Blue Whale Capital LLP Invests $34.97 Million in Newmont Corporation $NEM

Blue Whale Capital LLP acquired a new position in Newmont Corporation (NYSE:NEM) during the 3rd quarter, HoldingsChannel reports. The fund acquired 414,718 shares of the basic materials company’s stock, valued at approximately $34,965,000. Newmont accounts for about 1.9% of Blue Whale Capital LLP’s investment portfolio, making the stock its 16th largest holding.

Several other large investors have also bought and sold shares of the stock. Norges Bank acquired a new position in Newmont during the 2nd quarter worth about $919,170,000. Invesco Ltd. increased its stake in shares of Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after buying an additional 4,839,447 shares during the period. Legal & General Group Plc raised its position in shares of Newmont by 9.6% during the third quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock worth $687,223,000 after acquiring an additional 711,940 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Newmont by 33.8% during the third quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock worth $414,270,000 after acquiring an additional 1,244,845 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Newmont by 4,090.7% in the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock worth $272,558,000 after acquiring an additional 4,532,263 shares during the period. 68.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank increased their target price on shares of Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Royal Bank Of Canada boosted their price target on shares of Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Stifel Nicolaus upped their price objective on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Macquarie Infrastructure lifted their target price on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group boosted their target price on shares of Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $134.15.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a A$226 price target, forecasting strong production growth (roughly 5.3M oz in FY2026 and ~6M oz later), which supports longer-term cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: Citi raised its price target to $150 (from $118) and reiterated a Buy, signaling rising analyst confidence after recent beats and stronger gold prices. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: BofA also increased its price target (to $151) and reiterated a Buy; several outlets note multiple top analysts lifting targets, which has driven recent buying momentum. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Coverage roundup and price-target increases have prompted commentary that Newmont’s valuation and recent earnings strength make it a leading S&P 500 performer over the past two years. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Neutral Sentiment: Zacks and other research outlets continue to highlight Newmont as a top long-term growth/minerals stock based on style scores and bullish earnings estimates, which supports investor interest but is not new fundamental news. Why Newmont Corporation (NEM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Zacks Research/coverage notes bullish Q1 estimates, reinforcing the earnings narrative but offering limited immediate directional impact relative to fresh analyst upgrades. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Negative Sentiment: Short interest rose ~19.7% in February to ~22.4M shares (~2.1% of shares sold short), raising downside pressure and suggesting a small but growing group betting against the stock (short ratio ~2.4 days).
• Negative Sentiment: MarketBeat/Fool coverage flagged two macroeconomic factors driving a recent intraday sell-off — reminders that sentiment and macro moves (rates, dollar, risk appetite) can quickly offset fundamental gains. Why Newmont Corporation Stock Dropped Today

Newmont Price Performance

Shares of NEM opened at $118.83 on Wednesday. The firm has a market cap of $129.27 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.39. Newmont Corporation has a 52-week low of $42.66 and a 52-week high of $134.88. The business’s 50 day moving average price is $117.94 and its two-hundred day moving average price is $97.81. 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 (NYSE:NEM) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. On average, equities analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be issued a $0.26 dividend. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont’s dividend payout ratio is 16.28%.

About Newmont

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.