Wolverine Asset Management LLC Has $2.40 Million Stock Holdings in Newmont Corporation $NEM

17 Jan 2026, 14:02 by Kim Johansen · The Markets Daily

Wolverine Asset Management LLC boosted its position in Newmont Corporation (NYSE:NEM – Free Report) by 23.9% during the third quarter, HoldingsChannel.com reports. The fund owned 28,500 shares of the basic materials company’s stock after buying an additional 5,500 shares during the quarter. Wolverine Asset Management LLC’s holdings in Newmont were worth $2,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Concord Wealth Partners raised its holdings in shares of Newmont by 534.7% during the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after buying an additional 385 shares in the last quarter. Evermay Wealth Management LLC grew its position in Newmont by 408.2% in the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 400 shares during the last quarter. Capital A Wealth Management LLC raised its stake in Newmont by 1,648.3% during the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 478 shares in the last quarter. Caldwell Trust Co bought a new position in shares of Newmont in the second quarter worth about $31,000. Finally, Country Trust Bank acquired a new stake in shares of Newmont in the 2nd quarter valued at approximately $32,000. 68.85% of the stock is currently owned by institutional investors.

Newmont Trading Down 0.0%

Shares of NEM stock opened at $114.17 on Friday. Newmont Corporation has a 1-year low of $40.85 and a 1-year high of $115.70. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. The stock has a market cap of $124.59 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 0.85 and a beta of 0.41. The stock has a 50-day moving average of $97.58 and a 200-day moving average of $82.51.

Newmont (NYSE:NEM – Get Free Report) last announced its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.27 by $0.44. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. On average, equities research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Wednesday, November 26th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Newmont’s dividend payout ratio (DPR) is currently 15.53%.

Insider Buying and Selling at Newmont

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the sale, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,160 shares of company stock worth $767,206. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

NEM has been the subject of several research reports. National Bankshares increased their price objective on shares of Newmont from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Jefferies Financial Group restated a “buy” rating and set a $120.00 price objective on shares of Newmont in a research report on Sunday, December 7th. The Goldman Sachs Group increased their target price on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Argus boosted their price target on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Newmont presently has an average rating of “Buy” and a consensus price target of $99.35.

View Our Latest Report on NEM

Newmont Profile

(Free Report)

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.