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

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Accel Wealth Management increased its stake in shares of Newmont by 0.8% in the 2nd quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after purchasing an additional 115 shares in the last quarter. Compound Planning Inc. raised its holdings 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. raised 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 purchasing an additional 121 shares during the period. Zhang Financial LLC raised its holdings in Newmont by 0.8% in the 1st quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock worth $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 in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Down 1.3%

Shares of NEM stock opened at $118.46 on Thursday. The company has a market capitalization of $123.10 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.17 and a beta of 0.56. Newmont Corporation has a one year low of $81.34 and a one year high of $135.29. The company’s fifty day moving average price is $118.61 and its 200-day moving average price is $112.47. 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 (NYSE:NEM) last released its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The company 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%. Newmont’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 EPS. Sell-side analysts expect that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Insider Transactions at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was 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 directly owned 31,315 shares of the company’s stock, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,646 shares of company stock worth $2,380,140. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NEM shares. Sanford C. Bernstein boosted their price target on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Canadian Imperial Bank of Commerce set a $154.00 price objective on Newmont in a research note on Friday, October 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price objective (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, TD Cowen cut their price objective on Newmont from $133.00 to $131.00 in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Profile

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.