Level Four Advisory Services LLC Has $2.86 Million Position in Newmont Corporation $NEM

Key Points

• Level Four Advisory Services raised its stake in Newmont by 48.1% in Q3, owning 33,957 shares worth about $2.86 million after buying an additional 11,034 shares.
• Strong quarterly results: Newmont beat expectations with EPS of $2.52 vs. $1.81 and revenue of $6.82 billion (up 20.6% year-over-year), delivering a 31.25% net margin and robust ROE.
• Analyst sentiment is mostly positive but mixed: several firms lifted price targets (e.g., Citigroup to $150, National Bank to $140) and MarketBeat rates NEM a "Moderate Buy" with an average target of $133.68, while some caution on valuation and short-term volatility (TD Securities cut to "hold").

Level Four Advisory Services LLC raised its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 48.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,957 shares of the basic materials company's stock after buying an additional 11,034 shares during the quarter. Level Four Advisory Services LLC's holdings in Newmont were worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEM. Physician Wealth Advisors Inc. increased its stake in 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 acquiring an additional 236 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Newmont by 53.5% during the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 139 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Newmont in the 3rd quarter valued at approximately $44,000. Capital A Wealth Management LLC raised 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 buying an additional 478 shares in the last quarter. Finally, Caldwell Trust Co bought a new position in shares of Newmont during the 2nd quarter worth approximately $31,000. 68.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

NEM has been the topic of a number of analyst reports. National Bank Financial upped their price target on Newmont from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. TD Securities reduced their target price on shares of Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a research note on Tuesday. Citigroup upped their target price on shares of Newmont from $118.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday. BNP Paribas Exane lifted their price target on shares of Newmont from $97.00 to $123.00 and gave the company a "neutral" rating in a report on Thursday, February 12th. Finally, Argus boosted their price target on shares of Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $133.68.

Newmont Stock Up 0.6%

Shares of NYSE:NEM opened at $119.20 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $129.67 billion, a P/E ratio of 18.65, a P/E/G ratio of 0.96 and a beta of 0.39. Newmont Corporation has a 12 month low of $42.03 and a 12 month high of $134.88. The company's 50-day moving average price is $116.81 and its two-hundred day moving average price is $96.27.

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

Newmont Increases Dividend

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

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citigroup raised its price target sharply (from $118 to $150) and put a "buy" rating on NEM, highlighting upside for the stock and supporting demand from growth-oriented investors. Citigroup raise — Benzinga
• Positive Sentiment: Macro flight-to-safety and bullion strength remain a tailwind: coverage noting that geopolitical risk is boosting gold demand and that Newmont’s recent earnings, record free cash flow and higher dividend make it a preferred sector beneficiary. This supports longer-term flows into NEM. MarketBeat: Markets Seek Shelter as Gold Shines Brightest
• Positive Sentiment: Zacks highlights NEM as a strong momentum stock, which can attract technical and momentum-driven buyers while momentum remains intact. Zacks momentum piece
• Neutral Sentiment: Valuation is getting more attention after a large multi-quarter rally (one-year returns >200%); some coverage asks whether shares are priced for perfection — this raises debate but is not an immediate catalyst. Yahoo Finance: Is it too late?
• Negative Sentiment: Gold prices pulled back after a recent run-up, prompting profit-taking across miners and a sharp intraday slide in NEM; sector correlation to bullion makes Newmont sensitive to short-term metal moves. QuiverQuant: Newmont slides as gold pulls back
• Negative Sentiment: TD Securities trimmed its price target to $118 and moved to a "hold," adding near-term caution for some investors and potentially weighing on sentiment. BayStreet.CA: TD Securities downgrade
• Negative Sentiment: Coverage and intraday analysis point to technical/flow-driven selling (including ex-/record-date dividend flows and reported insider sales cited in market writeups), which can amplify short-term volatility even with strong fundamentals. The Motley Fool: Why NEM dropped

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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