Continuum Advisory LLC Acquires 10,165 Shares of Newmont Corporation $NEM

Continuum Advisory LLC increased its holdings in Newmont Corporation (NYSE:NEM) by 12.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,320 shares of the basic materials company’s stock after purchasing an additional 10,165 shares during the period. Newmont makes up about 0.8% of Continuum Advisory LLC’s holdings, making the stock its 21st biggest holding. Continuum Advisory LLC’s holdings in Newmont were worth $7,784,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Newmont in the second quarter worth $919,170,000. Invesco Ltd. increased its holdings in shares of Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after buying an additional 4,839,447 shares during the period. Boston Partners lifted its stake in shares of Newmont by 4,090.7% in the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after acquiring an additional 4,532,263 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Newmont by 1,502.5% during the second quarter. Assenagon Asset Management S.A. now owns 4,692,606 shares of the basic materials company’s stock valued at $273,391,000 after buying an additional 4,399,778 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of Newmont during the second quarter valued at $187,206,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer directly owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,240 shares of company stock worth $943,985 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. UBS Group raised their price target on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Scotiabank upgraded shares of Newmont from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $71.50 to $114.00 in a report on Thursday, October 23rd. Argus upped their price objective on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $120.00 target price on shares of Newmont in a research note on Sunday, December 7th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $97.08.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Raymond James raised its price target for NEM to $111 from $99, signaling continued confidence in Newmont’s fundamentals and upside potential. Newmont price target raised to $111 from $99 at Raymond James
• Positive Sentiment: Brokerage coverage remains favorable overall: Newmont has a consensus “Buy” from brokerages, which supports medium‑term investor confidence despite the intraday weakness. Newmont Corporation (NYSE:NEM) Receives Consensus Recommendation of “Buy” from Brokerages
• Positive Sentiment: Analysts and note-writers highlight how much NEM has rallied year‑to‑date (Zacks notes an ~82% six‑month surge) on higher gold prices, stronger cash flow and portfolio focus — a reminder the selloff is coming from a high base. NEM Rallies 82% on Gold Price Upside and Strategic Strength
• Neutral Sentiment: Analysts hold mixed views on NEM today — some lift targets or keep buys while others express caution after the sharp commodity moves, leaving near‑term sentiment split. Analysts Have Mixed Views on Newmont (NEM)
• Negative Sentiment: Metal-price pullback: gold and especially silver retreated from recent records this morning as investors locked in profits; that commodity weakness directly pressured Newmont shares and other miners. Newmont Shares Drop 5% As Gold Slides From Record Highs
• Negative Sentiment: Market commentary explains the stock’s decline as a commodity-driven selloff (silver fell sharply after an overnight spike), prompting broad profit-taking in precious‑metals names. Why Newmont Corporation Stock Crashed Today
• Negative Sentiment: Market‑wide pressure: coverage of broader equity weakness tied to the metals pullback underscores the risk that commodity volatility, not company fundamentals, is driving near‑term moves. Stock Market Live December 29: S&P 500 (VOO) Falls to Start Second Holiday Week

Newmont Trading Down 5.8%

Shares of NYSE NEM opened at $99.66 on Tuesday. Newmont Corporation has a fifty-two week low of $36.86 and a fifty-two week high of $106.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The company has a market cap of $108.75 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.74 and a beta of 0.41. The business’s 50 day moving average price is $90.48 and its 200-day moving average price is $77.97.

Newmont (NYSE:NEM) last announced its quarterly earnings data 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 company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company posted $0.81 EPS. Newmont’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s dividend payout ratio is presently 15.53%.

Newmont Company Profile

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.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.