Perigon Wealth Management LLC Grows Holdings in Newmont Corporation $NEM

Perigon Wealth Management LLC grew its position in shares of Newmont Corporation (NYSE:NEM) by 33.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,377 shares of the basic materials company’s stock after purchasing an additional 9,547 shares during the quarter. Perigon Wealth Management LLC’s holdings in Newmont were worth $3,236,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 1,847 shares during the period. Ieq Capital LLC grew its position in shares of Newmont by 30.4% in the first quarter. Ieq Capital LLC now owns 8,410 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 1,960 shares during the period. Vident Advisory LLC grew its position in shares of Newmont by 7.6% in the first quarter. Vident Advisory LLC now owns 47,907 shares of the basic materials company’s stock valued at $2,313,000 after purchasing an additional 3,387 shares during the period. Baird Financial Group Inc. increased its stake in Newmont by 25.6% in the first quarter. Baird Financial Group Inc. now owns 564,165 shares of the basic materials company’s stock valued at $27,238,000 after purchasing an additional 114,888 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in Newmont during the first quarter worth about $825,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Transactions at Newmont

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the sale, the chief executive officer directly owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,240 shares of company stock valued at $943,985. Insiders own 0.05% of the company’s stock.

Newmont Price Performance

NEM opened at $99.66 on Tuesday. Newmont Corporation has a 52-week low of $36.86 and a 52-week high of $106.34. The company has a 50 day moving average of $90.48 and a two-hundred day moving average of $77.97. The company has a market cap of $108.75 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.74 and a beta of 0.41. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, November 26th. Newmont’s payout ratio is currently 15.53%.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Securities lifted their price target on Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. BNP Paribas Exane downgraded shares of Newmont from an “outperform” rating to a “neutral” rating and set a $97.00 target price for the company. in a report on Friday, December 5th. Scotiabank raised shares of Newmont from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $71.50 to $114.00 in a research report on Thursday, October 23rd. Royal Bank Of Canada lifted their price target on shares of Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, Raymond James Financial reissued an “outperform” rating and set a $111.00 price objective on shares of Newmont in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Newmont currently has an average rating of “Buy” and a consensus target price of $97.08.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Raymond James raised its price target for NEM to $111 from $99, signaling continued confidence in Newmont’s fundamentals and upside potential. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Brokerage coverage remains favorable overall: Newmont has a consensus “Buy” from brokerages, which supports medium‑term investor confidence despite the intraday weakness. Newmont Corporation (NYSE:NEM) Receives Consensus Recommendation of “Buy” from Brokerages
• Positive Sentiment: Analysts and note-writers highlight how much NEM has rallied year‑to‑date (Zacks notes an ~82% six‑month surge) on higher gold prices, stronger cash flow and portfolio focus — a reminder the selloff is coming from a high base. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Analysts hold mixed views on NEM today — some lift targets or keep buys while others express caution after the sharp commodity moves, leaving near‑term sentiment split. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Metal-price pullback: gold and especially silver retreated from recent records this morning as investors locked in profits; that commodity weakness directly pressured Newmont shares and other miners. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Market commentary explains the stock’s decline as a commodity-driven selloff (silver fell sharply after an overnight spike), prompting broad profit-taking in precious‑metals names. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market‑wide pressure: coverage of broader equity weakness tied to the metals pullback underscores the risk that commodity volatility, not company fundamentals, is driving near‑term moves. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.