Newmont Corporation $NEM Shares Newly Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 26,739 shares of the basic materials company’s stock, valued at approximately $3,084,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Clearstead Trust LLC purchased a new position in Newmont in the second quarter valued at approximately $25,000. Kilter Group LLC purchased a new stake in Newmont during the second quarter worth approximately $26,000. GoalVest Advisory LLC purchased a new stake in Newmont during the third quarter worth approximately $28,000. Financial Management Professionals Inc. purchased a new stake in Newmont during the third quarter worth approximately $30,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Newmont by 137.7% in the second 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 in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD raised their target price on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Citigroup lifted their target price on shares of Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Canadian Imperial Bank of Commerce set a $154.00 price target on shares of Newmont in a research report on Friday, October 16th. Scotiabank lowered their price target on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Finally, TD Cowen lowered their price target on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Stock Down 1.3%

Shares of NYSE NEM opened at $118.46 on Thursday. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The firm has a market cap of $123.10 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The stock’s 50-day simple moving average is $118.61 and its 200-day simple moving average is $112.47.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.71 earnings per share. As a group, equities analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

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

Insider Buying and Selling

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the transaction, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at $16,156,419. This represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

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.