Robeco Institutional Asset Management B.V. bought a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,948,314 shares of the basic materials company’s stock, valued at approximately $455,399,000. Robeco Institutional Asset Management B.V. owned about 0.37% of Newmont as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. acquired a new stake in shares of Newmont during the first quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Newmont in the 1st quarter valued at about $25,000. Clearstead Trust LLC acquired a new stake in shares of Newmont in the 2nd quarter valued at about $25,000. Kilter Group LLC acquired a new stake in shares of Newmont in the 2nd quarter valued at about $26,000. Finally, GoalVest Advisory LLC purchased a new position in Newmont during the 3rd quarter worth approximately $28,000. 68.85% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the sale, the executive vice president owned 34,315 shares in the company, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $445,692.42. Following the completion of the transaction, the chief executive officer directly owned 127,471 shares of the company’s stock, valued at approximately $14,634,945.51. The trade was a 2.96% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have weighed in on NEM. TD boosted their price objective on Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. UBS Group lowered their target price on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings upgraded shares of Newmont from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Scotiabank lifted their target price on shares of Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Barclays reduced their price target on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Newmont has an average rating of “Moderate Buy” and an average target price of $133.92.
Read Our Latest Research Report on Newmont
Newmont Trading Down 1.1%
Newmont stock opened at $116.75 on Wednesday. The stock has a 50-day moving average price of $122.07 and a 200 day moving average price of $110.98. Newmont Corporation has a 52 week low of $76.05 and a 52 week high of $135.29. The stock has a market cap of $123.02 billion, a PE ratio of 14.74, a P/E/G ratio of 2.19 and a beta of 0.51. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15.
Newmont (NYSE:NEM – Get Free Report) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%. During the same period in the prior year, the firm posted $1.43 earnings per share. Equities research analysts predict that Newmont Corporation will post 9.04 earnings per share for the current fiscal year.
Newmont Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were paid a $0.26 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is 13.13%.
Trending Headlines about Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Bernstein reportedly raised its Newmont price target to $150, signaling increased confidence in the gold producer’s valuation and potential upside. Bernstein raises Newmont price target
- Positive Sentiment: Citigroup lifted its Newmont price target to $140 from $125, adding to the constructive analyst view and suggesting potential appreciation from current levels. Citigroup adjusts Newmont price target
- Positive Sentiment: Newmont is included among gold stocks considered worth researching or buying after recent weakness, which could support investor interest if gold prices stabilize. Gold stocks worth buying on weakness
- Neutral Sentiment: Articles are highlighting Wall Street estimates for Newmont’s key third-quarter metrics for the quarter ended September 2026. The coverage may increase attention ahead of earnings, but it does not provide new reported results. Newmont Q3 performance estimates
- Neutral Sentiment: An options-focused article discusses using a naked put as an earnings strategy, reflecting elevated volatility and investor interest rather than a fundamental change in Newmont’s outlook. Newmont earnings options strategy
- Negative Sentiment: National Bank Financial lowered its price target to $135 from $140 and kept a “sector perform” rating, indicating more cautious expectations even though the revised target still implies upside. National Bank Financial rating update
- Negative Sentiment: Gold has retreated about 0.5% to roughly $4,120 an ounce as investors consider the possibility of higher interest rates. A stronger rate outlook can pressure non-yielding bullion and weigh on gold-mining shares, including NEM.
Newmont Company Profile
Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.
Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.
Recommended Stories
- Five stocks we like better than Newmont
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Corporation (NYSE:NEM – Free Report).
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.
