Asset One Wealth Management LLC Buys 45,742 Shares of Newmont Corporation $NEM

Asset One Wealth Management LLC purchased a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, Holdings Channel reports. The firm purchased 45,742 shares of the basic materials company’s stock, valued at approximately $5,276,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Newmont during the second quarter valued at approximately $11,289,753,000. State Street Corp grew its holdings in Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after buying an additional 1,565,716 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of Newmont during the 2nd quarter worth approximately $671,197,000. Bank of New York Mellon Corp acquired a new stake in shares of Newmont in the 2nd quarter valued at $1,219,505,000. Finally, First Eagle Investment Management LLC purchased a new position in shares of Newmont during the second quarter worth approximately $241,820,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Freedom Broker cut shares of Newmont from a “buy” rating to a “hold” rating and decreased their price target for the stock from $130.00 to $116.00 in a research report on Thursday, October 22nd. Canaccord Genuity Group cut their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, Citigroup raised their price objective on Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.20.

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $419,411.28. Following the transaction, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. The trade was a 3.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value of $324,120.00. Following the completion of the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This trade represents a 8.74% 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. In the last three months, insiders have sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is owned by corporate insiders.

Newmont Stock Performance

Shares of NYSE NEM opened at $120.82 on Friday. 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 52-week low of $81.34 and a 52-week high of $135.29. The company has a market cap of $125.55 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.99 and a beta of 0.56. The firm’s fifty day moving average is $118.87 and its two-hundred day moving average is $112.48.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26. The business 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS. As a group, analysts anticipate that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s payout ratio is 12.09%.

Newmont Profile