21,200 Shares in Newmont Corporation $NEM Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new position in Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,200 shares of the basic materials company’s stock, valued at approximately $2,445,000.

Other hedge funds have also bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in shares of Newmont during the second quarter worth $25,000. Kilter Group LLC bought a new position in shares of Newmont in the second quarter worth $26,000. GoalVest Advisory LLC bought a new position in shares of Newmont in the third quarter worth $28,000. Winthrop Capital Management LLC purchased a new position in shares of Newmont in the third quarter valued at $29,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Newmont in the third quarter valued at $30,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 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 transaction of $324,120.00. Following the completion of the transaction, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 completion of the transaction, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. This represents a 3.68% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 20,646 shares of company stock valued at $2,380,140 in the last three months. 0.06% of the stock is owned by corporate insiders.

Newmont Stock Performance

NYSE NEM opened at $118.46 on Thursday. The company’s 50 day simple moving average is $118.61 and its two-hundred day simple moving average 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 Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The stock has a market capitalization of $123.10 billion, a PE ratio of 13.77, a P/E/G ratio of 2.17 and a beta of 0.56.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 34.73% and a return on equity of 29.81%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. Analysts predict that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Dividend Announcement

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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Analyst Ratings Changes

A number of analysts recently issued reports on NEM shares. Canadian Imperial Bank of Commerce set a $154.00 price objective on Newmont in a research note on Friday, October 16th. Jefferies Financial Group raised their target price on Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays reduced their target price on Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Argus set a $110.00 price target on Newmont and gave the company a “buy” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

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.