Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $7.61 Million Position in Newmont Corporation $NEM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Newmont Corporation (NYSE:NEM) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,217 shares of the basic materials company’s stock after purchasing an additional 4,503 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Newmont were worth $7,610,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. GoalVest Advisory LLC acquired a new position in shares of Newmont during the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of 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 acquiring an additional 236 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Newmont in the 3rd quarter worth about $27,000. Lodestone Wealth Management LLC bought a new position in Newmont in the 4th quarter valued at about $28,000. Finally, Capital A Wealth Management LLC lifted its position in Newmont by 1,648.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 478 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Up 5.0%

NYSE:NEM opened at $113.65 on Thursday. Newmont Corporation has a 52 week low of $42.93 and a 52 week high of $134.88. The firm has a 50-day moving average price of $116.48 and a two-hundred day moving average price of $101.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The firm has a market cap of $122.73 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.46.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. On average, equities analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd were given a $0.26 dividend. This is an increase 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 was Tuesday, March 3rd. Newmont’s payout ratio is presently 16.28%.

Analyst Ratings Changes

A number of analysts have commented on the company. Sanford C. Bernstein raised Newmont from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $121.00 to $157.00 in a report on Friday, February 27th. BNP Paribas Exane raised their target price on Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Citigroup lifted their target price on Newmont from $118.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Canaccord Genuity Group increased their price target on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $133.78.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total value of $324,000.00. Following the completion of the transaction, the executive vice president owned 55,315 shares in the company, valued at $5,974,020. This represents a 5.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider directly owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by corporate insiders.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector bid lifted Newmont shares today — bullion strength and investor rotation into defensive/mining exposures supported the rally, and Newmont’s updated 2026 outlook and capital-allocation priorities made the stock especially responsive. Newmont gains as gold rebounds and miners catch a bid
• Positive Sentiment: Analyst upgrade: a Seeking Alpha piece upgraded NEM to Buy, arguing the stock is cheap (about 11.5x forward P/E vs. 5‑yr avg ~16.6x), margins should remain elevated absent a major gold collapse, and production growth through 2027–2029 could drive volume and multiple expansion. Newmont: A Falling Golden Knife Worth Catching Now (Upgrade)
• Positive Sentiment: Solid earnings track record — recent coverage (Yahoo Finance / Zacks) highlights Newmont’s history of beating estimates and notes the company currently exhibits the indicators that correlate with another likely earnings beat. This supports bullish sentiment heading into the next report. Will Newmont (NEM) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Broker support: Macquarie issued a Buy on Newmont, reinforcing buy-side interest and adding to recent analyst-positive momentum. Newmont Corporation CHESS (NEM) Gets a Buy from Macquarie
• Neutral Sentiment: Corporate calendar: Newmont will report Q1 2026 results and host a conference call on April 23 — a potential short-term catalyst for volatility around the print. Newmont Announces First Quarter 2026 Results Conference Call
• Neutral Sentiment: Valuation and institutional flows are mixed: multiple analysts have raised price targets (median ~$145) and large funds show both adds and big reductions — this creates potential upside if sentiment normalizes but also means positioning is uneven. Institutional moves & price targets (Quiver)
• Negative Sentiment: Insider selling and large institutional reductions (e.g., UBS significantly trimmed holdings) are flagged in recent flow data — this can weigh on sentiment and suggests some investors are taking profits after the big multi‑year run. Insider & institutional activity (Quiver)
• Negative Sentiment: Commodity sensitivity: analysts caution that downside in gold or weaker-than-expected 2026 execution/grades could quickly reverse gains; some commentary urges tempering expectations for 2026 after a strong 2025. Newmont: Ground Your Expectations For 2026

Newmont 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.