New Mexico Educational Retirement Board Acquires 54,280 Shares of Newmont Corporation $NEM

New Mexico Educational Retirement Board bought a new position in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 54,280 shares of the basic materials company’s stock, valued at approximately $6,261,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Newmont in the 2nd quarter worth $11,289,753,000. Van ECK Associates Corp acquired a new position in shares of Newmont during the second quarter valued at about $671,197,000. Bank of New York Mellon Corp acquired a new position in shares of Newmont during the second quarter valued at about $1,219,505,000. First Eagle Investment Management LLC acquired a new position in shares of Newmont during the second quarter valued at about $241,820,000. Finally, Amundi bought a new stake in shares of Newmont in the second quarter valued at about $209,411,000. Institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEM shares. Canadian Imperial Bank of Commerce set a $154.00 target price on Newmont in a research report on Friday, October 16th. BMO Capital Markets boosted their price target on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $140.00 price target (up from $131.00) on shares of Newmont in a report on Monday, August 24th. Jefferies Financial Group raised their price objective on Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Finally, Freedom Broker lowered Newmont from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. Two equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm’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 transaction of $324,120.00. Following the completion of the sale, the executive vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of 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 disclosure for this sale is available in the SEC filing. 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. Insiders have sold a total of 20,646 shares of company stock valued at $2,380,140 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Newmont Stock Down 1.3%

Shares of NEM opened at $118.46 on Thursday. The company has a 50-day moving average price of $118.61 and a two-hundred day moving average price 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. The stock has a market cap of $123.10 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 2.17 and a beta of 0.56. 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 (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. Equities analysts predict that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio is presently 12.09%.

Newmont Company 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.