Bank of New York Mellon Corp Sells 429,233 Shares of Newmont Corporation $NEM

Bank of New York Mellon Corp decreased its holdings in Newmont Corporation (NYSE:NEM) by 3.8% in the third quarter, Holdings Channel reports. The fund owned 10,897,467 shares of the basic materials company’s stock after selling 429,233 shares during the quarter. Bank of New York Mellon Corp’s holdings in Newmont were worth $918,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its position in Newmont by 53.5% during the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 139 shares during the period. Concord Wealth Partners increased its position in shares of Newmont by 534.7% during the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 385 shares during the last quarter. Evermay Wealth Management LLC raised its holdings in Newmont by 408.2% during the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock valued at $29,000 after buying an additional 400 shares during the period. Salomon & Ludwin LLC bought a new stake in Newmont in the third quarter worth $44,000. Finally, Capital A Wealth Management LLC boosted its stake in Newmont by 1,648.3% during the second 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. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NEM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. Raymond James Financial upped their target price on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Canaccord Genuity Group raised their price target on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Royal Bank Of Canada increased their target price on Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Six analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $105.88.

Insiders Place Their Bets

In related news, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the sale, the chief executive officer owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,160 shares of company stock valued at $767,206 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Newmont Stock Up 0.9%

Newmont stock opened at $127.02 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The firm has a market cap of $138.61 billion, a P/E ratio of 19.72, a P/E/G ratio of 0.97 and a beta of 0.41. The business has a fifty day moving average of $102.15 and a two-hundred day moving average of $85.90. Newmont Corporation has a twelve month low of $40.99 and a twelve month high of $129.25.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold topping $5,000 is a major catalyst for Newmont because higher spot prices directly boost margins for large producers and support sustained earnings upside; MarketBeat highlights Newmont as a best-in-class beneficiary of this regime. Gold at $5,000—3 Mining Stocks for the Next Gold Rush (NEM)
• Positive Sentiment: Options volatility skew is showing bullish positioning around Newmont, indicating traders expect further upside or are hedging for higher prices—this flow can amplify near-term rallies. Volatility skew is sending a very clear message about Newmont’s (NEM) golden rally
• Positive Sentiment: An independent note raised Newmont’s price target to $140, reflecting analyst confidence in the company’s earnings leverage to the gold rally and supporting higher valuations. Newmont Is A Golden Opportunity The Market Is Undervaluing
• Positive Sentiment: Several outlets (The Motley Fool, Barron’s) note that miners including Newmont are enjoying record profits and strong operational performance as gold rises, reinforcing buy-side interest. Newmont, Freeport, and Other Mining Stocks Jump as Gold Surges. More Gains Are Ahead.
• Positive Sentiment: Analyst coverage and buy recommendations (cited in coverage explaining why NEM “popped”) add momentum—scattered upgrades and favorable notes make shares more attractive to institutional buyers. Why Newmont Corporation Stock Just Popped
• Neutral Sentiment: Zacks notes elevated investor attention to NEM, which can increase liquidity and short-term volatility but doesn’t by itself guarantee directional moves. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Zacks analyst-blog roundup mentioned Newmont among other names — helpful for visibility but a lower-impact item relative to gold price moves and option flow. The Zacks Analyst Blog NextEra, Newmont, Blackstone and Bluerock

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.