CENTRAL TRUST Co Purchases New Shares in Newmont Corporation $NEM

CENTRAL TRUST Co acquired a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,455 shares of the basic materials company’s stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Accel Wealth Management lifted 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 valued at $1,377,000 after buying an additional 115 shares in the last quarter. Compound Planning Inc. raised its position in Newmont by 0.6% in the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after purchasing an additional 121 shares during the period. Center for Financial Planning Inc. lifted its holdings in Newmont by 6.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after buying an additional 121 shares during the period. Zhang Financial LLC boosted its holdings in shares of Newmont by 0.8% during the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock valued at $1,707,000 after buying an additional 124 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its holdings in Newmont by 3.0% in the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock worth $469,000 after buying an additional 127 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $113.01 on Friday. The firm has a market capitalization of $117.44 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.45 and a beta of 0.56. The company’s fifty day moving average price is $118.01 and its two-hundred day moving average price is $112.33. 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 Corporation has a 12 month low of $81.34 and a 12 month high of $135.29.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The business 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 company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. On average, research analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal 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 paid 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 dividend payout ratio is presently 12.09%.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $419,411.28. Following the transaction, the chief executive officer owned 101,691 shares of the company’s stock, valued at $10,986,695.64. This trade represents a 3.68% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NEM shares. The Goldman Sachs Group decreased their price target on shares of Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a research report on Friday, October 16th. Scotiabank lowered their target price on Newmont from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Sanford C. Bernstein lifted their target price on shares of Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Finally, Barclays dropped their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.