Illinois Municipal Retirement Fund Buys 37,395 Shares of Newmont Corporation $NEM

Illinois Municipal Retirement Fund grew its stake in shares of Newmont Corporation (NYSE:NEM) by 39.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,683 shares of the basic materials company’s stock after buying an additional 37,395 shares during the period. Illinois Municipal Retirement Fund’s holdings in Newmont were worth $11,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in Newmont by 9.0% during the 3rd quarter. Wedbush Securities Inc. now owns 16,157 shares of the basic materials company’s stock worth $1,362,000 after acquiring an additional 1,339 shares during the last quarter. Varma Mutual Pension Insurance Co grew its holdings in Newmont by 8.6% during the third quarter. Varma Mutual Pension Insurance Co now owns 269,756 shares of the basic materials company’s stock valued at $22,743,000 after purchasing an additional 21,300 shares during the period. Caisse Des Depots ET Consignations bought a new stake in Newmont in the third quarter valued at approximately $1,568,000. Westover Capital Advisors LLC acquired a new stake in Newmont in the third quarter worth $287,000. Finally, Savvy Advisors Inc. boosted its position in shares of Newmont by 10.5% during the third quarter. Savvy Advisors Inc. now owns 18,775 shares of the basic materials company’s stock worth $1,583,000 after purchasing an additional 1,788 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $177.00 price objective on shares of Newmont in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. DZ Bank raised Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Macquarie Infrastructure lifted their price objective on Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.49.

Insiders Place Their Bets

In other news, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Bank of America slightly trimmed its price target but kept a Buy rating at $134, signaling continued analyst confidence in Newmont’s outlook. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Positive Sentiment: One or more analysts upgraded Newmont recently, which corresponded with a notable intraday rally on an earlier session — this upgrade momentum can buoy investor sentiment into earnings. Newmont (NYSE:NEM) Stock Price Up 4.8% Following Analyst Upgrade
• Positive Sentiment: Zacks highlights Newmont as a strong momentum stock and notes factors that could support an earnings beat, reinforcing a near-term positive technical and fundamental backdrop. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Positive Sentiment: Recent trading updates showed Newmont advancing while the broader market declined, indicating relative strength that could attract momentum-focused investors. Newmont Corporation (NEM) Advances While Market Declines: Some Information for Investors
• Neutral Sentiment: Zacks expects earnings growth and suggests Newmont has the setup for a potential earnings beat, but this is forward-looking and hinges on commodity prices and production results. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Calendar note: Newmont is projected to report quarterly results this week — investors should watch guidance, production metrics and AISC (all-in sustaining costs). Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: A MarketWatch roundup flagged that Newmont underperformed its competitors on Thursday, which may reflect investor rotation within the sector or concerns about near-term catalysts. Newmont Corp. stock underperforms Thursday when compared to competitors

Newmont Stock Performance

Shares of Newmont stock opened at $118.09 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The firm has a market cap of $128.87 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.04 and a beta of 0.40. The stock’s 50-day moving average is $109.49 and its 200-day moving average is $90.43. Newmont Corporation has a one year low of $41.23 and a one year high of $134.88.

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.