Avidian Wealth Enterprises LLC Trims Stake in Newmont Corporation $NEM

Avidian Wealth Enterprises LLC lowered its position in Newmont Corporation (NYSE:NEM) by 42.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,130 shares of the basic materials company’s stock after selling 6,631 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Newmont were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. grew its position in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after buying an additional 139 shares during the last quarter. Concord Wealth Partners lifted its stake in shares of Newmont by 534.7% in the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 385 shares during the period. Evermay Wealth Management LLC boosted its holdings in shares of 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 in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Newmont during the third quarter worth about $44,000. Finally, Capital A Wealth Management LLC raised its holdings 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 purchasing an additional 478 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction 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 transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont stock in a transaction that occurred on Monday, November 3rd. The shares were 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. In the last ninety days, insiders have sold 9,160 shares of company stock worth $767,206. 0.05% of the stock is currently owned by insiders.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Broker and analyst upgrades: DZ Bank raised NEM to “strong‑buy,” and aggregated brokerage coverage shows an average “Buy” rating — these endorsements support demand from institutional and retail buyers. DZ Bank Upgrade / Zacks
• Positive Sentiment: Market commentary: A Zacks piece noted Newmont outpaced the market in the latest session, highlighting immediate positive price action and momentum into the close. Why Newmont Corporation (NEM) Outpaced the Stock Market Today
• Positive Sentiment: Bullish fundamental case: A Seeking Alpha article reiterates a “Strong Buy” view, arguing gold and copper price tailwinds, strong profitability, and favorable forward P/E/PEG metrics imply the market may still be undervaluing Newmont’s long‑term prospects. Newmont: Turning Looming Geopolitical Crisis Into Shareholder Value
• Neutral Sentiment: Valuation check: A Yahoo Finance piece reviews NEM’s valuation after the recent run, suggesting investors re‑assess whether the share‑price momentum has priced in the company’s fundamentals and commodity outlook. This is more analytic than directional but may prompt profit‑taking or pause buys. Assessing Newmont (NEM) Valuation After Strong Recent Share Price Momentum
• Neutral Sentiment: Sectors look attractive: A Zacks piece recommending two basic‑materials stocks flags Newmont as part of a broader opportunity set using Earnings ESP and other screens — supportive context but not a firm buy signal on its own. Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
• Positive Sentiment: Consensus backing: Coverage summarized by American Banking News shows brokers’ average rating at “Buy,” reinforcing the buy‑side narrative supporting today’s gains. Newmont Corporation (NYSE:NEM) Receives Average Rating of “Buy” from Brokerages

Newmont Price Performance

NYSE:NEM opened at $121.67 on Friday. Newmont Corporation has a 12-month low of $40.85 and a 12-month high of $123.04. The firm has a market cap of $132.77 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.41. The company’s 50-day moving average is $99.84 and its two-hundred day moving average is $84.14. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. Research analysts expect that Newmont Corporation will post 3.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. CIBC set a $112.00 price target on Newmont and gave the company an “outperformer” rating in a research note on Friday, October 10th. Royal Bank Of Canada upped their price objective on Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Scotiabank raised Newmont from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $71.50 to $114.00 in a report on Thursday, October 23rd. Finally, Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Six research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $99.49.

Newmont 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.