Thrivent Financial for Lutherans Purchases 88,279 Shares of Newmont Corporation $NEM

Thrivent Financial for Lutherans increased its position in Newmont Corporation (NYSE:NEM) by 131.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,592 shares of the basic materials company’s stock after buying an additional 88,279 shares during the period. Thrivent Financial for Lutherans’ holdings in Newmont were worth $13,118,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lee Financial Co increased its stake in Newmont by 2.4% in the 3rd quarter. Lee Financial Co now owns 31,915 shares of the basic materials company’s stock worth $2,691,000 after acquiring an additional 755 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of Newmont by 14.1% during the 3rd quarter. Independent Advisor Alliance now owns 19,399 shares of the basic materials company’s stock valued at $1,636,000 after acquiring an additional 2,393 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Newmont by 1.9% in the third quarter. Frank Rimerman Advisors LLC now owns 8,216 shares of the basic materials company’s stock valued at $693,000 after purchasing an additional 156 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in shares of Newmont by 26.6% in the third quarter. Everhart Financial Group Inc. now owns 13,716 shares of the basic materials company’s stock valued at $1,156,000 after purchasing an additional 2,878 shares in the last quarter. Finally, Keybank National Association OH increased its position in Newmont by 1.4% in the third quarter. Keybank National Association OH now owns 976,733 shares of the basic materials company’s stock worth $82,348,000 after purchasing an additional 13,672 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: National Bankshares raised its price target from $120 to $140 and moved to an “outperform” rating, signaling meaningful upside from current levels. BayStreet Analyst Note
• Positive Sentiment: Morgans issued a positive research note on NEM, providing additional sell-side support. Globe and Mail: Morgans Report
• Positive Sentiment: Zacks and other outlets highlight Newmont’s strong free cash flow ($1.6B) and $5.7B returned via dividends/buybacks, reinforcing the company’s capital-return profile and valuation appeal. Zacks: Cash Flow Story
• Positive Sentiment: Zacks also profiles NEM as a top long-term growth candidate among gold names, and a separate Zacks piece lists Newmont among miners likely to beat Q4 estimates—both supportive for sentiment. Zacks Growth Note Zacks Earnings Preview
• Positive Sentiment: Sector tailwinds: a sharp rebound in gold pushed Newmont higher earlier in the week, and bullish coverage from outlets like Forbes highlights margin strength and low leverage. Benzinga: Gold Rebound Forbes: Rally Analysis
• Neutral Sentiment: Newmont told the ASX it remains compliant with NYSE rules as an ASX foreign-exempt listing — a regulatory/administrative update that reduces execution risk but is unlikely to move the stock materially. TipRanks: ASX Compliance

Insider Activity

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 completion of the transaction, the director owned 32,709 shares in the company, valued at $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by company insiders.

Newmont Price Performance

NEM stock opened at $116.93 on Thursday. The stock has a market cap of $127.60 billion, a PE ratio of 18.16, a P/E/G ratio of 0.90 and a beta of 0.40. Newmont Corporation has a 12 month low of $41.23 and a 12 month high of $134.88. The company has a 50-day moving average price of $106.20 and a 200 day moving average price of $88.27. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of Newmont in a research report on Monday, January 12th. Raymond James Financial upped their target price on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. The Goldman Sachs Group boosted their price objective on Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Six analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $117.11.

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.