New York State Teachers Retirement System lessened its stake in shares of Newmont Corporation (NYSE:NEM – Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,004,039 shares of the basic materials company’s stock after selling 20,067 shares during the quarter. New York State Teachers Retirement System’s holdings in Newmont were worth $108,687,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of NEM. Leonteq Securities AG boosted its stake in shares of Newmont by 9.8% in the first quarter. Leonteq Securities AG now owns 99,208 shares of the basic materials company’s stock valued at $10,739,000 after buying an additional 8,889 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Newmont in the first quarter valued at $12,438,000. Elevation Point Wealth Partners LLC increased its position in shares of Newmont by 212.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 11,200 shares of the basic materials company’s stock valued at $1,212,000 after buying an additional 7,616 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in shares of Newmont by 22.4% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 268,416 shares of the basic materials company’s stock worth $29,056,000 after buying an additional 49,153 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. boosted its position in shares of Newmont by 5.2% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 7,073 shares of the basic materials company’s stock worth $766,000 after buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.
Insider Transactions at Newmont
In other news, EVP Peter Wexler sold 13,378 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $1,473,051.58. Following the transaction, the executive vice president 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. The trade was a 2.64% 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. Over the last ninety days, insiders have sold 25,556 shares of company stock valued at $2,781,006. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Newmont
Newmont Stock Performance
NYSE:NEM opened at $96.95 on Friday. The company has a market cap of $103.50 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.55 and a beta of 0.46. The firm’s 50 day moving average is $106.42 and its two-hundred day moving average is $110.88. Newmont Corporation has a fifty-two week low of $55.37 and a fifty-two week high of $134.88. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.
Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. Analysts expect that Newmont Corporation will post 9.87 EPS for the current year.
Newmont Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s payout ratio is 13.49%.
Key Headlines Impacting Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: British Columbia approved key regulatory authorizations for Newmont’s Red Chris Block Cave project, allowing a move from open-pit mining to block caving and extending the mine life into the mid-2040s. The project could add long-term copper production and improve the strategic value of Newmont’s asset base. Red Chris Block Cave Approval Might Change The Case For Investing In Newmont (NEM)
- Positive Sentiment: Goldman Sachs kept a buy rating on Newmont while lowering its price target to $111.40 from $122.50, implying meaningful upside from recent trading levels. UBS also reportedly issued a buy view, adding to the constructive analyst tone around the stock.
- Positive Sentiment: Zacks highlighted Newmont as one of the miners that could benefit over the long haul after gold’s steep quarterly selloff, suggesting some investors may see the pullback as an entry opportunity. Gold’s Worst Quarterly Selloff in 13 Years: 3 Miners for the Long Haul
- Neutral Sentiment: Newmont announced it will release second-quarter 2026 results on July 23 and hold a conference call the same day. This is a routine scheduling update, but it puts investors on watch for a near-term catalyst. Newmont Announces Second Quarter 2026 Results Conference Call
- Negative Sentiment: Newmont executive Peter Toth filed notice to sell 3,000 shares under a trading plan, which can add a bit of overhang sentiment even if the sale is prearranged. Newmont Executive Toth Plans Additional Insider Share Sale Under Trading Plan
- Negative Sentiment: The stock had recently slipped alongside the broader market, reflecting short-term weakness despite the longer-term bullish project and analyst developments. Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade
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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