Aberdeen Group plc Sells 309,366 Shares of Newmont Corporation $NEM

Aberdeen Group plc decreased its stake in shares of Newmont Corporation (NYSE:NEM) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461,595 shares of the basic materials company’s stock after selling 309,366 shares during the quarter. Aberdeen Group plc owned approximately 0.13% of Newmont worth $123,563,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in shares of Newmont in the 3rd quarter valued at about $165,000. Cherokee Insurance Co purchased a new position in Newmont during the third quarter valued at $211,000. Florida Financial Advisors LLC purchased a new stake in shares of Newmont during the third quarter worth approximately $1,389,000. Camden National Bank boosted its holdings in shares of Newmont by 14.4% during the 3rd quarter. Camden National Bank now owns 4,177 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 527 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in Newmont by 15.7% during the third quarter. Ameritas Advisory Services LLC now owns 12,443 shares of the basic materials company’s stock worth $1,049,000 after purchasing an additional 1,686 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NEM. Scotiabank upped their price target on Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Argus upped their price target on Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Wall Street Zen downgraded shares of Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. BNP Paribas Exane raised their price target on Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Raymond James Financial lifted their price target on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.94.

Insider Activity at Newmont

In other 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally is cited as the direct trigger for the rally in Newmont shares — bullion strength typically lifts Newmont’s revenue and margins. Why Newmont Corporation Stock Popped Today
• Positive Sentiment: Newmont has surged ~73% in six months on record gold prices and project progress, which supports investor sentiment and multiple expansion. Newmont Surges 73% in 6 Months: Buy, Sell or Hold the Stock?
• Positive Sentiment: Analysts expect earnings growth for the quarter, raising the probability of an earnings beat and giving upside risk into the report. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Zacks style/momentum analyses highlight Newmont as a strong momentum stock, which can attract trend-following and quant flows. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Neutral Sentiment: Bank of America slightly trimmed its price target to $134 but kept a Buy rating — a modest model tweak that signals continued analyst support rather than a negative reassessment. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Neutral Sentiment: Zacks’ deeper look at Q4 metrics beyond revenue/EPS identifies items (production, AISC, by‑product credits) that could drive post‑earnings reaction — watch those line items. Exploring Analyst Estimates for Newmont (NEM) Q4 Earnings, Beyond Revenue and EPS
• Neutral Sentiment: Reminder: Newmont is projected to report quarterly results this week; the print and any guidance will likely be the next major catalyst. Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: Separately, Newmont underperformed some peers on Thursday, highlighting that relative performance risk exists even amid a gold rally. Newmont Corp. stock underperforms Thursday when compared to competitors

Newmont Stock Up 6.6%

Shares of Newmont stock opened at $125.91 on Friday. Newmont Corporation has a one year low of $41.23 and a one year high of $134.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The firm has a fifty day moving average of $110.21 and a two-hundred day moving average of $91.05. The company has a market cap of $137.40 billion, a P/E ratio of 19.55, a PEG ratio of 1.05 and a beta of 0.40.

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.