IFM Investors Pty Ltd grew its position in Newmont Corporation (NYSE:NEM – Free Report) by 4.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 224,342 shares of the basic materials company’s stock after acquiring an additional 9,868 shares during the quarter. IFM Investors Pty Ltd’s holdings in Newmont were worth $24,285,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. Apella Capital LLC lifted its position in Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after buying an additional 86 shares in the last quarter. New Wave Wealth Advisors LLC grew its stake in Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock worth $684,000 after buying an additional 88 shares during the period. Novem Group increased its position in shares of Newmont by 3.7% in the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after acquiring an additional 88 shares in the last quarter. Norden Group LLC increased its position in shares of Newmont by 0.7% in the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after acquiring an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Newmont in a report on Monday, April 27th. Argus increased their price target on Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Jefferies Financial Group raised their price objective on Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Barclays began coverage on Newmont in a research note on Thursday, May 21st. They set an “overweight” rating and a $133.00 price objective on the stock. Finally, Zacks Research raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.88.
Newmont Trading Down 1.2%
NYSE NEM opened at $93.36 on Wednesday. The stock has a market cap of $99.67 billion, a P/E ratio of 12.11, a PEG ratio of 1.57 and a beta of 0.42. The company’s fifty day simple moving average is $107.10 and its 200-day simple moving average is $110.93. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 52 week low of $55.37 and a 52 week high of $134.88.
Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the business earned $1.25 EPS. The business’s revenue was up 45.8% on a year-over-year basis. Equities research analysts predict that Newmont Corporation will post 9.91 EPS for the current fiscal year.
Newmont Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s dividend payout ratio (DPR) is currently 13.49%.
Newmont News Summary
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont’s liquidity, cash flow and debt-reduction profile were highlighted as supporting growth projects and future shareholder returns, which is a constructive sign for investors. Will NEM’s Liquidity Strength Fuel Growth and Returns Ahead?
- Positive Sentiment: UBS kept a buy rating on Newmont despite cutting its price target to $120, and Raymond James maintained outperform with a slightly lower target of $137, signaling analysts still see upside. Analyst target updates
- Positive Sentiment: Commentary noted Newmont tracks gold momentum across the mining sector, and gold’s long-term rally remains an important driver for the stock. Newmont Tracks Gold Momentum Across Mining Sector
- Neutral Sentiment: Zacks and other market pieces focused on Newmont as a widely watched stock and a strong growth candidate, reinforcing attention on the name but adding little immediate catalyst. Here’s Why Newmont Corporation (NEM) is a Strong Growth Stock
- Negative Sentiment: Newmont’s stock fell as the broader market rose, suggesting investors are rotating away from the name despite its long-term fundamentals. Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade
- Negative Sentiment: Options activity showed unusually heavy call trading, which can indicate speculation and heightened uncertainty around the stock’s next move. Is Most-Watched Stock Newmont Corporation (NEM) Worth Betting on Now?
- Negative Sentiment: One article also noted gold’s 2026 rally has cracked, which could weigh on Newmont if bullion prices remain soft. Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
Insiders Place Their Bets
In other news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the sale, the insider directly owned 23,163 shares of the company’s stock, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wexler sold 13,378 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the transaction, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. This trade represents a 16.47% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 25,556 shares of company stock valued at $2,781,006 over the last ninety days. Insiders own 0.06% of the company’s stock.
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.
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