Newmont Corporation $NEM Shares Newly Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp acquired a new stake in Newmont Corporation (NYSE:NEM) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 59,919 shares of the basic materials company’s stock, valued at approximately $6,911,000.

A number of other institutional investors have also recently added to or reduced their stakes in NEM. BlackRock Inc. acquired a new position in Newmont during the second quarter worth about $11,289,753,000. State Street Corp lifted its position in shares of Newmont by 3.1% during 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 acquiring an additional 1,565,716 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Newmont by 5.3% during 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 acquiring an additional 615,461 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Newmont by 2.0% during 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 acquiring an additional 184,586 shares during the period. Finally, Amundi boosted its stake in shares of Newmont by 4.4% during the 1st quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock worth $950,519,000 after acquiring an additional 372,415 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America upped their price target on Newmont from $135.00 to $145.00 in a report on Monday, August 17th. Canadian Imperial Bank of Commerce set a $154.00 price objective on Newmont in a report on Friday, October 16th. RBC Dominion Securities set a $155.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. TD Cowen lowered their target price on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Finally, BNP Paribas Exane raised their price target on Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the completion of the sale, the executive vice president owned 31,315 shares in the company, valued at approximately $3,383,272.60. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company’s stock, 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. Over the last three months, insiders sold 20,646 shares of company stock valued at $2,380,140. Insiders own 0.06% of the company’s stock.

Newmont Trading Down 5.0%

Shares of NEM opened at $112.57 on Friday. 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 firm has a 50 day simple moving average of $118.36 and a 200-day simple moving average of $112.40. Newmont Corporation has a 1-year low of $81.34 and a 1-year high of $135.29. The stock has a market cap of $116.98 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 EPS. Equities analysts forecast that Newmont Corporation will post 9.18 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued 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 of this dividend is Wednesday, November 25th. Newmont’s payout ratio is 12.09%.

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.