Cassia Capital Partners LLC Acquires Shares of 10,690 Newmont Corporation $NEM

Cassia Capital Partners LLC acquired a new position in shares of Newmont Corporation (NYSE:NEM) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,690 shares of the basic materials company’s stock, valued at approximately $1,157,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new position in Newmont in the 1st quarter valued at $25,000. GoalVest Advisory LLC purchased a new position in Newmont during the 4th quarter worth $25,000. Swiss RE Ltd. purchased a new position in Newmont during the 4th quarter worth $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the period. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Newmont in the 4th quarter worth $28,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Newmont Stock Performance

NYSE:NEM opened at $93.16 on Thursday. The firm’s fifty day simple moving average is $106.66 and its 200-day simple moving average is $110.89. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The stock has a market cap of $99.45 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.55 and a beta of 0.46. Newmont Corporation has a fifty-two week low of $55.37 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. Analysts expect that Newmont Corporation will post 9.91 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont’s dividend payout ratio (DPR) is 13.49%.

Analyst Upgrades and Downgrades

NEM has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday. BMO Capital Markets lowered their price objective on Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce set a $175.00 target price on Newmont and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Zacks Research raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $139.35.

Insider Activity at Newmont

In other news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $252,812.56. Following the completion of the sale, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. This trade represents a 9.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Peter Wexler sold 13,378 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. This represents a 16.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 25,556 shares of company stock valued at $2,781,006 in the last 90 days. Insiders own 0.06% of the company’s stock.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: UBS and Goldman Sachs both kept bullish ratings on Newmont while lowering price targets, indicating analysts still see meaningful upside from current levels. Article Title
• Positive Sentiment: Raymond James also reiterated an outperform view on Newmont, reinforcing optimism despite weaker gold prices. Article Title
• Positive Sentiment: Newmont was highlighted as a potential long-haul beneficiary if gold prices rebound after their steep recent selloff. Article Title
• Positive Sentiment: Newmont’s upcoming second-quarter 2026 earnings release could be a catalyst if results show strong cash flow and resilience versus softer gold prices. Article Title
• Neutral Sentiment: An insider sale filing by executive Peter Toth under a trading plan may create some headline noise, but the transaction is small and does not necessarily signal a change in outlook. Article Title

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.