Sei Investments Co. boosted its stake in shares of Newmont Corporation (NYSE:NEM – Free Report) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,072 shares of the basic materials company’s stock after purchasing an additional 55,164 shares during the quarter. Sei Investments Co.’s holdings in Newmont were worth $136,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Newmont during the first quarter valued at about $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of Newmont in the 1st quarter worth approximately $25,000. Swiss RE Ltd. purchased a new position in shares of Newmont in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Newmont during the 3rd quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Newmont by 312.1% during 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 in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on NEM. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $175.00 price target on Newmont and gave the stock an “outperform” rating in a research report on Monday, June 1st. Royal Bank Of Canada decreased their price objective on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, TD Cowen reissued a “buy” rating on shares of Newmont in a research report on Monday, April 27th. Two 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, Newmont currently has an average rating of “Moderate Buy” and an average target price of $136.26.
More Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont posted Q2 earnings of $2.10 per share, topping estimates, and said it generated record second-quarter free cash flow of $2.2 billion. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
- Positive Sentiment: The company produced about 1.3 million attributable gold ounces and reaffirmed full-year production guidance, signaling stable operating performance despite weaker gold prices. Newmont Reports Higher Profit Despite Lower Gold Prices
- Positive Sentiment: Management also declared a quarterly dividend of $0.261 per share, which may support investor sentiment. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
- Neutral Sentiment: Several reports highlighted that Newmont is benefiting from still-favorable gold pricing overall, though the metal has recently corrected and remains a key driver of near-term sentiment. Newmont tops profit estimates on higher gold prices, sees steady output
- Negative Sentiment: Gold prices fell sharply during the quarter, which could weigh on future revenue and explains some of the stock’s recent volatility. Newmont shrugs off 13% gold-price correction with record second-quarter free cash flow, tops earnings estimates
Newmont Price Performance
Shares of NYSE NEM opened at $94.57 on Friday. Newmont Corporation has a 52 week low of $59.96 and a 52 week high of $134.88. The business’s 50 day moving average price is $100.25 and its 200 day moving average price is $110.06. 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 $100.95 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 0.46.
Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings results 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. Newmont had a net margin of 33.87% and a return on equity of 27.84%. During the same quarter last year, the firm posted $1.43 earnings per share. On average, sell-side analysts expect that Newmont Corporation will post 8.9 earnings per share for the current year.
Insider Buying and Selling at Newmont
In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the sale, the executive vice president owned 43,315 shares in the company, valued at $4,001,439.70. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the transaction, the executive vice president directly owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. This trade 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 28,556 shares of company stock worth $3,058,146 over the last ninety days. 0.06% of the stock is owned by insiders.
Newmont Company 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.
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