38,160 Shares of Newmont Corporation $NEM Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Newmont Corporation (NYSE:NEM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 38,160 shares of the basic materials company’s stock, valued at approximately $4,401,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Newmont during the 2nd quarter worth approximately $11,289,753,000. State Street Corp lifted its holdings in shares of Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock worth $4,893,852,000 after acquiring an additional 1,565,716 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Newmont by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock worth $1,324,757,000 after acquiring an additional 615,461 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $1,012,792,000 after purchasing 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 purchasing an additional 372,415 shares during the period. 68.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen cut their price target on shares of Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. The Goldman Sachs Group lowered their price objective on shares of Newmont from $127.50 to $119.00 in a research note on Thursday, October 8th. Freedom Broker lowered Newmont from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $116.00 in a report on Thursday, October 22nd. National Bank Financial lowered their price target on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Finally, Jefferies Financial Group raised their price objective on Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Transactions at Newmont

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 transaction, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. This trade represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% 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. In the last quarter, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by insiders.

Newmont Price Performance

NYSE:NEM opened at $112.57 on Friday. The firm 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 Corporation has a 1-year low of $81.34 and a 1-year 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 company has a 50 day moving average price of $118.36 and a 200-day moving average price of $112.40.

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

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given 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%.

Newmont 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.