Core Alternative Capital Sells 8,559 Shares of Newmont Corporation $NEM

Core Alternative Capital decreased its holdings in Newmont Corporation (NYSE:NEM) by 11.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,837 shares of the basic materials company’s stock after selling 8,559 shares during the period. Newmont comprises approximately 1.6% of Core Alternative Capital’s investment portfolio, making the stock its 18th biggest holding. Core Alternative Capital’s holdings in Newmont were worth $5,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Newmont by 53.5% during the third 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 raised its stake 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 acquiring an additional 385 shares in the last quarter. Evermay Wealth Management LLC lifted its position in Newmont by 408.2% during 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. Salomon & Ludwin LLC acquired a new stake in Newmont in the third quarter valued at approximately $44,000. Finally, Capital A Wealth Management LLC grew its holdings in Newmont by 1,648.3% in 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 during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont 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 completion of the transaction, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,021,003.24. The trade was a 5.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,160 shares of company stock worth $767,206 over the last ninety days. 0.05% of the stock is owned by insiders.

Newmont Stock Performance

Shares of NYSE NEM opened at $127.02 on Wednesday. The company has a 50 day simple moving average of $102.15 and a two-hundred day simple moving average of $85.90. The stock has a market cap of $138.61 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.97 and a beta of 0.41. 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 Corporation has a 12 month low of $40.99 and a 12 month high of $129.25.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold topping $5,000 is a major catalyst for Newmont because higher spot prices directly boost margins for large producers and support sustained earnings upside; MarketBeat highlights Newmont as a best-in-class beneficiary of this regime. Gold at $5,000—3 Mining Stocks for the Next Gold Rush (NEM)
• Positive Sentiment: Options volatility skew is showing bullish positioning around Newmont, indicating traders expect further upside or are hedging for higher prices—this flow can amplify near-term rallies. Volatility skew is sending a very clear message about Newmont’s (NEM) golden rally
• Positive Sentiment: An independent note raised Newmont’s price target to $140, reflecting analyst confidence in the company’s earnings leverage to the gold rally and supporting higher valuations. Newmont Is A Golden Opportunity The Market Is Undervaluing
• Positive Sentiment: Several outlets (The Motley Fool, Barron’s) note that miners including Newmont are enjoying record profits and strong operational performance as gold rises, reinforcing buy-side interest. Newmont, Freeport, and Other Mining Stocks Jump as Gold Surges. More Gains Are Ahead.
• Positive Sentiment: Analyst coverage and buy recommendations (cited in coverage explaining why NEM “popped”) add momentum—scattered upgrades and favorable notes make shares more attractive to institutional buyers. Why Newmont Corporation Stock Just Popped
• Neutral Sentiment: Zacks notes elevated investor attention to NEM, which can increase liquidity and short-term volatility but doesn’t by itself guarantee directional moves. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Zacks analyst-blog roundup mentioned Newmont among other names — helpful for visibility but a lower-impact item relative to gold price moves and option flow. The Zacks Analyst Blog NextEra, Newmont, Blackstone and Bluerock

Analyst Ratings Changes

A number of research firms have recently weighed in on NEM. TD Securities raised their price objective on Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. UBS Group boosted their price target on Newmont from $105.50 to $125.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. The Goldman Sachs Group increased their price objective on shares of Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research report on Monday, January 12th. Wall Street Zen downgraded shares of Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, TD Cowen raised their price target on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $105.88.

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.