Los Angeles Capital Management LLC Grows Holdings in Newmont Corporation $NEM

Los Angeles Capital Management LLC boosted its stake in Newmont Corporation (NYSE:NEM) by 120.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,387,467 shares of the basic materials company’s stock after purchasing an additional 1,848,659 shares during the period. Newmont comprises approximately 1.0% of Los Angeles Capital Management LLC’s portfolio, making the stock its 15th largest position. Los Angeles Capital Management LLC’s holdings in Newmont were worth $285,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NEM. Norges Bank purchased a new position in Newmont during the 2nd quarter valued at about $919,170,000. Invesco Ltd. boosted its stake in shares of Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after purchasing an additional 4,839,447 shares during the period. Boston Partners increased its stake in Newmont by 4,090.7% during the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock worth $272,558,000 after buying an additional 4,532,263 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Newmont by 1,502.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,692,606 shares of the basic materials company’s stock worth $273,391,000 after buying an additional 4,399,778 shares in the last quarter. Finally, LSV Asset Management purchased a new position in Newmont in the 2nd quarter valued at approximately $187,206,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Trading Up 2.0%

Shares of NEM stock opened at $101.80 on Wednesday. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $106.34. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $90.79 and a 200-day simple moving average of $78.28. The stock has a market cap of $111.09 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.69 and a beta of 0.41.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. On average, analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.00 annualized dividend and a yield of 1.0%. Newmont’s dividend payout ratio (DPR) is presently 15.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NEM shares. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a report on Monday. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. UBS Group boosted their price target on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Citigroup upped their target price on shares of Newmont from $74.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Newmont currently has a consensus rating of “Buy” and an average price target of $97.08.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Ahafo North has started commercial production, adding roughly ~5% of low‑cost gold volume to Newmont’s run‑rate; management cost reductions and potential upside from majority control of Nevada Gold Mines should help margins and free cash flow. Newmont: Average On The Cost Curve, But Above Average Upside Potential
• Positive Sentiment: Raymond James raised its price target to $111 (from $99), signaling increased analyst confidence in Newmont’s outlook. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Zacks highlights Newmont’s strong six‑month rally (c.82%) driven by higher gold prices, robust cash flow and portfolio focus — momentum that supports investor sentiment. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Commodity names are broadly bouncing back after a short‑term safe‑haven unwind and profit‑taking in precious metals; sector momentum remains tied to metal price volatility. 2 Mining Giants Bouncing Back After Safe Haven Selloff
• Neutral Sentiment: Analysts’ views are mixed overall—upside price targets and buy arguments are balanced by notes warning of metals volatility and near‑term headwinds. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Newmont shares fell sharply amid this week’s gold and silver pullback (profit‑taking after record/high metals), which pressured miners before the rebound. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Intraday crashes tied to sharp silver/gold reversals prompted acute selling in miners; caution remains until metals stabilize. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market commentary notes silver’s overnight spike then >8% drop as investors locked profits, pulling down leading precious‑metals stocks including Newmont. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

Insiders Place Their Bets

In other news, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total value of $406,700.00. Following the sale, the chief executive officer directly owned 279,923 shares in the company, valued at $22,768,936.82. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director directly owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,160 shares of company stock valued at $767,206. Insiders own 0.05% of the company’s stock.

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.