Knights of Columbus Asset Advisors LLC Acquires New Shares in Newmont Corporation $NEM

Knights of Columbus Asset Advisors LLC bought a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,780 shares of the basic materials company’s stock, valued at approximately $2,512,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEM. Philadelphia Trust Co. purchased a new stake in Newmont in the 3rd quarter worth $15,768,000. Confluence Wealth Services Inc. bought a new position in shares of Newmont during the 3rd quarter valued at about $566,000. AMG National Trust Bank purchased a new position in shares of Newmont during the third quarter valued at about $967,000. Moneco Advisors LLC purchased a new position in shares of Newmont during the third quarter valued at about $1,230,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Newmont during the third quarter valued at about $464,000. Institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NEM shares. The Goldman Sachs Group reduced their target price on Newmont from $127.50 to $119.00 in a report on Thursday, October 8th. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Sanford C. Bernstein raised their price target on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. BNP Paribas Exane raised their price target on Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Finally, Freedom Broker downgraded Newmont from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $116.00 in a research note on Thursday, October 22nd. 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 company’s stock. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Transactions at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares of the company’s stock, valued at $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 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 value of $324,120.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by insiders.

Newmont Price Performance

NEM stock opened at $118.46 on Thursday. Newmont Corporation has a 52 week low of $81.34 and a 52 week high of $135.29. The firm has a market capitalization of $123.10 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56. The company has a fifty day simple moving average of $118.61 and a two-hundred day simple moving average of $112.47. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its earnings results 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. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the previous year, the firm posted $1.71 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued 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 dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is presently 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.