Newmont Corporation $NEM Shares Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its position in shares of Newmont Corporation (NYSE:NEM) by 124.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,250 shares of the basic materials company’s stock after purchasing an additional 183,360 shares during the period. AustralianSuper Pty Ltd’s holdings in Newmont were worth $27,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NEM. Richard C. Young & CO. LTD. purchased a new stake in shares of Newmont during the third quarter worth about $266,000. Level Four Advisory Services LLC grew its holdings in Newmont by 48.1% during the 3rd quarter. Level Four Advisory Services LLC now owns 33,957 shares of the basic materials company’s stock worth $2,863,000 after acquiring an additional 11,034 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Newmont by 33.8% in the 3rd quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock worth $414,270,000 after purchasing an additional 1,244,845 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of Newmont in the 3rd quarter valued at about $1,265,000. Finally, Sprott Inc. lifted its position in shares of Newmont by 64.9% during the third quarter. Sprott Inc. now owns 234,072 shares of the basic materials company’s stock worth $19,735,000 after purchasing an additional 92,126 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

NEM opened at $118.45 on Wednesday. The company has a market capitalization of $128.86 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.08 and a beta of 0.39. 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 1-year low of $41.93 and a 1-year high of $134.88. The business has a 50 day moving average price of $116.52 and a two-hundred day moving average price of $96.11.

Newmont (NYSE:NEM) last issued its quarterly 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 return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the firm earned $1.40 EPS. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. Research analysts predict 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. Investors of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This is a boost from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s dividend payout ratio (DPR) is currently 15.65%.

Analyst Ratings Changes

Several analysts have issued reports on NEM shares. Scotiabank upped their price objective on Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada increased their target price on Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Stifel Nicolaus increased their price objective on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and raised their target price for the company from $121.00 to $157.00 in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $133.68.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Strong fundamentals: Newmont reported a large Q4 beat, record free cash flow and raised shareholder returns (dividend increase), which underpins longer-term investor support. Markets Seek Shelter as Gold Shines Brightest
• Positive Sentiment: Bullish analyst action: Citigroup bumped its price target to $150 and kept a “buy” stance, adding a material upside scenario for the stock. Citigroup Raises PT to $150
• Positive Sentiment: Upgrade tailwind: Sanford C. Bernstein recently upgraded Newmont, supporting investor demand from momentum and institutional buyers. Newmont Upgraded at Sanford C. Bernstein
• Positive Sentiment: Options activity: Unusually heavy call buying suggests some traders were positioned for further upside ahead of today’s moves (can amplify volatility). (No article link)
• Neutral Sentiment: Small analyst trim: TD Securities trimmed its target slightly to $118 with a “hold” rating — a modest change that by itself is unlikely to cause a large move but adds to mixed signals. BayStreet.CA
• Negative Sentiment: Gold pullback / sector profit-taking: Reports point to a retreat in bullion that triggered broad selling across gold miners and forced short-term profit-taking after a recent rally — the most direct driver of today’s decline. Newmont slides as gold pulls back
• Negative Sentiment: Headline coverage of the drop: Market commentary (including The Motley Fool) highlights the sharp, short-term selling and frames the move as tied to shifting risk sentiment rather than company deterioration. Why Newmont Corporation Stock Just Dropped
• Negative Sentiment: Conflicting analyst views & institutional flows: Alongside upgrades, some firms (e.g., CIBC) have cut targets sharply and Quiver’s data shows sizeable institutional rebalancing and insider selling that can exacerbate downside on a weak metals tape. CIBC Cuts Newmont Price Target

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.