Envestnet Portfolio Solutions Inc. Lowers Stake in Newmont Corporation $NEM

Envestnet Portfolio Solutions Inc. trimmed its holdings in Newmont Corporation (NYSE:NEM) by 33.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,210 shares of the basic materials company’s stock after selling 7,762 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Newmont were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lockheed Martin Investment Management Co. acquired a new position in Newmont in the 3rd quarter valued at about $2,378,000. iA Global Asset Management Inc. grew its stake in shares of Newmont by 6.2% in the 3rd quarter. iA Global Asset Management Inc. now owns 86,344 shares of the basic materials company’s stock valued at $7,280,000 after purchasing an additional 5,019 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Newmont in the third quarter valued at approximately $570,000. Olympiad Research LP purchased a new stake in shares of Newmont during the third quarter worth approximately $322,000. Finally, Bailard Inc. acquired a new stake in shares of Newmont during the third quarter worth $269,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Key Stories Impacting Newmont

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NEM shares. Citigroup reissued a “buy” rating on shares of Newmont in a research note on Monday, January 12th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Royal Bank Of Canada raised their price objective on shares of Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Jefferies Financial Group boosted their target price on Newmont from $120.00 to $136.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial raised their price target on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Six research 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $105.88.

Newmont Trading Up 0.9%

Shares of Newmont stock opened at $127.02 on Wednesday. The company has a 50-day moving average of $102.15 and a two-hundred day moving average of $85.90. Newmont Corporation has a 12-month low of $40.99 and a 12-month high of $129.25. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. The stock has a market cap of $138.61 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 0.97 and a beta of 0.41.

Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the 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 sale, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of Newmont 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 transaction, the chief executive officer owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,160 shares of company stock valued at $767,206. 0.05% of the stock is currently owned by insiders.

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.