Dakota Wealth Management Lowers Stake in Newmont Corporation $NEM

Dakota Wealth Management reduced its position in Newmont Corporation (NYSE:NEM) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,560 shares of the basic materials company’s stock after selling 6,583 shares during the quarter. Dakota Wealth Management’s holdings in Newmont were worth $19,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NEM. Harbor Capital Advisors Inc. boosted its holdings in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after buying an additional 139 shares during the period. HHM Wealth Advisors LLC raised its holdings in Newmont by 26.4% during the third quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 140 shares during the period. Fielder Capital Group LLC lifted its position in shares of Newmont by 1.7% in the third quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock valued at $707,000 after acquiring an additional 141 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in shares of Newmont by 2.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock worth $566,000 after acquiring an additional 145 shares during the period. Finally, Welch Group LLC grew its position in shares of Newmont by 1.3% during the third quarter. Welch Group LLC now owns 12,187 shares of the basic materials company’s stock worth $1,027,000 after purchasing an additional 153 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on NEM shares. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Argus boosted their target price on shares of Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. National Bank Financial lifted their price target on shares of Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.88.

Newmont Trading Up 1.7%

Shares of NEM opened at $124.16 on Tuesday. The stock has a market capitalization of $135.07 billion, a PE ratio of 19.43, a P/E/G ratio of 1.02 and a beta of 0.40. The company’s fifty day moving average is $113.61 and its 200 day moving average is $93.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. Newmont Corporation has a fifty-two week low of $41.23 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business earned $1.40 earnings per share. Newmont’s quarterly revenue was up 20.6% compared to the same quarter last year. Sell-side analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a $0.26 dividend. This is an increase from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, March 3rd. Newmont’s dividend payout ratio (DPR) is 15.65%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Strong Q4 results and upgraded capital returns are supporting the rally: analysts and bulls point to beat-and-raise results (EPS and revenue ahead of expectations), record free cash flow and a $1.1B annual dividend plus $3.6B buybacks as reasons to buy. Newmont Mining: $5100 Gold, 14x P/E – Raising My Price Target
• Positive Sentiment: Value-oriented screens rank NEM highly — Zacks style scores flag Newmont as a top-ranked value stock, which can attract longer-term, value-focused inflows. Newmont Corporation (NEM) is a Top-Ranked Value Stock: Should You Buy?
• Neutral Sentiment: Elevated investor attention noted by Zacks/Yahoo — increased searches and coverage can boost liquidity and amplify moves in either direction, depending on follow-through news. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Analyst downgrade pressured the stock intraday — a published downgrade and weaker near-term sentiment forced some selling despite strong fundamentals. Newmont (NYSE:NEM) Stock Price Down 2.6% on Analyst Downgrade
• Negative Sentiment: Critical opinion pieces highlight risks (valuation at current levels, cyclicality, or mine-specific concerns) that can weigh on sentiment and attract short-term sellers. Newmont: 3 Reasons I’m Avoiding This Stock

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the sale, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.05% of the stock is owned by insiders.

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.