Kestra Investment Management LLC Makes New $864,000 Investment in Newmont Corporation $NEM

Kestra Investment Management LLC purchased a new position in Newmont Corporation (NYSE:NEM) during the third quarter, Holdings Channel reports. The fund purchased 7,495 shares of the basic materials company’s stock, valued at approximately $864,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Newmont during the 2nd quarter valued at about $11,289,753,000. Van ECK Associates Corp bought a new stake in Newmont in the 2nd quarter worth approximately $671,197,000. Bank of New York Mellon Corp bought a new stake in Newmont in the 2nd quarter worth approximately $1,219,505,000. First Eagle Investment Management LLC bought a new stake in Newmont in the 2nd quarter worth approximately $241,820,000. Finally, Amundi purchased a new stake in Newmont in the second quarter worth approximately $209,411,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 4.3%

NYSE NEM opened at $119.83 on Wednesday. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29. The stock’s fifty day moving average price is $118.69 and its 200-day moving average price is $112.50. The stock has a market cap of $124.52 billion, a P/E ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. 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 posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping 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 analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the business earned $1.71 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. As a group, equities analysts forecast that Newmont Corporation will post 9.14 EPS 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 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 payout ratio is 12.09%.

Insider Buying and Selling

In other news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares in the company, valued at $10,986,695.64. This represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 company’s stock in a transaction on 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 sale, the executive vice president owned 31,315 shares of the company’s stock, 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. Over the last ninety days, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NEM has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. TD Cowen cut their price objective on shares of Newmont from $133.00 to $131.00 in a research note on Tuesday, October 20th. BNP Paribas Exane increased their target price on shares of Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Royal Bank Of Canada lifted their target price on shares of Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Canadian Imperial Bank of Commerce set a $154.00 target price on shares of Newmont in a research report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.20.

Newmont 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.