Newmont Corporation $NEM is PKO Investment Management Joint Stock Co's 8th Largest Position

Key Points

• PKO Investment Management trimmed its stake by 12.9% in Newmont during Q4 to 287,953 shares, making NEM its 8th-largest holding valued at about $28.75 million.
• Newmont beat recent quarterly estimates, reporting EPS of $2.90 vs. $2.07 and revenue of $7.31B (up 45.8% year‑over‑year), while analysts maintain a consensus Moderate Buy rating with an average price target of $142.51.
• Insiders sold 24,394 shares in the last quarter (≈$2.71M), including sales by David James Fry and EVP Peter Toth, and the company declared a quarterly dividend of $0.26 (annualized $1.04, 1.0% yield; ex‑dividend May 27).

PKO Investment Management Joint Stock Co trimmed its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,953 shares of the basic materials company's stock after selling 42,600 shares during the period. Newmont accounts for 2.3% of PKO Investment Management Joint Stock Co's holdings, making the stock its 8th biggest position. PKO Investment Management Joint Stock Co's holdings in Newmont were worth $28,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NEM. Estate Counselors LLC acquired a new position in shares of Newmont during the 3rd quarter worth about $4,182,000. CWM LLC lifted its stake in Newmont by 64.6% in the 4th quarter. CWM LLC now owns 202,892 shares of the basic materials company's stock valued at $20,259,000 after purchasing an additional 79,617 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in Newmont by 124.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company's stock valued at $27,843,000 after purchasing an additional 183,360 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Newmont by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company's stock worth $30,775,000 after purchasing an additional 54,530 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in Newmont by 286.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company's stock worth $5,101,000 after purchasing an additional 44,846 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity at Newmont

In related news, insider David James Fry sold 18,394 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares of the company's stock, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president owned 52,315 shares in the company, valued at approximately $5,916,303.35. This trade represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,394 shares of company stock valued at $2,713,281. 0.06% of the stock is currently owned by corporate insiders.

Newmont Trading Down 2.3%

NEM stock opened at $108.58 on Friday. Newmont Corporation has a 52 week low of $48.27 and a 52 week high of $134.88. The company has a market capitalization of $115.91 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.98 and a beta of 0.43. The company's 50-day simple moving average is $113.57 and its 200 day simple moving average is $105.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The business's revenue for the quarter was up 45.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.47 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, May 27th. Newmont's payout ratio is 13.49%.

Analyst Ratings Changes

Several research firms have issued reports on NEM. Canadian Imperial Bank of Commerce dropped their price objective on Newmont from $177.00 to $176.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. Argus boosted their target price on Newmont from $94.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on Newmont from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. TD Securities reaffirmed a "hold" rating and set a $129.00 price target on shares of Newmont in a report on Monday, April 27th. Finally, BMO Capital Markets lifted their price objective on shares of Newmont from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.51.

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.

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