1,143 Shares in Newmont Co. (NYSE:NEM) Purchased by Kestra Investment Management LLC

22 Feb 2025, 11:49 by Kim Johansen · The Markets Daily

Kestra Investment Management LLC acquired a new position in shares of Newmont Co. (NYSE:NEM – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 1,143 shares of the basic materials company’s stock, valued at approximately $43,000.

Other large investors have also made changes to their positions in the company. E. Ohman J or Asset Management AB raised its holdings in Newmont by 0.4% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 47,942 shares of the basic materials company’s stock valued at $2,562,000 after acquiring an additional 200 shares in the last quarter. Carmel Capital Partners LLC raised its holdings in Newmont by 4.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 5,221 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 226 shares in the last quarter. Studio Investment Management LLC raised its holdings in Newmont by 29.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,149 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 261 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company’s stock valued at $439,000 after acquiring an additional 281 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its holdings in Newmont by 3.6% in the 4th quarter. Fiduciary Financial Group LLC now owns 8,654 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Down 5.9 %

NYSE NEM opened at $45.25 on Friday. The firm has a market cap of $51.52 billion, a PE ratio of -29.77, a price-to-earnings-growth ratio of 0.40 and a beta of 0.52. Newmont Co. has a one year low of $29.42 and a one year high of $58.72. The stock’s 50 day simple moving average is $41.56 and its 200 day simple moving average is $46.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.32 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. As a group, sell-side analysts forecast that Newmont Co. will post 3.11 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be given a $0.25 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. Newmont’s payout ratio is -65.79%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bernstein Bank upped their price target on Newmont from $55.00 to $58.00 in a report on Monday, November 11th. UBS Group lowered Newmont from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. CIBC lowered Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Raymond James lowered their price objective on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Finally, CLSA initiated coverage on Newmont in a research note on Friday, November 29th. They issued an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.37.

View Our Latest Analysis on Newmont

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the transaction, the executive vice president now owns 79,596 shares of the company’s stock, valued at $3,413,872.44. This represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. Following the completion of the transaction, the chief operating officer now directly owns 145,967 shares in the company, valued at approximately $5,838,680. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,154 shares of company stock worth $1,166,843. Insiders own 0.06% of the company’s stock.

Newmont Profile

(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.