Krilogy Financial LLC Takes $1.27 Million Position in Newmont Corporation $NEM

Krilogy Financial LLC bought a new stake in Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,541 shares of the basic materials company’s stock, valued at approximately $1,269,000.

Several other institutional investors also recently added to or reduced their stakes in NEM. Norges Bank acquired a new stake in shares of Newmont in the second quarter valued at approximately $919,170,000. Invesco Ltd. increased its holdings in shares of Newmont by 45.0% in the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after acquiring an additional 4,839,447 shares during the period. Boston Partners raised its position in Newmont by 4,090.7% in the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after purchasing an additional 4,532,263 shares during the last quarter. LSV Asset Management acquired a new stake in Newmont during the 2nd quarter worth $187,206,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after purchasing an additional 2,723,044 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Bank of America slightly trimmed its price target but kept a Buy rating at $134, signaling continued analyst confidence in Newmont’s outlook. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Positive Sentiment: One or more analysts upgraded Newmont recently, which corresponded with a notable intraday rally on an earlier session — this upgrade momentum can buoy investor sentiment into earnings. Newmont (NYSE:NEM) Stock Price Up 4.8% Following Analyst Upgrade
• Positive Sentiment: Zacks highlights Newmont as a strong momentum stock and notes factors that could support an earnings beat, reinforcing a near-term positive technical and fundamental backdrop. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Positive Sentiment: Recent trading updates showed Newmont advancing while the broader market declined, indicating relative strength that could attract momentum-focused investors. Newmont Corporation (NEM) Advances While Market Declines: Some Information for Investors
• Neutral Sentiment: Zacks expects earnings growth and suggests Newmont has the setup for a potential earnings beat, but this is forward-looking and hinges on commodity prices and production results. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Calendar note: Newmont is projected to report quarterly results this week — investors should watch guidance, production metrics and AISC (all-in sustaining costs). Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: A MarketWatch roundup flagged that Newmont underperformed its competitors on Thursday, which may reflect investor rotation within the sector or concerns about near-term catalysts. Newmont Corp. stock underperforms Thursday when compared to competitors

Insider Transactions at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wall Street Zen lowered Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. TD Cowen upped their price objective on Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Finally, BNP Paribas Exane downgraded Newmont from an “outperform” rating to a “hold” rating and set a $97.00 target price on the stock. in a research note on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.49.

Newmont Trading Down 5.2%

Shares of Newmont stock opened at $118.09 on Friday. The firm has a market cap of $128.87 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.04 and a beta of 0.40. Newmont Corporation has a 52-week low of $41.23 and a 52-week high of $134.88. The company’s 50-day simple moving average is $109.49 and its 200-day simple moving average is $90.43. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

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.