Newmont Corporation $NEM Stock Position Increased by Range Financial Group LLC

Range Financial Group LLC boosted its position in shares of Newmont Corporation (NYSE:NEM) by 34.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 26,190 shares of the basic materials company’s stock after buying an additional 6,734 shares during the period. Range Financial Group LLC’s holdings in Newmont were worth $2,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEM. Retireful LLC acquired a new stake in Newmont in the 3rd quarter valued at about $326,000. Ethic Inc. raised its holdings in shares of Newmont by 10.6% in the 3rd quarter. Ethic Inc. now owns 23,833 shares of the basic materials company’s stock worth $2,009,000 after purchasing an additional 2,278 shares in the last quarter. Live Oak Private Wealth LLC lifted its stake in Newmont by 0.3% during the third quarter. Live Oak Private Wealth LLC now owns 145,243 shares of the basic materials company’s stock valued at $12,245,000 after purchasing an additional 401 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Newmont by 33.1% during the third quarter. Perigon Wealth Management LLC now owns 38,377 shares of the basic materials company’s stock valued at $3,236,000 after purchasing an additional 9,547 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in Newmont by 70.0% during the third quarter. Sowell Financial Services LLC now owns 29,637 shares of the basic materials company’s stock worth $2,499,000 after buying an additional 12,201 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BNP Paribas cut Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target on the stock. in a report on Friday, December 5th. National Bankshares boosted their target price on Newmont from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group set a $104.30 target price on Newmont and gave the company a “buy” rating in a report on Sunday, October 12th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group restated a “buy” rating and set a $120.00 price objective on shares of Newmont in a report on Sunday, December 7th. Five analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Newmont has a consensus rating of “Buy” and a consensus target price of $97.08.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 32,709 shares in the company, valued at $3,021,003.24. This represents a 5.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the sale, the chief executive officer directly owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,240 shares of company stock valued at $943,985. 0.05% of the stock is currently owned by corporate insiders.

Newmont Stock Performance

Shares of NEM stock opened at $99.66 on Tuesday. The company has a market capitalization of $108.75 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 0.74 and a beta of 0.41. Newmont Corporation has a 1-year low of $36.86 and a 1-year high of $106.34. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $90.48 and its 200-day simple moving average is $77.97.

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

Newmont Announces Dividend

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

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Raymond James raised its price target for NEM to $111 from $99, signaling continued confidence in Newmont’s fundamentals and upside potential. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Brokerage coverage remains favorable overall: Newmont has a consensus “Buy” from brokerages, which supports medium?term investor confidence despite the intraday weakness. Newmont Corporation (NYSE:NEM) Receives Consensus Recommendation of “Buy” from Brokerages
• Positive Sentiment: Analysts and note-writers highlight how much NEM has rallied year?to?date (Zacks notes an ~82% six?month surge) on higher gold prices, stronger cash flow and portfolio focus — a reminder the selloff is coming from a high base. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Analysts hold mixed views on NEM today — some lift targets or keep buys while others express caution after the sharp commodity moves, leaving near?term sentiment split. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Metal-price pullback: gold and especially silver retreated from recent records this morning as investors locked in profits; that commodity weakness directly pressured Newmont shares and other miners. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Market commentary explains the stock’s decline as a commodity-driven selloff (silver fell sharply after an overnight spike), prompting broad profit-taking in precious?metals names. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market?wide pressure: coverage of broader equity weakness tied to the metals pullback underscores the risk that commodity volatility, not company fundamentals, is driving near?term moves. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

Newmont 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.