Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in Newmont Corporation $NEM

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Newmont Corporation (NYSE:NEM) by 33.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,210 shares of the basic materials company’s stock after selling 7,762 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Newmont were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lockheed Martin Investment Management Co. purchased a new stake in Newmont during the 3rd quarter worth approximately $2,378,000. iA Global Asset Management Inc. grew its stake in shares of Newmont by 6.2% in the third quarter. iA Global Asset Management Inc. now owns 86,344 shares of the basic materials company’s stock worth $7,280,000 after acquiring an additional 5,019 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Newmont during the third quarter worth $570,000. Olympiad Research LP acquired a new stake in shares of Newmont in the third quarter valued at $322,000. Finally, Bailard Inc. purchased a new position in Newmont in the third quarter valued at $269,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont News Summary

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

Insider Buying and Selling at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value 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 trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,160 shares of company stock valued at $767,206 in the last 90 days. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NEM shares. BNP Paribas Exane lowered Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target on the stock. in a research report on Friday, December 5th. Raymond James Financial lifted their price target on shares of Newmont from $111.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Argus boosted their price target on shares of Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Newmont from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $105.88.

Newmont Stock Up 0.9%

Shares of NYSE:NEM opened at $127.02 on Wednesday. The firm has a 50 day simple moving average of $102.15 and a 200-day simple moving average of $85.90. Newmont Corporation has a twelve month low of $40.99 and a twelve month high of $129.25. 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 company has a market capitalization of $138.61 billion, a PE ratio of 19.72, a P/E/G ratio of 0.97 and a beta of 0.41.

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.