Heritage Wealth Management Inc. Purchases 5,450 Shares of Newmont Corporation $NEM

31 Oct 2026, 10:34 by Michael Walen · The Markets Daily

Heritage Wealth Management Inc. acquired a new position in Newmont Corporation (NYSE:NEM – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,450 shares of the basic materials company’s stock, valued at approximately $629,000.

A number of other large investors have also recently made changes to their positions in NEM. State of Wyoming bought a new stake in Newmont during the third quarter worth approximately $654,000. CHICAGO TRUST Co NA bought a new stake in shares of Newmont in the 3rd quarter worth about $3,091,000. Glenview Trust Co purchased a new position in shares of Newmont during the third quarter valued at approximately $262,000. Renaissance Investment Group LLC bought a new position in Newmont in the 3rd quarter valued at $7,048,000. Finally, Parcion Private Wealth LLC bought a new position in shares of Newmont in the third quarter worth about $1,240,000. 68.85% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $445,692.42. Following the completion of the sale, the chief executive officer owned 127,471 shares in the company, valued at approximately $14,634,945.51. This trade represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the sale, the chief financial officer directly owned 29,324 shares in the company, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 35,973 shares of company stock valued at $3,927,169. Company insiders own 0.06% of the company’s stock.

Newmont Stock Performance

NYSE NEM opened at $106.60 on Friday. The stock has a market cap of $110.78 billion, a PE ratio of 12.40, a P/E/G ratio of 2.04 and a beta of 0.51. The company has a current ratio of 2.45, a quick ratio of 2.16 and a debt-to-equity ratio of 0.15. Newmont Corporation has a twelve month low of $78.60 and a twelve month high of $135.29. The stock has a fifty day simple moving average of $120.62 and a 200-day simple moving average of $112.48.

Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period in the previous year, the firm earned $1.71 EPS. Newmont’s revenue was up 15.2% on a year-over-year basis. Equities analysts anticipate that Newmont Corporation will post 9.11 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Analyst Ratings Changes

Several analysts recently weighed in on NEM shares. Scotiabank decreased their price objective on Newmont from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Tuesday. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price objective (up from $131.00) on shares of Newmont in a report on Monday, August 24th. TD Cowen dropped their price objective on shares of Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. TD increased their price target on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, RBC Dominion Securities set a $155.00 price objective on Newmont and gave the company an “outperform” rating in a report on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Check Out Our Latest Stock Analysis on NEM

About Newmont

(Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.