First Trust Advisors LP Buys 340,112 Shares of Newmont Corporation $NEM

First Trust Advisors LP raised its stake in shares of Newmont Corporation (NYSE:NEM) by 51.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 995,834 shares of the basic materials company’s stock after acquiring an additional 340,112 shares during the quarter. First Trust Advisors LP’s holdings in Newmont were worth $83,959,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC raised its holdings in Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 1,847 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after purchasing an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Newmont during the second quarter valued at approximately $240,000. Atria Investments Inc acquired a new position in shares of Newmont in the second quarter valued at $534,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Newmont in the second quarter valued at $47,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: BofA raised its price target on NEM to $151 and reiterated a Buy — part of a broader analyst re‑rating that supports upside expectations for Newmont. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Citi lifted its price target to $150 (from $118) and reiterated a Buy, signaling renewed confidence in Newmont’s earnings power and valuation. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: Zacks and other outlets highlight bullish Q1 earnings estimates and favorable long‑term growth/valuation metrics, supporting expectations for continued beat‑and‑raise performance. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Positive Sentiment: Wall Street Zen upgraded Newmont to Buy, adding to the momentum from multiple buy‑side and sell‑side upgrades. Wall Street Zen Upgrades Newmont (NYSE:NEM) to Buy
• Neutral Sentiment: Zacks and Yahoo features note Newmont as a trending and top‑growth stock based on style scores and investor attention — useful context but not an immediate price catalyst by itself. Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
• Negative Sentiment: The Motley Fool flagged two macroeconomic factors driving weakness in Newmont today — broader pressure on gold/miners from rates and dollar/market moves — which can mute gains even amid positive analyst actions. Why Newmont Corporation Stock Dropped Today

Newmont Stock Performance

Newmont stock opened at $117.06 on Tuesday. The firm has a market capitalization of $127.34 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.92 and a beta of 0.39. The stock has a fifty day moving average price of $117.60 and a two-hundred day moving average price of $97.47. Newmont Corporation has a 52-week low of $42.03 and a 52-week high of $134.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.18 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. National Bank Financial raised their price objective on shares of Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. DZ Bank upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 19th. BNP Paribas Exane upped their target price on shares of Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, TD Cowen increased their price target on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Newmont presently has a consensus rating of “Buy” and a consensus target price of $134.15.

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.