Newmont Corporation $NEM Shares Newly Acquired by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management acquired 402,053 Newmont shares in the third quarter, valued at approximately $46.5 million; the position represents 3.2% of its portfolio and is its 10th-largest holding.
• Institutional investors and hedge funds own 68.85% of Newmont shares. Analysts’ consensus rating is “Moderate Buy,” with an average target price of $137.20.
• Newmont’s latest quarterly results exceeded estimates, with EPS of $2.20 versus $1.94 expected and revenue up 15.2% year over year to $6.36 billion.

Euro Pacific Asset Management LLC bought a new position in Newmont Corporation (NYSE:NEM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 402,053 shares of the basic materials company's stock, valued at approximately $46,477,000. Newmont comprises 3.2% of Euro Pacific Asset Management LLC's portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Newmont during the 2nd quarter worth approximately $11,289,753,000. State Street Corp lifted its stake in Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company's stock valued at $4,893,852,000 after purchasing an additional 1,565,716 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Newmont by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company's stock valued at $1,324,757,000 after purchasing an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Newmont by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company's stock valued at $1,012,792,000 after purchasing an additional 184,586 shares during the last quarter. Finally, Amundi boosted its position in Newmont by 4.4% in the first quarter. Amundi now owns 8,780,775 shares of the basic materials company's stock valued at $950,519,000 after buying an additional 372,415 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NEM shares. Canaccord Genuity Group decreased their target price on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Barclays dropped their price target on Newmont from $124.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Citigroup raised their price objective on Newmont from $125.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, October 20th. BMO Capital Markets boosted their price objective on Newmont from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 29th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (up from $131.00) on shares of Newmont in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Newmont currently has an average rating of "Moderate Buy" and a consensus target price of $137.20.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Stock Down 0.1%

Shares of NYSE NEM opened at $120.82 on Monday. The company has a 50 day simple moving average of $118.87 and a 200 day simple moving average of $112.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont Corporation has a 1 year low of $81.34 and a 1 year high of $135.29. The firm has a market cap of $125.55 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.20 and a beta of 0.56.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm posted $1.71 EPS. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts forecast that Newmont Corporation will post 9.14 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont's dividend payout ratio (DPR) is presently 12.09%.

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the completion of the sale, the chief executive officer directly owned 131,353 shares in the company, valued at approximately $16,156,419. This represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 20,646 shares of company stock worth $2,380,140. 0.06% of the stock is owned by company insiders.

About Newmont

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