Newmont Corporation $NEM Shares Newly Bought by Searle & CO.

Searle & CO. acquired a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,877 shares of the basic materials company’s stock, valued at approximately $678,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new stake in shares of Newmont in the 3rd quarter worth about $28,000. Financial Management Professionals Inc. acquired a new stake in shares of Newmont during the third quarter worth $30,000. Clearstead Trust LLC bought a new position in Newmont during the 2nd quarter worth approximately $25,000. Signature Equity Partners LLC bought a new stake in shares of Newmont in the third quarter worth about $32,000. Finally, Kilter Group LLC bought a new stake in shares of Newmont during the second quarter worth $26,000. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Down 4.3%

NEM stock opened at $119.83 on Wednesday. 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’s 50 day moving average is $118.69 and its 200-day moving average is $112.50. Newmont Corporation has a twelve month low of $81.34 and a twelve month high of $135.29. The firm has a market capitalization of $124.52 billion, a PE ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56.

Newmont (NYSE:NEM) last issued its quarterly 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 company 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 earned $1.71 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

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

Wall Street Analysts Forecast Growth

NEM has been the subject of a number of research reports. Scotiabank decreased their price objective on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Barclays cut their target price on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Raymond James Financial restated an “outperform” rating and issued a $140.00 price target (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Bank of America upped their price objective on Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Two research 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. According to data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 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 value 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. The trade was a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 approximately $16,156,419. This represents a 2.87% 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. Insiders sold 20,646 shares of company stock valued at $2,380,140 over the last quarter. 0.06% of the stock is owned by company insiders.

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.