Hussman Strategic Advisors Inc. Decreases Stake in Newmont Corporation $NEM

Hussman Strategic Advisors Inc. trimmed its holdings in Newmont Corporation (NYSE:NEM) by 83.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,000 shares of the basic materials company’s stock after selling 255,000 shares during the quarter. Newmont comprises about 0.9% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 7th biggest holding. Hussman Strategic Advisors Inc.’s holdings in Newmont were worth $4,300,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 1,847 shares in the last quarter. Woodline Partners LP raised its position in Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after purchasing an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Newmont during the 2nd quarter worth $240,000. Sound Income Strategies LLC boosted its position in Newmont by 255.7% in the 2nd quarter. Sound Income Strategies LLC now owns 2,643 shares of the basic materials company’s stock valued at $154,000 after buying an additional 1,900 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of Newmont by 2.1% in the 2nd quarter. V Square Quantitative Management LLC now owns 19,591 shares of the basic materials company’s stock valued at $1,141,000 after buying an additional 399 shares during the period. Institutional investors 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

Analysts Set New Price Targets

NEM has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Newmont in a research note on Monday, January 12th. Scotiabank lifted their price target on shares of Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group increased their price objective on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a report on Monday, December 1st. Finally, Wall Street Zen lowered shares of Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Six research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $105.88.

Newmont Stock Performance

Shares of Newmont stock opened at $127.02 on Wednesday. The stock’s fifty day simple moving average is $102.15 and its 200 day simple moving average is $85.90. 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 company has a market capitalization of $138.61 billion, a PE ratio of 19.72, a PEG ratio of 0.97 and a beta of 0.41. Newmont Corporation has a 12 month low of $40.99 and a 12 month high of $129.25.

Insider Transactions at Newmont

In other news, 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 in the company, valued at $22,768,936.82. The trade was a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was 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. The trade was a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,160 shares of company stock worth $767,206. 0.05% of the stock is currently owned by 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.