Diversify Advisory Services LLC Has $1.48 Million Holdings in Newmont Corporation $NEM

Diversify Advisory Services LLC boosted its position in Newmont Corporation (NYSE:NEM) by 158.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,173 shares of the basic materials company’s stock after purchasing an additional 11,149 shares during the period. Diversify Advisory Services LLC’s holdings in Newmont were worth $1,483,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its position in 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 purchasing an additional 236 shares in the last quarter. Capital A Wealth Management LLC raised its stake in Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after buying an additional 478 shares during the period. Caldwell Trust Co bought a new position in shares of Newmont in the second quarter valued at approximately $31,000. Country Trust Bank purchased a new position in shares of Newmont in the 2nd quarter worth approximately $32,000. Finally, CoreFirst Bank & Trust bought a new position in Newmont during the second quarter valued at about $32,000. 68.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEM has been the topic of a number of recent research reports. Macquarie Infrastructure upped their price target on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Citigroup increased their price objective on 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 target price on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Stifel Nicolaus upped their target price 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, Canadian Imperial Bank of Commerce reduced their target price on Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $134.15.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a A$226 price target, forecasting strong production growth (roughly 5.3M oz in FY2026 and ~6M oz later), which supports longer-term cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: Citi raised its price target to $150 (from $118) and reiterated a Buy, signaling rising analyst confidence after recent beats and stronger gold prices. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: BofA also increased its price target (to $151) and reiterated a Buy; several outlets note multiple top analysts lifting targets, which has driven recent buying momentum. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Coverage roundup and price-target increases have prompted commentary that Newmont’s valuation and recent earnings strength make it a leading S&P 500 performer over the past two years. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Neutral Sentiment: Zacks and other research outlets continue to highlight Newmont as a top long-term growth/minerals stock based on style scores and bullish earnings estimates, which supports investor interest but is not new fundamental news. Why Newmont Corporation (NEM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Zacks Research/coverage notes bullish Q1 estimates, reinforcing the earnings narrative but offering limited immediate directional impact relative to fresh analyst upgrades. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Negative Sentiment: Short interest rose ~19.7% in February to ~22.4M shares (~2.1% of shares sold short), raising downside pressure and suggesting a small but growing group betting against the stock (short ratio ~2.4 days).
• Negative Sentiment: MarketBeat/Fool coverage flagged two macroeconomic factors driving a recent intraday sell-off — reminders that sentiment and macro moves (rates, dollar, risk appetite) can quickly offset fundamental gains. Why Newmont Corporation Stock Dropped Today

Newmont Trading Up 1.6%

NYSE NEM opened at $118.83 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’s 50-day simple moving average is $117.94 and its two-hundred day simple moving average is $97.81. Newmont Corporation has a twelve month low of $42.66 and a twelve month high of $134.88. The company has a market capitalization of $129.27 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.91 and a beta of 0.39.

Newmont (NYSE:NEM) last announced its quarterly earnings data 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. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $1.40 EPS. Research analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal 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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio (DPR) is presently 16.28%.

Newmont Company 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.