Gamco Investors INC. ET AL Has $48.60 Million Stock Position in Newmont Corporation $NEM

Gamco Investors INC. ET AL lessened its holdings in Newmont Corporation (NYSE:NEM) by 5.2% in the third quarter, HoldingsChannel reports. The fund owned 576,488 shares of the basic materials company’s stock after selling 31,818 shares during the period. Gamco Investors INC. ET AL’s holdings in Newmont were worth $48,604,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NEM. Physician Wealth Advisors Inc. raised its stake in Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 236 shares in the last quarter. Capital A Wealth Management LLC grew its position in shares of Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Newmont during the 2nd quarter worth approximately $31,000. Country Trust Bank bought a new position in shares of Newmont during the second quarter worth approximately $32,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Newmont during the second quarter worth approximately $32,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Stock Performance

Shares of NYSE:NEM opened at $116.37 on Friday. Newmont Corporation has a 1 year low of $42.03 and a 1 year high of $134.88. The stock has a market capitalization of $126.60 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The company’s 50 day simple moving average is $117.25 and its 200 day simple moving average is $96.74.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.71. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. As a group, research analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is an increase from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is currently 16.28%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BNP Paribas Exane boosted their price target on Newmont from $97.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. UBS Group lowered their price objective on Newmont from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce cut their target price on Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Argus increased their target price on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Finally, BMO Capital Markets decreased their price target on Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $133.68.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont (NYSE:NEM) Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont (NYSE:NEM) Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Newmont 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.