58,947 Shares in Newmont Corporation $NEM Bought by Hollencrest Capital Management

Posted by Brenda Bartman on Aug 30th, 2026

Hollencrest Capital Management purchased a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 58,947 shares of the basic materials company’s stock, valued at approximately $1,232,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEM. Cedar Mountain Advisors LLC bought a new position in shares of Newmont during the 1st quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new position in shares of Newmont during the first quarter valued at $25,000. Swiss RE Ltd. bought a new position in shares of Newmont during the fourth quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in shares of Newmont in the 2nd quarter valued at $25,000. Finally, Cornerstone Planning Group LLC grew its holdings 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 purchasing an additional 206 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NEM. Jefferies Financial Group dropped their target price on shares of Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. TD upped their target price on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Bank of America decreased their price target on Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce set a $170.00 price objective on shares of Newmont in a research note on Friday, August 14th. Finally, Argus set a $110.00 target price on Newmont in a research report on Monday, August 3rd. Two investment 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.73.

Read Our Latest Stock Report on NEM

Newmont Stock Performance

Shares of Newmont stock opened at $127.84 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The firm has a market cap of $134.70 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.32 and a beta of 0.47. The stock’s 50-day moving average is $104.23 and its 200-day moving average is $109.57. Newmont Corporation has a one year low of $72.78 and a one year high of $135.29.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same period last year, the company earned $1.43 earnings per share. Equities analysts predict that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Insider Activity

In other news, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares in the company, valued at approximately $14,064,440. This represents a 5.43% 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. Insiders have sold 32,091 shares of company stock worth $3,292,513 over the last ninety days. Insiders own 0.06% of the company’s stock.

Newmont Company Profile

(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.