Paradigm Asset Management Co. LLC Buys New Position in Newmont Corporation $NEM

Paradigm Asset Management Co. LLC purchased a new position in Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel reports. The institutional investor purchased 21,200 shares of the basic materials company’s stock, valued at approximately $2,445,000.

Other institutional investors have also recently made changes to their positions in the company. Hourglass Capital LLC bought a new position in shares of Newmont during the 3rd quarter valued at about $13,066,000. Hennessy Advisors Inc. purchased a new position in shares of Newmont during the 3rd quarter valued at about $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Newmont during the 3rd quarter valued at about $814,000. Greenleaf Trust bought a new stake in Newmont in the 3rd quarter worth approximately $3,043,000. Finally, BOCHK Asset Management Ltd bought a new stake in Newmont in the 3rd quarter worth approximately $3,068,000. Institutional investors own 68.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NEM. Canaccord Genuity Group cut their target price on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. RBC Dominion Securities set a $155.00 price target on shares of Newmont and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Barclays decreased their price target on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a report on Friday, October 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Two 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. According to MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Buying and Selling

In related news, 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 value of $419,411.28. Following the transaction, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at $10,986,695.64. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Toth sold 3,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This 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. In the last three months, insiders have sold 20,646 shares of company stock valued at $2,380,140. Insiders own 0.06% of the company’s stock.

Newmont Trading Down 1.3%

Shares of NEM stock opened at $118.46 on Thursday. The stock has a market capitalization of $123.10 billion, a PE ratio of 13.77, a P/E/G ratio of 2.17 and a beta of 0.56. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The business has a 50-day moving average of $118.61 and a 200 day moving average of $112.47. 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 (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend 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.