Newmont Corporation $NEM Shares Newly Purchased by Providence First Trust Co

Providence First Trust Co purchased a new stake in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,943 shares of the basic materials company’s stock, valued at approximately $801,000.

Other institutional investors also recently modified their holdings of the company. Accel Wealth Management raised its position in Newmont by 0.8% in the 2nd 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 during the last quarter. Compound Planning Inc. boosted its position in Newmont by 0.6% during the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after acquiring an additional 121 shares during the last quarter. Center for Financial Planning Inc. boosted its position in Newmont by 6.7% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 121 shares during the last quarter. Zhang Financial LLC grew its stake 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 worth $1,707,000 after acquiring an additional 124 shares in the last quarter. Finally, Heartland Bank & Trust Co grew its stake in shares of Newmont by 3.0% during the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock worth $469,000 after acquiring an additional 127 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction 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 completion of the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated 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. The trade was a 8.74% 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. Over the last ninety days, insiders sold 20,646 shares of company stock worth $2,380,140. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEM shares. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. TD Cowen lowered their target price on shares of Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Sanford C. Bernstein upped their price objective on Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Finally, Citigroup upped their price objective on shares of Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. Two research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Stock Performance

Shares of NYSE:NEM traded up $1.11 during trading on Friday, reaching $120.82. 7,881,830 shares of the stock were exchanged, compared to its average volume of 5,960,770. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29. The firm has a market cap of $125.55 billion, a PE ratio of 14.05, a PEG ratio of 1.99 and a beta of 0.56. The stock has a 50-day moving average price of $118.87 and a 200-day moving average price of $112.48. The company has a current ratio of 2.45, a quick ratio of 2.16 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 EPS for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 earnings per share. Research analysts expect that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio is currently 12.09%.

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