Beese Fulmer Investment Management Inc. Makes New $670,000 Investment in Newmont Corporation $NEM

Posted by George Bondi on May 18th, 2026

Beese Fulmer Investment Management Inc. acquired a new position in Newmont Corporation (NYSE:NEM – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 6,706 shares of the basic materials company’s stock, valued at approximately $670,000.

Several other large investors have also recently bought and sold shares of NEM. Brighton Jones LLC grew its holdings in Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP grew its holdings in Newmont by 40.7% in the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after purchasing an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Newmont in the second quarter valued at $240,000. Cerity Partners LLC grew its holdings in Newmont by 108.9% in the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after purchasing an additional 65,342 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Newmont by 8.5% in the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock valued at $2,854,000 after purchasing an additional 3,856 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In related news, insider David James Fry sold 18,394 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares of the company’s stock, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David John Thornton sold 2,296 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the sale, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 sold 43,068 shares of company stock worth $4,769,475 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NEM has been the topic of several research reports. Scotiabank lowered their target price on Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. UBS Group lowered their target price on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 27th. TD Securities reissued a “hold” rating and issued a $129.00 target price on shares of Newmont in a report on Monday, April 27th. TD upped their target price on Newmont from $116.00 to $129.00 and gave the company a “hold” rating in a report on Monday, April 27th. Finally, Macquarie Infrastructure upped their target price on Newmont from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.51.

Read Our Latest Analysis on NEM

Newmont Stock Down 0.1%

NEM opened at $108.93 on Monday. 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 firm has a market cap of $116.29 billion, a P/E ratio of 14.13, a PEG ratio of 1.52 and a beta of 0.43. Newmont Corporation has a 52 week low of $48.61 and a 52 week high of $134.88. The business’s fifty day simple moving average is $111.96 and its 200 day simple moving average is $107.24.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.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 company earned $1.25 earnings per share. As a group, equities research analysts anticipate that Newmont Corporation will post 9.72 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s dividend payout ratio (DPR) is presently 13.49%.

About Newmont

(Free Report)

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.