Decker Wealth Management LLC Purchases New Stake in Newmont Corporation $NEM

Decker Wealth Management LLC acquired a new position in Newmont Corporation (NYSE:NEM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,614 shares of the basic materials company’s stock, valued at approximately $932,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Newmont by 64.6% in the 4th quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock worth $20,259,000 after acquiring an additional 79,617 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Newmont by 24.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock valued at $30,775,000 after purchasing an additional 54,530 shares during the last quarter. Leonteq Securities AG purchased a new stake in Newmont during the fourth quarter valued at about $9,018,000. ARS Investment Partners LLC boosted its position in Newmont by 3.6% during the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after purchasing an additional 23,900 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Newmont by 67.0% during the fourth quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock worth $4,069,000 after purchasing an additional 16,352 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEM has been the topic of several research reports. Raymond James Financial lowered their price target on shares of Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Canadian Imperial Bank of Commerce set a $175.00 price objective on shares of Newmont and gave the stock an “outperform” rating in a report on Monday, June 1st. Macquarie Infrastructure reduced their price objective on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. TD raised shares of Newmont from a “hold” rating to a “buy” rating and lowered their target price for the company from $129.00 to $127.00 in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group increased their target price on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.26.

Newmont Trading Up 0.1%

Shares of NEM opened at $89.80 on Monday. The business’s 50-day moving average price is $102.32 and its 200-day moving average price is $110.28. Newmont Corporation has a twelve month low of $57.86 and a twelve month high of $134.88. The stock has a market cap of $95.86 billion, a PE ratio of 11.65, a P/E/G ratio of 1.03 and a beta of 0.46. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, equities analysts forecast that Newmont Corporation will post 9.25 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 annualized dividend and a yield of 1.2%. Newmont’s dividend payout ratio is currently 13.49%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Newmont to $8.80 from $8.73 and kept a Sector Outperform rating with a $147 price target, signaling continued confidence in earnings power and valuation upside.
• Positive Sentiment: Analysts at other firms continue to view Newmont favorably, with coverage highlighting improving operational efficiency, stronger free cash flow, and ongoing share buybacks as potential supports for the stock.
• Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with no injuries or material damage reported, helping ease concerns about operational disruption while the company advances growth projects such as Ahafo North and Tanami Expansion 2.
• Positive Sentiment: Some research notes argue Newmont remains undervalued relative to net asset value and could benefit from permit-driven growth catalysts, including the Red Chris Block Cave project.
• Neutral Sentiment: Newmont is expected to report quarterly earnings next week, and recent commentary suggests the company may have revenue growth ahead, though it may not have the strongest setup for a clear earnings beat.
• Negative Sentiment: Newmont was downgraded by Zacks Research from strong-buy to hold, adding a cautious note ahead of earnings.
• Negative Sentiment: The stock also fell more sharply than the broader market in the latest session, reflecting investor concern about softer gold prices, higher costs, and near-term earnings uncertainty.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the completion of the transaction, the executive vice president directly owned 43,315 shares of the company’s stock, valued at $4,001,439.70. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This trade represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by company insiders.

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.