Newmont Corporation (NYSE:NEM) Shares Acquired by Mather Group LLC.

02 Jul 2025, 10:22 by Renee Jackson · The Cerbat Gem

Mather Group LLC. grew its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,967 shares of the basic materials company’s stock after acquiring an additional 12,494 shares during the quarter. Mather Group LLC.’s holdings in Newmont were worth $2,219,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. First Trust Advisors LP increased its stake in Newmont by 9.9% during the 4th quarter. First Trust Advisors LP now owns 96,040 shares of the basic materials company’s stock valued at $3,575,000 after purchasing an additional 8,678 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Newmont during the first quarter valued at $423,000. Teacher Retirement System of Texas raised its stake in Newmont by 773.7% in the 4th quarter. Teacher Retirement System of Texas now owns 67,461 shares of the basic materials company’s stock worth $2,511,000 after acquiring an additional 59,740 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Newmont during the 1st quarter worth about $202,000. Finally, Spire Wealth Management lifted its position in Newmont by 125.0% during the 1st quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 1,309 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president directly owned 77,526 shares of the company’s stock, valued at approximately $4,193,381.34. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total value of $112,344.93. Following the sale, the director owned 45,180 shares of the company’s stock, valued at approximately $2,443,786.20. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,154 shares of company stock valued at $381,539. Insiders own 0.05% of the company’s stock.

Newmont Stock Up 1.0%

Newmont stock opened at $58.82 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The stock has a market capitalization of $65.47 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.77 and a beta of 0.33. The business has a 50 day simple moving average of $54.33 and a 200-day simple moving average of $47.81. Newmont Corporation has a 12 month low of $36.86 and a 12 month high of $60.31.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.54. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Newmont had a net margin of 25.77% and a return on equity of 15.75%. During the same quarter last year, the company earned $0.55 EPS. On average, analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. Newmont’s dividend payout ratio is currently 22.42%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Newmont in a research note on Thursday, April 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Newmont in a report on Friday, April 25th. Argus set a $63.00 target price on shares of Newmont in a report on Friday, April 25th. National Bankshares restated a “sector perform” rating on shares of Newmont in a research report on Tuesday, June 24th. Finally, UBS Group raised Newmont from a “neutral” rating to a “buy” rating and increased their price target for the stock from $50.00 to $60.00 in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Read Our Latest Report on NEM

About Newmont

(Free Report)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.