Cassia Capital Partners LLC Acquires 12,036 Shares of Newmont Corporation $NEM

Cassia Capital Partners LLC bought a new stake in Newmont Corporation (NYSE:NEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,036 shares of the basic materials company’s stock, valued at approximately $1,388,000.

A number of other hedge funds have also made changes to their positions in NEM. BlackRock Inc. purchased a new stake in shares of Newmont in the second quarter worth about $11,289,753,000. Van ECK Associates Corp acquired a new stake in shares of Newmont in the second quarter valued at about $671,197,000. Bank of New York Mellon Corp acquired a new stake in shares of Newmont in the second quarter valued at about $1,219,505,000. First Eagle Investment Management LLC acquired a new stake in shares of Newmont in the second quarter valued at about $241,820,000. Finally, Amundi purchased a new stake in shares of Newmont during the 2nd quarter valued at about $209,411,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 4.3%

NEM opened at $119.83 on Wednesday. Newmont Corporation has a 12-month low of $81.34 and a 12-month high of $135.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The stock has a market capitalization of $124.52 billion, a PE ratio of 13.93, a P/E/G ratio of 2.28 and a beta of 0.56. The firm’s fifty day moving average price is $118.69 and its 200 day moving average price is $112.50.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $1.71 EPS. As a group, research analysts expect that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio is 12.09%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the sale, the executive vice president directly owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $419,411.28. Following the sale, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. The trade was a 3.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 20,646 shares of company stock worth $2,380,140. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NEM. National Bank Financial reduced their price target on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. TD Cowen lowered their price objective on shares of Newmont from $133.00 to $131.00 in a research report on Tuesday, October 20th. TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Barclays dropped their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Freedom Broker cut shares of Newmont from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $116.00 in a research report on Thursday, October 22nd. Two investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Newmont Company Profile

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.