Diversify Wealth Management LLC Purchases Shares of 14,046 Newmont Corporation $NEM

Diversify Wealth Management LLC purchased a new stake in shares of Newmont Corporation (NYSE:NEM) in the 1st quarter, Holdings Channel.com reports. The fund purchased 14,046 shares of the basic materials company’s stock, valued at approximately $1,511,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Newmont in the fourth quarter valued at $1,443,128,000. Van ECK Associates Corp lifted its holdings in Newmont by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock worth $2,973,539,000 after buying an additional 5,643,496 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Newmont by 110.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company’s stock valued at $873,011,000 after buying an additional 4,588,018 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Newmont by 82.5% in the 4th quarter. AQR Capital Management LLC now owns 7,402,278 shares of the basic materials company’s stock valued at $739,117,000 after buying an additional 3,345,543 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Newmont by 398.3% in the fourth quarter. Assetmark Inc. now owns 2,870,495 shares of the basic materials company’s stock valued at $286,619,000 after buying an additional 2,294,396 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD upgraded Newmont from hold to buy and set a $127 price target, signaling improved confidence in the stock’s outlook. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its target on Newmont to $147 from $151 but kept a sector outperform rating, so the call remains constructive despite a smaller valuation view. Benzinga
• Neutral Sentiment: National Bank Financial cut its price target to $125 from $140 and maintained a sector perform rating, reflecting a more cautious stance on upside. BayStreet.CA analyst ratings
• Negative Sentiment: A Zacks article warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital and inventory changes, which could pressure margins. Zacks margin outlook article

Insider Activity at Newmont

In other news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the sale, the insider owned 23,163 shares in the company, valued at $2,550,477.93. The trade was a 9.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the transaction, the executive vice president owned 43,315 shares in the company, valued at $4,001,439.70. The trade was a 6.48% 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. In the last quarter, insiders sold 28,556 shares of company stock worth $3,058,146. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD upgraded Newmont from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $129.00 to $127.00 in a research report on Tuesday. Barclays initiated coverage on Newmont in a report on Thursday, May 21st. They issued an “overweight” rating and a $133.00 target price on the stock. The Goldman Sachs Group lowered their price target on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a report on Wednesday, July 1st. BMO Capital Markets dropped their price target on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group dropped their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.64.

Newmont Stock Up 1.7%

Shares of Newmont stock opened at $94.69 on Wednesday. Newmont Corporation has a one year low of $55.37 and a one year high of $134.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The stock’s 50-day moving average is $103.70 and its 200 day moving average is $110.52. The firm has a market cap of $101.08 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.06 and a beta of 0.46.

Newmont (NYSE:NEM) last released its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm’s revenue was up 45.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. Equities research analysts anticipate that Newmont Corporation will post 9.32 EPS for the current year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s dividend payout ratio (DPR) is 13.49%.

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.