853,388 Shares of Newmont Corporation $NEM Purchased by Danske Bank A S

Key Points

• Danske Bank acquired 853,388 Newmont shares in the third quarter, worth about $98.4 million and representing 0.08% of the company.
• Newmont reported quarterly EPS of $2.20, beating the $1.94 consensus estimate; revenue rose 15.2% year over year to $6.36 billion.
• Analysts have a consensus “Moderate Buy” rating and a $137.20 price target. Newmont shares were trading at $113.01 in the article.

Danske Bank A S acquired a new position in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 853,388 shares of the basic materials company's stock, valued at approximately $98,430,000. Danske Bank A S owned 0.08% of Newmont as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEM. Accel Wealth Management boosted its stake in shares of Newmont by 0.8% in the 2nd quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company's stock valued at $1,377,000 after purchasing an additional 115 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company's stock worth $2,294,000 after buying an additional 121 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Newmont by 6.7% during the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company's stock worth $222,000 after buying an additional 121 shares during the last quarter. Zhang Financial LLC lifted its holdings in Newmont by 0.8% in the first quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company's stock valued at $1,707,000 after buying an additional 124 shares during the period. Finally, Heartland Bank & Trust Co lifted its holdings in Newmont by 3.0% in the first quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company's stock valued at $469,000 after buying an additional 127 shares during the period. 68.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer directly owned 131,353 shares in the company, valued at $16,156,419. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $3,383,272.60. This trade represents a 8.74% 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. Over the last ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of recent research reports. Wall Street Zen cut shares of Newmont from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Freedom Broker cut shares of Newmont from a "buy" rating to a "hold" rating and dropped their target price for the company from $130.00 to $116.00 in a research report on Thursday, October 22nd. RBC Dominion Securities set a $155.00 price target on Newmont and gave the company an "outperform" rating in a research note on Thursday, October 22nd. Argus set a $110.00 price target on Newmont and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, TD Cowen reduced their price target on Newmont from $133.00 to $131.00 in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.

Newmont Trading Up 0.3%

NYSE:NEM traded up $0.37 on Friday, reaching $113.01. The company's stock had a trading volume of 4,742,359 shares, compared to its average volume of 7,137,875. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The firm has a market cap of $117.44 billion, a PE ratio of 13.14, a PEG ratio of 2.45 and a beta of 0.56. The business's 50-day moving average price is $118.01 and its two-hundred day moving average price is $112.33.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Newmont Corporation will post 9.18 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont's payout ratio is currently 12.09%.

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.

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