Claro Advisors Inc. Makes New Investment in Newmont Corporation $NEM

Claro Advisors Inc. acquired a new stake in Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,446 shares of the basic materials company’s stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. REAP Financial Group LLC acquired a new stake in shares of Newmont in the third quarter valued at approximately $39,000. Quadcap Wealth Management LLC acquired a new position in Newmont during the third quarter worth $548,000. MMA Asset Management LLC acquired a new position in Newmont during the third quarter worth $463,000. QTR Family Wealth LLC bought a new position in Newmont in the third quarter valued at $627,000. Finally, Inscription Capital LLC bought a new position in Newmont in the third quarter valued at $397,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Monday, November 2nd. The shares were 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 owned 31,315 shares of the company’s stock, valued at $3,383,272.60. This trade represents a 8.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 20,646 shares of company stock valued at $2,380,140. Corporate insiders own 0.06% of the company’s stock.

Newmont Stock Performance

Shares of NEM traded up $1.11 during trading hours on Friday, hitting $120.82. The company had a trading volume of 7,881,830 shares, compared to its average volume of 5,960,770. The business has a fifty day moving average of $118.87 and a 200-day moving average of $112.48. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The firm has a market cap of $125.55 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 1.99 and a beta of 0.56. Newmont Corporation has a 12 month low of $81.34 and a 12 month high of $135.29.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion for 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%. Newmont’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. Equities analysts anticipate that Newmont Corporation will post 9.14 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.26 per share. 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 payout ratio is currently 12.09%.

Analyst Ratings Changes

Several brokerages have commented on NEM. National Bank Financial cut their price target on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 20th. BNP Paribas Exane raised their price objective on Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Canaccord Genuity Group lowered their target price on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. TD Cowen lowered their target price on Newmont from $133.00 to $131.00 in a research report on Tuesday, October 20th. Finally, Sanford C. Bernstein upped their target price on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.20.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citi assigned Newmont a Buy rating, a potentially supportive analyst endorsement. The report provided no price target or detailed rationale. Newmont receives a Buy from Citi
• Positive Sentiment: A recent Q3 update cited stronger sales and net income, lower reported costs, and upgraded full-year production guidance—fundamental factors that may support investor optimism. Newmont outlook after stronger Q3 earnings and higher guidance
• Positive Sentiment: Zacks Research raised its FY2028 EPS estimate to $11.38 from $10.81, suggesting improved longer-term earnings expectations, while retaining a Hold rating.
• Neutral Sentiment: Zacks Research made a mixed set of estimate changes: it lowered its FY2027 EPS forecast to $8.89 from $9.26 and cut several quarterly estimates, but raised some 2028 quarterly forecasts. This mixed revision offers no clear near-term earnings signal.
• Negative Sentiment: A report notes Newmont shares moved above their 200-day moving average while also flagging insider selling. The technical breakout is constructive, but insider sales may concern investors; the available report does not specify the size or context of the sales. Newmont shares break above 200-day average amid insider selling

Newmont Profile