Newmont Corporation $NEM Shares Sold by Vestcor Inc

Vestcor Inc cut its holdings in Newmont Corporation (NYSE:NEM) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,697 shares of the basic materials company’s stock after selling 7,532 shares during the quarter. Vestcor Inc’s holdings in Newmont were worth $4,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Physician Wealth Advisors Inc. raised its position in Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Capital A Wealth Management LLC boosted its position in shares of Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Newmont during the 2nd quarter worth $31,000. Country Trust Bank acquired a new position in shares of Newmont during the 2nd quarter worth $32,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Newmont in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: BofA raised its price target on NEM to $151 and reiterated a Buy — part of a broader analyst re‑rating that supports upside expectations for Newmont. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Citi lifted its price target to $150 (from $118) and reiterated a Buy, signaling renewed confidence in Newmont’s earnings power and valuation. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: Zacks and other outlets highlight bullish Q1 earnings estimates and favorable long‑term growth/valuation metrics, supporting expectations for continued beat‑and‑raise performance. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Positive Sentiment: Wall Street Zen upgraded Newmont to Buy, adding to the momentum from multiple buy‑side and sell‑side upgrades. Wall Street Zen Upgrades Newmont (NYSE:NEM) to Buy
• Neutral Sentiment: Zacks and Yahoo features note Newmont as a trending and top‑growth stock based on style scores and investor attention — useful context but not an immediate price catalyst by itself. Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
• Negative Sentiment: The Motley Fool flagged two macroeconomic factors driving weakness in Newmont today — broader pressure on gold/miners from rates and dollar/market moves — which can mute gains even amid positive analyst actions. Why Newmont Corporation Stock Dropped Today

Newmont Stock Performance

Newmont stock opened at $117.06 on Tuesday. Newmont Corporation has a fifty-two week low of $42.03 and a fifty-two week high of $134.88. The company has a market capitalization of $127.34 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.92 and a beta of 0.39. The stock has a fifty day moving average of $117.60 and a two-hundred day moving average of $97.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the company earned $1.40 earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be given a $0.26 dividend. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Bank of America boosted their price objective on shares of Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. Wall Street Zen upgraded shares of Newmont from a “hold” rating to a “buy” rating in a research report on Sunday. TD Cowen upped their price target on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Finally, Macquarie Infrastructure raised their price objective on Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $134.15.

Newmont Company Profile

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.