Montz Harcus Wealth Management LLC Makes New $519,000 Investment in Newmont Corporation $NEM

Montz Harcus Wealth Management LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,160 shares of the basic materials company’s stock, valued at approximately $519,000.

Several other large investors have also recently modified their holdings of NEM. Norges Bank bought a new position in Newmont during the 2nd quarter worth approximately $919,170,000. Invesco Ltd. boosted its stake in shares of Newmont by 45.0% during the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after purchasing an additional 4,839,447 shares during the period. Amundi boosted its stake in shares of Newmont by 2.8% during the first quarter. Amundi now owns 12,646,114 shares of the basic materials company’s stock valued at $611,187,000 after purchasing an additional 343,535 shares during the period. Legal & General Group Plc grew its holdings in shares of Newmont by 6.3% in the second quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock worth $433,236,000 after purchasing an additional 438,748 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Newmont by 1,502.5% in the second quarter. Assenagon Asset Management S.A. now owns 4,692,606 shares of the basic materials company’s stock worth $273,391,000 after buying an additional 4,399,778 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the transaction, the chief executive officer directly owned 279,923 shares in the company, valued at $22,768,936.82. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,240 shares of company stock worth $943,985 over the last ninety days. Insiders own 0.05% of the company’s stock.

Newmont Stock Performance

Newmont stock opened at $99.66 on Tuesday. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $106.34. The stock’s 50 day simple moving average is $90.48 and its two-hundred day simple moving average is $77.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The stock has a market cap of $108.75 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.74 and a beta of 0.41.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. As a group, analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, November 26th. Newmont’s payout ratio is 15.53%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a report on Monday, December 22nd. CIBC set a $112.00 target price on Newmont and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $111.00 price target on shares of Newmont in a research report on Monday. Argus lifted their price objective on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Finally, Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Five analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Newmont presently has an average rating of “Buy” and a consensus target price of $97.08.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Raymond James raised its price target on Newmont to $111 from $99, citing valuation upside and supportive commodity fundamentals — a near-term analyst-level positive that could cushion the stock. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Context: Zacks notes Newmont rallied ~81.6% over six months on higher gold prices, strong cash flow and portfolio focus — a reminder that the company’s fundamentals and commodity exposure supported a major run-up into year-end. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Analysts are mixed on NEM’s next moves — some lifting targets and others urging caution after the big rally, producing mixed signals for traders looking for clear guidance. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Immediate catalyst for today’s drop: gold and especially silver pulled back from recent record highs, prompting a roughly 5% intraday fall in Newmont shares as traders exited positions. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Silver’s sharp reversal (after a streak of big gains) magnified the move — financial media notes silver fell double the percentage of gold this morning, which hit miners’ stocks harder. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market commentary highlights profit-taking across precious-metals miners after silver peaked overnight and later fell ~8% intraday, a sector-wide headwind affecting Newmont. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

About Newmont

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.