Philadelphia Trust Co. Makes New Investment in Newmont Corporation $NEM

Philadelphia Trust Co. purchased a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 136,707 shares of the basic materials company’s stock, valued at approximately $15,768,000. Newmont comprises about 1.0% of Philadelphia Trust Co.’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in shares of Newmont in the second quarter worth approximately $25,000. Kilter Group LLC bought a new stake in shares of Newmont during the second quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new stake in shares of Newmont during the third quarter valued at approximately $28,000. Financial Management Professionals Inc. bought a new stake in shares of Newmont during the third quarter valued at approximately $30,000. Finally, Elevation Wealth Partners LLC raised its holdings in Newmont by 137.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 328 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 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 value of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. The trade was a 3.68% decrease in their position. The SEC filing for this sale provides additional information. 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. Over the last three months, insiders have sold 20,646 shares of company stock worth $2,380,140. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the topic of several analyst reports. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $116.00 in a research report on Thursday, October 22nd. Barclays reduced their target price on Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Canaccord Genuity Group lowered their price target on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, RBC Dominion Securities set a $155.00 price objective on Newmont and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Two equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $137.20.

Newmont Stock Performance

Shares of NEM opened at $119.83 on Wednesday. The firm has a market capitalization of $124.52 billion, a P/E ratio of 13.93, a PEG ratio of 2.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The business has a fifty day moving average of $118.69 and a 200 day moving average of $112.50.

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

Newmont Dividend Announcement

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

Newmont Company 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.