Newmont Corporation $NEM Shares Acquired by Range Financial Group LLC

Range Financial Group LLC increased its position in shares of Newmont Corporation (NYSE:NEM) by 34.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,190 shares of the basic materials company’s stock after acquiring an additional 6,734 shares during the quarter. Range Financial Group LLC’s holdings in Newmont were worth $2,208,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in shares of Newmont by 53.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 139 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in Newmont by 2.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 145 shares during the last quarter. Welch Group LLC lifted its position in Newmont by 1.3% during the third quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock worth $1,027,000 after buying an additional 153 shares during the period. Hemington Wealth Management lifted its position in Newmont by 17.6% during the second quarter. Hemington Wealth Management now owns 1,135 shares of the basic materials company’s stock worth $66,000 after buying an additional 170 shares during the period. Finally, IVC Wealth Advisors LLC boosted its stake in Newmont by 1.3% in the 2nd quarter. IVC Wealth Advisors LLC now owns 13,947 shares of the basic materials company’s stock worth $813,000 after buying an additional 173 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NEM shares. Argus increased their price objective on shares of Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Raymond James Financial reaffirmed an “outperform” rating and set a $111.00 price target on shares of Newmont in a research note on Monday. UBS Group boosted their price objective on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Citigroup upped their price objective on Newmont from $74.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 22nd. 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, Newmont currently has an average rating of “Buy” and a consensus target price of $97.08.

Newmont Stock Down 5.8%

Newmont stock opened at $99.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. Newmont Corporation has a one year low of $36.86 and a one year high of $106.34. The company has a 50-day simple moving average of $90.48 and a 200-day simple moving average of $77.97. The firm has a market capitalization 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.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (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 firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business posted $0.81 EPS. Newmont’s revenue was up 20.0% on a year-over-year basis. As a group, equities analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th were issued 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 of this dividend was Wednesday, November 26th. Newmont’s dividend payout ratio (DPR) is 15.53%.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer directly owned 279,923 shares in the company, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,240 shares of company stock worth $943,985. Company insiders own 0.05% of the company’s stock.

Trending Headlines about Newmont

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

Newmont Profile

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.