Assenagon Asset Management S.A. Sells 210,310 Shares of Newmont Corporation $NEM

Assenagon Asset Management S.A. lessened its stake in Newmont Corporation (NYSE:NEM) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 550,805 shares of the basic materials company’s stock after selling 210,310 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Newmont worth $54,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NEM. GoalVest Advisory LLC purchased a new position in Newmont in the fourth quarter worth about $25,000. Rosenberg Matthew Hamilton grew its holdings in shares of Newmont by 308.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Newmont by 327.8% during the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. PMV Capital Advisers LLC bought a new stake in shares of Newmont during the fourth quarter valued at approximately $32,000. Finally, JPL Wealth Management LLC purchased a new position in Newmont in the 3rd quarter worth approximately $27,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks compares NEM favorably to Kinross, noting both companies are executing projects, generating stronger cash flow and seeing upward earnings revisions — a constructive fundamental backdrop for Newmont. NEM vs. KGC: Which Gold Mining Stock Is a Better Pick Now?
• Positive Sentiment: Zacks highlights stocks with positive earnings momentum and promotes its Earnings ESP screening — NEM appears in coverage as a name benefiting from upward earnings revisions, which supports valuation and investor interest. Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Basic Materials Names
• Neutral Sentiment: Zacks runs a broader piece urging investors to use the Earnings ESP tool to spot potential surprises; useful for traders but not a specific catalyst for NEM on its own. Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
• Neutral Sentiment: Increased search and attention on Newmont from retail and research audiences — elevated interest can raise liquidity and volatility but is not a direct fundamental change. Investors Heavily Search Newmont Corporation (NEM): Here is What You Need to Know
• Negative Sentiment: Macro/geopolitical headlines (escalation in the Middle East) plus market expectations for higher rates have coincided with weaker gold prices and have pressured Newmont’s share performance in recent weeks. The article notes notable 7- and 30-day declines in the stock. A Look At Newmont (NEM) Valuation As Geopolitics And Rate Expectations Pressure Gold Miners
• Negative Sentiment: Barron’s highlights that plunging gold prices have erased YTD gains and are weighing on mining stocks, reinforcing downside risk to earnings and cash flow if metal prices remain weak. Newmont, Freeport Stocks Drop. Diving Gold Prices Will Continue to Smash Miners.
• Negative Sentiment: An NEM executive sold ~$324,000 of stock — an insider sale that can be perceived negatively by some investors, though size and context matter. Newmont (NYSE:NEM) EVP Sells $324,000.00 in Stock
• Negative Sentiment: Scotiabank trimmed its price target for Newmont to $151, a reduction in forward sentiment that could weigh on investor expectations (the new PT remains above current levels but reflects moderated upside). Scotiabank Cuts Newmont (NYSE:NEM) Price Target to $151.00

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Macquarie Infrastructure upped their price objective on Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. BMO Capital Markets decreased their price target on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Wall Street Zen raised Newmont from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Scotiabank dropped their price objective on Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a research report on Friday, March 20th. Finally, TD Cowen lifted their price objective on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $134.10.

Newmont Price Performance

Shares of NYSE:NEM opened at $98.96 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $107.66 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The firm’s 50 day moving average price is $117.82 and its 200-day moving average price is $100.06. Newmont Corporation has a twelve month low of $42.93 and a twelve month high of $134.88.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. Equities research analysts expect that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s payout ratio is presently 16.28%.

Insider Buying and Selling at Newmont

In related news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. This trade represents a 51.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $108.00, for a total value of $324,000.00. Following the transaction, the executive vice president owned 55,315 shares in the company, valued at $5,974,020. This trade represents a 5.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company’s stock.

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.