New Mexico Educational Retirement Board Makes New $6.26 Million Investment in Newmont Corporation $NEM

New Mexico Educational Retirement Board bought a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 54,280 shares of the basic materials company’s stock, valued at approximately $6,261,000.

Other institutional investors have also made changes to their positions in the company. CFM Wealth Partners LLC bought a new position in shares of Newmont in the third quarter worth about $331,000. Bourne Lent Asset Management Inc. acquired a new position in shares of Newmont during the third quarter worth approximately $244,000. Maryland State Retirement & Pension System bought a new stake in shares of Newmont during the third quarter valued at approximately $7,432,000. Ritholtz Wealth Management bought a new stake in shares of Newmont during the third quarter valued at approximately $5,783,000. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Newmont in the third quarter valued at approximately $426,000. 68.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Citigroup upped their price objective on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. Weiss Ratings upgraded Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group lowered their target price on Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Insider Buying and Selling

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction 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 in the company, valued at $16,156,419. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was 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 in the company, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders own 0.06% of the company’s stock.

Newmont Stock Performance

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

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $6.27 billion. During the same quarter last year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current 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 paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) 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.