Van ECK Associates Corp Has $2.03 Billion Position in Newmont Corporation $NEM

Van ECK Associates Corp reduced its position in shares of Newmont Corporation (NYSE:NEM) by 42.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,136,567 shares of the basic materials company’s stock after selling 17,568,933 shares during the period. Newmont accounts for about 1.9% of Van ECK Associates Corp’s holdings, making the stock its 8th biggest position. Van ECK Associates Corp’s holdings in Newmont were worth $2,034,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its stake in shares of 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 buying an additional 236 shares during the last quarter. Capital A Wealth Management LLC grew its stake in Newmont by 1,648.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 478 shares during the period. Caldwell Trust Co purchased a new stake in shares of Newmont during the 2nd quarter valued at $31,000. Country Trust Bank bought a new stake in shares of Newmont during the 2nd quarter worth $32,000. Finally, CoreFirst Bank & Trust bought a new position in Newmont during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

Newmont stock opened at $117.06 on Tuesday. The stock has a market cap of $127.34 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. 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 Corporation has a fifty-two week low of $42.03 and a fifty-two week high of $134.88. The firm’s fifty day moving average price is $117.60 and its 200-day moving average price is $97.47.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The company had revenue of $6.82 billion for 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%.Newmont’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. On average, equities research analysts expect that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

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

Wall Street Analyst Weigh In

NEM has been the subject of a number of research reports. Bank of America increased their target price on shares of Newmont from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. UBS Group cut their price objective on shares of Newmont from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wall Street Zen upgraded Newmont from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $134.15.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Multiple major banks raised price targets and reiterated Buy ratings (BofA to $151; Citi to $150; Bernstein upgraded), signaling stronger analyst conviction that Newmont’s earnings and gold exposure justify higher valuations. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Positive Sentiment: Analysts are highlighting Newmont’s recent earnings beats, improving margins and leadership changes, which — together with a strong gold price backdrop — support upward revisions to earnings and medium-term targets. Assessing Newmont (NEM) Valuation After Upgrades And A Strong Year For Gold And Earnings
• Positive Sentiment: Zacks and other research providers have flagged bullish estimates and highlighted Newmont as a top growth/SCM performer over recent periods — supporting demand from momentum and growth-focused investors. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Neutral Sentiment: Multiple media pieces explain why Newmont is trending (best-performing S&P names, screens) and provide context on valuation and longer-term thesis — useful background but less likely to move the stock immediately. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Neutral Sentiment: Zacks’ and other “what to know” articles summarize fundamentals and style scores for longer-term investors; they reinforce the bull case but contain less new, market-moving data. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Negative Sentiment: Short-term macro forces (mentioned by The Motley Fool) — e.g., rising real yields and a firmer dollar — have pressured gold and miner stocks, causing intraday weakness and a recent pullback after a strong rally. Monitor rates and dollar moves as key risk drivers. Why Newmont Corporation Stock Dropped Today
• Negative Sentiment: The stock experienced a short-term pullback after a strong run (weekly decline noted in coverage); this increases sensitivity to profit-taking and any negative macro headlines. Assessing Newmont (NEM) Valuation After Upgrades And A Strong Year For Gold And Earnings

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.