43,736 Shares of Newmont Corporation $NEM Acquired by Lido Advisors LLC

Lido Advisors LLC bought a new position in Newmont Corporation (NYSE:NEM) in the third quarter, HoldingsChannel reports. The fund bought 43,736 shares of the basic materials company’s stock, valued at approximately $5,045,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Accel Wealth Management grew its stake in shares of Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after acquiring an additional 115 shares during the period. Compound Planning Inc. raised its holdings in shares of Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock valued at $2,294,000 after purchasing an additional 121 shares during the last quarter. Center for Financial Planning Inc. lifted its position in Newmont by 6.7% during the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 121 shares during the period. Zhang Financial LLC lifted its position in Newmont by 0.8% during the first quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock valued at $1,707,000 after purchasing an additional 124 shares during the period. Finally, Heartland Bank & Trust Co lifted its position in Newmont by 3.0% during the first quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock valued at $469,000 after purchasing an additional 127 shares during the period. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. The trade was 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. Over the last ninety days, insiders have sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEM has been the topic of several research reports. Canaccord Genuity Group dropped their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Citigroup boosted their target price on shares of Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Jefferies Financial Group increased their price target on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Freedom Broker cut Newmont from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $116.00 in a report on Thursday, October 22nd. Finally, Argus set a $110.00 price target on Newmont and gave the stock a “buy” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont Trading Down 5.0%

Newmont stock opened at $112.57 on Friday. Newmont Corporation has a 52-week low of $81.34 and a 52-week high of $135.29. The company has a market cap of $116.98 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.58 and a beta of 0.56. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $118.36 and a two-hundred day simple moving average of $112.40.

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

Newmont Dividend Announcement

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

About Newmont

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.