Center For Asset Management LLC Invests $1.60 Million in Newmont Corporation $NEM

Center For Asset Management LLC purchased a new position in shares of Newmont Corporation (NYSE:NEM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,991 shares of the basic materials company’s stock, valued at approximately $1,597,000.

Other large investors also recently modified their holdings of the company. GoalVest Advisory LLC purchased a new stake in shares of Newmont during the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC bought a new position in Newmont in the 4th quarter worth approximately $28,000. Rosenberg Matthew Hamilton boosted its holdings in Newmont by 308.0% in the 4th quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock worth $31,000 after buying an additional 231 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after buying an additional 236 shares during the period. Finally, PMV Capital Advisers LLC bought a new position in Newmont in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other Newmont news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares of the company’s stock, valued at $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 is available at this link. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total transaction of $339,270.00. Following the completion of the transaction, the executive vice president directly owned 52,315 shares of the company’s stock, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,394 shares of company stock valued at $2,713,281. Insiders own 0.06% of the company’s stock.

Newmont Stock Up 1.5%

Shares of NYSE:NEM opened at $114.48 on Wednesday. The firm has a fifty day moving average price of $115.61 and a two-hundred day moving average price of $102.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont Corporation has a one year low of $44.39 and a one year high of $134.88. The company has a market cap of $123.63 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 0.88 and a beta of 0.46.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 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 firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the firm earned $1.40 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. Analysts anticipate that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s payout ratio is 16.28%.

Analyst Upgrades and Downgrades

NEM has been the subject of several analyst reports. Citigroup raised their price objective on shares of Newmont from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. BMO Capital Markets cut their price objective on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, February 20th. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Raymond James Financial raised their price objective on shares of Newmont from $111.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Newmont has an average rating of “Moderate Buy” and a consensus target price of $133.78.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector momentum: Coverage notes that rising gold prices, easing geopolitical tensions and Newmont’s consistent earnings beats have driven renewed investor interest and a strong 7‑day share gain, underpinning valuation support for the stock. Valuation Check After Gold Rebound
• Positive Sentiment: Analyst consensus is favorable: Market data show an average analyst recommendation of “Buy” from ~22 firms, which supports demand and reduces downside risk from negative analyst revisions. Given Average Rating of Buy
• Positive Sentiment: High‑profile media endorsement: Jim Cramer mentioned Newmont positively as part of a gold/portfolio conversation, which can drive retail interest and incremental flows. Jim Cramer Discusses Newmont
• Neutral Sentiment: Repeated buy‑rating reports: Multiple outlets are reporting the same broker consensus (Buy), reinforcing the message but adding limited new information for investors. Given Average Recommendation of Buy
• Negative Sentiment: Short‑term pullback: Recent headlines note the stock dipped in the latest session (around a ~1% decline), signaling some profit‑taking or sector rotation even as the longer‑term trend remains up. Stock Sinks As Market Gains
• Negative Sentiment: Underperformance vs. peers: MarketWatch flagged that Newmont underperformed its competitors on Monday, a sign investors should watch relative operational/commodity exposure and news flow from peers. Stock Underperforms Competitors
• Negative Sentiment: Insider selling: A Newmont EVP sold shares under a 10b5‑1 plan (reported ~3,000 shares / ~$339k disclosed), which can be read as routine liquidity or cause short‑term concern; investors should check the timing and whether sales are pre‑planned. EVP Sells Shares Under 10b5‑1

About Newmont

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.