Dakota Wealth Management Sells 6,583 Shares of Newmont Corporation $NEM

Dakota Wealth Management lessened its stake in Newmont Corporation (NYSE:NEM) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,560 shares of the basic materials company’s stock after selling 6,583 shares during the period. Dakota Wealth Management’s holdings in Newmont were worth $19,860,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NEM. Harbor Capital Advisors Inc. increased its stake in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 139 shares during the period. HHM Wealth Advisors LLC grew its holdings in shares of Newmont by 26.4% in the third quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 140 shares during the last quarter. Fielder Capital Group LLC increased its stake in shares of Newmont by 1.7% in the third quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock worth $707,000 after buying an additional 141 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in shares of Newmont by 2.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock worth $566,000 after buying an additional 145 shares during the period. Finally, Welch Group LLC raised its holdings in Newmont by 1.3% during the 3rd quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock valued at $1,027,000 after buying an additional 153 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Strong Q4 results and upgraded capital returns are supporting the rally: analysts and bulls point to beat-and-raise results (EPS and revenue ahead of expectations), record free cash flow and a $1.1B annual dividend plus $3.6B buybacks as reasons to buy. Newmont Mining: $5100 Gold, 14x P/E – Raising My Price Target
• Positive Sentiment: Value-oriented screens rank NEM highly — Zacks style scores flag Newmont as a top-ranked value stock, which can attract longer-term, value-focused inflows. Newmont Corporation (NEM) is a Top-Ranked Value Stock: Should You Buy?
• Neutral Sentiment: Elevated investor attention noted by Zacks/Yahoo — increased searches and coverage can boost liquidity and amplify moves in either direction, depending on follow-through news. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Analyst downgrade pressured the stock intraday — a published downgrade and weaker near-term sentiment forced some selling despite strong fundamentals. Newmont (NYSE:NEM) Stock Price Down 2.6% on Analyst Downgrade
• Negative Sentiment: Critical opinion pieces highlight risks (valuation at current levels, cyclicality, or mine-specific concerns) that can weigh on sentiment and attract short-term sellers. Newmont: 3 Reasons I’m Avoiding This Stock

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane raised their price target on shares of Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $177.00 price target on shares of Newmont in a report on Wednesday, February 4th. TD Cowen increased 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.88.

Newmont Stock Performance

Shares of NEM stock opened at $124.16 on Tuesday. The company has a market capitalization of $135.07 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. Newmont Corporation has a one year low of $41.23 and a one year high of $134.88. The company’s 50-day moving average is $113.61 and its 200 day moving average is $93.72.

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

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. This is an increase from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s dividend payout ratio is currently 15.65%.

Insider Buying and Selling

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’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 completion of the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

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.