16,468 Shares in Newmont Corporation $NEM Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC purchased a new position in Newmont Corporation (NYSE:NEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,468 shares of the basic materials company’s stock, valued at approximately $1,389,000.

A number of other large investors also recently modified their holdings of NEM. Norges Bank acquired a new position in shares of Newmont during the second quarter worth $919,170,000. Invesco Ltd. boosted its position in shares of Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after acquiring an additional 4,839,447 shares in the last quarter. Boston Partners increased its holdings in shares of Newmont by 4,090.7% in the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after acquiring an additional 4,532,263 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Newmont during the 2nd quarter worth about $187,206,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Newmont by 172.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after purchasing an additional 2,723,044 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the sale, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by company insiders.

Newmont Stock Performance

Shares of NEM stock opened at $125.91 on Friday. Newmont Corporation has a 52-week low of $41.23 and a 52-week high of $134.88. The stock’s 50-day moving average price is $110.21 and its 200 day moving average price is $90.86. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $137.40 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally is cited as the direct trigger for the rally in Newmont shares — bullion strength typically lifts Newmont’s revenue and margins. Why Newmont Corporation Stock Popped Today
• Positive Sentiment: Newmont has surged ~73% in six months on record gold prices and project progress, which supports investor sentiment and multiple expansion. Newmont Surges 73% in 6 Months: Buy, Sell or Hold the Stock?
• Positive Sentiment: Analysts expect earnings growth for the quarter, raising the probability of an earnings beat and giving upside risk into the report. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Zacks style/momentum analyses highlight Newmont as a strong momentum stock, which can attract trend-following and quant flows. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Neutral Sentiment: Bank of America slightly trimmed its price target to $134 but kept a Buy rating — a modest model tweak that signals continued analyst support rather than a negative reassessment. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Neutral Sentiment: Zacks’ deeper look at Q4 metrics beyond revenue/EPS identifies items (production, AISC, by?product credits) that could drive post?earnings reaction — watch those line items. Exploring Analyst Estimates for Newmont (NEM) Q4 Earnings, Beyond Revenue and EPS
• Neutral Sentiment: Reminder: Newmont is projected to report quarterly results this week; the print and any guidance will likely be the next major catalyst. Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: Separately, Newmont underperformed some peers on Thursday, highlighting that relative performance risk exists even amid a gold rally. Newmont Corp. stock underperforms Thursday when compared to competitors

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NEM shares. Argus increased their price target on shares of Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Canaccord Genuity Group increased their target price on shares of Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. BMO Capital Markets boosted their price target on shares of Newmont from $114.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, DZ Bank raised Newmont to a “strong-buy” rating in a report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus price target of $130.49.

Newmont Company Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long?lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.