Newmont Corporation $NEM Shares Newly Bought by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, HoldingsChannel reports. The firm acquired 69,581 shares of the basic materials company’s stock, valued at approximately $8,025,000.

A number of other large investors have also recently bought and sold shares of the business. Accel Wealth Management boosted its stake in Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after acquiring an additional 115 shares during the period. Compound Planning Inc. grew its holdings in shares of Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock valued at $2,294,000 after purchasing an additional 121 shares during the last quarter. Center for Financial Planning Inc. raised its position in shares of Newmont by 6.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 121 shares during the period. Zhang Financial LLC raised its position in shares of Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock worth $1,707,000 after purchasing an additional 124 shares during the period. Finally, Heartland Bank & Trust Co raised its position in shares of Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock worth $469,000 after purchasing an additional 127 shares during the period. Institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NEM. The Goldman Sachs Group cut their price target on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Jefferies Financial Group upped their price objective on Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Canaccord Genuity Group dropped their target price on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada raised their target price on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $116.00 in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Newmont Stock Performance

Shares of NYSE:NEM traded up $0.37 during trading hours on Friday, hitting $113.01. The stock had a trading volume of 4,742,359 shares, compared to its average volume of 7,137,875. The stock’s fifty day simple moving average is $118.01 and its 200 day simple moving average is $112.33. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The firm has a market capitalization of $117.44 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.45 and a beta of 0.56. 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 (NYSE:NEM) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. Sell-side analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced 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. 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 currently 12.09%.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was 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 owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their position. The sale 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 stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the completion of the transaction, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,646 shares of company stock valued at $2,380,140 in the last quarter. 0.06% of the stock is currently owned by insiders.

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.