Perigon Wealth Management LLC Invests $3.57 Million in Newmont Corporation $NEM

Posted by Geri Gentry on Aug 18th, 2026

Perigon Wealth Management LLC acquired a new stake in shares of Newmont Corporation (NYSE:NEM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 38,198 shares of the basic materials company’s stock, valued at approximately $3,568,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of 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 acquiring an additional 1,847 shares in the last quarter. Woodline Partners LP grew its holdings in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after buying an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Newmont during the 2nd quarter valued at approximately $240,000. Cerity Partners LLC raised its position in shares of Newmont by 108.9% during the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after buying an additional 65,342 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Newmont by 8.5% in the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock worth $2,854,000 after buying an additional 3,856 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEM. Barclays cut their target price on shares of Newmont from $125.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, July 28th. Canaccord Genuity Group cut their price objective on Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. BNP Paribas Exane reduced their price objective on Newmont from $111.00 to $102.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Finally, Citigroup decreased their price objective on Newmont from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.59.

View Our Latest Analysis on Newmont

Insider Transactions at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total value of $280,350.00. Following the sale, the executive vice president directly owned 40,315 shares of the company’s stock, valued at $3,767,436.75. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is currently owned by insiders.

Newmont Trading Up 2.2%

Shares of NYSE NEM opened at $120.35 on Tuesday. The stock has a market capitalization of $126.81 billion, a P/E ratio of 15.20, a PEG ratio of 1.31 and a beta of 0.47. Newmont Corporation has a 1-year low of $67.20 and a 1-year high of $134.88. The business’s 50 day moving average is $99.36 and its two-hundred day moving average is $108.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM – Get Free Report) last announced its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the previous year, the business earned $1.43 EPS. As a group, research analysts expect that Newmont Corporation will post 9 EPS for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio is currently 13.13%.

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.