,505,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Newmont in the 2nd quarter valued at $241,820,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Up 0.3%

Newmont stock traded up $0.37 during mid-day trading on Friday, reaching $113.01. The stock had a trading volume of 4,742,359 shares, compared to its average volume of 7,137,875. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. 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 simple moving average is $118.01 and its 200-day simple moving average is $112.33. The firm has a market capitalization of $117.44 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.56.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is presently 12.09%.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. This trade represents a 8.74% 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 three months, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on NEM. National Bank Financial decreased their price objective on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 20th. Canaccord Genuity Group dropped their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Bank of America upped their price target on shares of Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. TD Cowen decreased their price target on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Finally, BMO Capital Markets increased their price target on Newmont from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 29th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.20.

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.