Fifth Third Bancorp Sells 7,712 Shares of Newmont Corporation $NEM

Fifth Third Bancorp lessened its position in shares of Newmont Corporation (NYSE:NEM) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,758 shares of the basic materials company’s stock after selling 7,712 shares during the period. Fifth Third Bancorp’s holdings in Newmont were worth $17,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of Newmont in the second quarter worth about $25,000. Kilter Group LLC bought a new stake in shares of Newmont in the second quarter valued at approximately $26,000. GoalVest Advisory LLC bought a new stake in shares of Newmont in the third quarter valued at approximately $28,000. Winthrop Capital Management LLC purchased a new stake in shares of Newmont during the 3rd quarter valued at approximately $29,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Newmont during the 3rd quarter valued at approximately $30,000. Institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEM. Weiss Ratings raised Newmont from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Royal Bank Of Canada boosted their price objective on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. RBC Dominion Securities set a $155.00 price objective on Newmont and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Sanford C. Bernstein raised their target price on Newmont from $144.00 to $150.00 in a research note on Friday, October 16th. Finally, Canaccord Genuity Group reduced their target price on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 on Monday, November 2nd. The stock was 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 in the company, valued at approximately $10,986,695.64. The trade was 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. Insiders sold a total of 20,646 shares of company stock valued at $2,380,140 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

Newmont Price Performance

NEM stock opened at $113.01 on Friday. The firm has a 50 day simple moving average of $118.01 and a two-hundred day simple moving average of $112.33. The stock has a market cap of $117.44 billion, a PE ratio of 13.14, a P/E/G ratio of 2.45 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 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 posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.27 billion. During the same quarter last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid 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 is 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.