41,842 Shares in Newmont Corporation $NEM Acquired by Pinkerton Wealth LLC

Key Points

• Pinkerton Wealth LLC opened a new stake in Newmont, buying 41,842 shares in the third quarter valued at approximately $3.53 million.
• Newmont beat quarterly expectations with $2.52 EPS vs. $1.81 expected and revenue of $6.82 billion (up 20.6% year-over-year), signaling strong operating performance.
• Several analysts raised targets (e.g., BofA to $151, Citi to $150) and MarketBeat’s consensus target is $134.15 while Newmont raised its quarterly dividend to $0.26 (annualized $1.04, ~0.9% yield); institutional investors own about 68.85% of the stock.

Pinkerton Wealth LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,842 shares of the basic materials company's stock, valued at approximately $3,528,000.

Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its holdings in shares of Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock valued at $26,000 after buying an additional 236 shares in the last quarter. Harbor Capital Advisors Inc. boosted 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 acquiring an additional 139 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Newmont during the 3rd quarter worth $44,000. Capital A Wealth Management LLC grew its holdings in shares of Newmont by 1,648.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company's stock worth $30,000 after acquiring an additional 478 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Newmont in the 3rd quarter worth $44,000. 68.85% of the stock is currently owned by institutional investors.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: BofA raised its price target on NEM to $151 and reiterated a Buy — part of a broader analyst re‑rating that supports upside expectations for Newmont. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Citi lifted its price target to $150 (from $118) and reiterated a Buy, signaling renewed confidence in Newmont’s earnings power and valuation. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: Zacks and other outlets highlight bullish Q1 earnings estimates and favorable long‑term growth/valuation metrics, supporting expectations for continued beat‑and‑raise performance. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Positive Sentiment: Wall Street Zen upgraded Newmont to Buy, adding to the momentum from multiple buy‑side and sell‑side upgrades. Wall Street Zen Upgrades Newmont NYSE: NEM to Buy
• Neutral Sentiment: Zacks and Yahoo features note Newmont as a trending and top‑growth stock based on style scores and investor attention — useful context but not an immediate price catalyst by itself. Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
• Negative Sentiment: The Motley Fool flagged two macroeconomic factors driving weakness in Newmont today — broader pressure on gold/miners from rates and dollar/market moves — which can mute gains even amid positive analyst actions. Why Newmont Corporation Stock Dropped Today

Newmont Price Performance

NEM opened at $117.06 on Tuesday. The firm has a market capitalization of $127.34 billion, a P/E ratio of 18.32, a PEG ratio of 0.92 and a beta of 0.39. The stock has a fifty day moving average of $117.60 and a 200-day moving average of $97.47. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Newmont Corporation has a 12-month low of $42.03 and a 12-month high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.71. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Equities analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This is a boost from Newmont's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont's dividend payout ratio (DPR) is presently 16.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NEM shares. UBS Group reduced their target price on Newmont from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 23rd. Canaccord Genuity Group lifted their price target on Newmont from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. BNP Paribas Exane boosted their price objective on Newmont from $123.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. Zacks Research raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 5th. Finally, Stifel Nicolaus raised their target price on shares of Newmont from $120.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Newmont has a consensus rating of "Buy" and a consensus target price of $134.15.

Newmont Company 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.

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