Cassia Capital Partners LLC Purchases 12,036 Shares of Newmont Corporation $NEM

Cassia Capital Partners LLC purchased a new position in Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,036 shares of the basic materials company’s stock, valued at approximately $1,388,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hourglass Capital LLC acquired a new position in shares of Newmont in the third quarter valued at approximately $13,066,000. Hennessy Advisors Inc. acquired a new stake in Newmont during the third quarter worth approximately $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Newmont during the third quarter worth approximately $814,000. Greenleaf Trust acquired a new stake in Newmont during the third quarter worth approximately $3,043,000. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Newmont during the third quarter worth $3,068,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm’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 directly owned 101,691 shares in the company, valued at $10,986,695.64. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value 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. This trade represents a 8.74% decrease in their ownership of the stock. 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 valued at $2,380,140. 0.06% of the stock is owned by company insiders.

Newmont Stock Down 4.3%

Shares of NYSE NEM opened at $119.83 on Wednesday. Newmont Corporation has a 52-week low of $81.34 and a 52-week high of $135.29. The firm has a fifty day moving average of $118.69 and a 200-day moving average of $112.50. The stock has a market capitalization of $124.52 billion, a PE ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 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. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $1.71 EPS. On average, analysts anticipate that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

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

Analysts Set New Price Targets

NEM has been the subject of several analyst reports. Scotiabank dropped their target price on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. Citigroup raised their price target on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Argus set a $110.00 price target on Newmont and gave the company a “buy” rating in a report on Monday, August 3rd. RBC Dominion Securities set a $155.00 price objective on shares of Newmont and gave the company an “outperform” rating in a research note on Thursday, October 22nd. Finally, Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a report 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 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.