178,805 Shares of Newmont Corporation $NEM Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Newmont Corporation (NYSE:NEM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 178,805 shares of the basic materials company’s stock, valued at approximately $20,623,000.

Other institutional investors also recently modified their holdings of the company. Jeppson Wealth Management LLC acquired a new stake in Newmont during the 3rd quarter worth $699,000. Drum Hill Capital LLC bought a new stake in shares of Newmont during the 3rd quarter valued at $9,374,000. CWA Asset Management Group LLC bought a new stake in shares of Newmont during the 3rd quarter valued at $995,000. Investment Research Partners LLC acquired a new position in shares of Newmont in the 3rd quarter valued at $377,000. Finally, Warwick Investment Management Inc. acquired a new position in shares of Newmont in the 3rd quarter valued at $238,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the completion of the transaction, the executive vice president owned 34,315 shares of the company’s stock, valued at $3,939,705.15. The trade was a 8.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,973 shares of company stock valued at $3,927,169 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Newmont Stock Down 1.1%

Newmont stock opened at $116.75 on Wednesday. The company’s 50 day simple moving average is $122.07 and its 200 day simple moving average is $110.98. Newmont Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The firm has a market capitalization of $123.02 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $6.35 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.04 EPS for the current year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Analyst Ratings Changes

Several research firms have recently issued reports on NEM. Argus set a $110.00 price target on Newmont in a research report on Monday, August 3rd. BMO Capital Markets lifted their price objective on Newmont from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group dropped their price objective on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a report on Wednesday, July 1st. National Bank Financial dropped their price objective on Newmont from $140.00 to $135.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Sanford C. Bernstein cut their target price on Newmont from $147.00 to $144.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Newmont currently has an average rating of “Moderate Buy” and an average target price of $133.92.

Key Stories Impacting 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.

About Newmont

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.