Searle & CO. Makes New Investment in Newmont Corporation $NEM

Searle & CO. acquired a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,877 shares of the basic materials company’s stock, valued at approximately $678,000.

Other large investors have also recently made changes to their positions in the company. Csenge Advisory Group acquired a new stake in shares of Newmont during the third quarter worth $1,189,000. Cassia Capital Partners LLC acquired a new stake in shares of Newmont during the 3rd quarter valued at about $1,388,000. Gables Capital Management Inc. acquired a new position in shares of Newmont during the 3rd quarter worth approximately $531,000. D Orazio & Associates Inc. acquired a new stake in shares of Newmont in the third quarter valued at about $251,000. Finally, New York Life Investment Management LLC purchased a new stake in shares of Newmont during the third quarter worth approximately $18,123,000. 68.85% of the stock is owned by institutional investors.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the transaction, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. This trade represents a 3.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 20,646 shares of company stock valued at $2,380,140 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

NEM has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price objective on Newmont from $144.00 to $150.00 in a research report on Friday, October 16th. Freedom Broker downgraded shares of Newmont from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $116.00 in a research note on Thursday, October 22nd. National Bank Financial cut their target price on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 20th. Scotiabank reduced their target price on shares of Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Finally, Bank of America raised their target price on Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont Stock Performance

Shares of NEM stock opened at $119.83 on Wednesday. The stock has a market capitalization of $124.52 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.56. Newmont Corporation has a 52-week low of $81.34 and a 52-week high of $135.29. The stock’s 50-day moving average price is $118.69 and its 200 day moving average price is $112.50. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio is 12.09%.

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.