Newmont Corporation $NEM Shares Bought by Entropy Technologies LP

Entropy Technologies LP raised its stake in Newmont Corporation (NYSE:NEM) by 256.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,218 shares of the basic materials company’s stock after buying an additional 95,113 shares during the quarter. Newmont makes up approximately 0.7% of Entropy Technologies LP’s investment portfolio, making the stock its 29th largest position. Entropy Technologies LP’s holdings in Newmont were worth $14,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bridgewater Advisors Inc. raised its holdings in shares of Newmont by 3.6% during the 1st quarter. Bridgewater Advisors Inc. now owns 3,851 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 133 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Newmont by 1,247.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,089,933 shares of the basic materials company’s stock valued at $226,235,000 after purchasing an additional 1,934,794 shares during the period. Dai ichi Life Insurance Company Ltd grew its holdings in shares of Newmont by 46.8% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 182,969 shares of the basic materials company’s stock valued at $19,806,000 after purchasing an additional 58,358 shares during the period. Renaissance Technologies LLC acquired a new stake in Newmont during the first quarter worth about $180,947,000. Finally, Public Employees Retirement System of Ohio increased its position in Newmont by 2.0% during the first quarter. Public Employees Retirement System of Ohio now owns 456,661 shares of the basic materials company’s stock worth $49,434,000 after purchasing an additional 8,970 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont beat Q2 adjusted earnings estimates, reporting $2.10 per share versus $2.05 expected, and delivered record second-quarter free cash flow of about $2.2 billion. Article Title
• Positive Sentiment: Management reaffirmed 2026 guidance and emphasized strong production, cash generation, and capital returns, which supports confidence in the company’s operating outlook. Article Title
• Positive Sentiment: Newmont declared a quarterly dividend of $0.26 per share, reinforcing its appeal as a cash-return story for income-focused investors.
• Positive Sentiment: Several analysts and market commentaries pointed to a stronger balance sheet, robust free cash flow, and aggressive buybacks as reasons to remain constructive on the shares. Article Title
• Neutral Sentiment: Revenue came in below Wall Street estimates at $6.12 billion versus $6.36 billion expected, reflecting lower volumes even as realized gold prices helped earnings.
• Neutral Sentiment: Newmont also outlined a Lihir nearshore barrier project that could unlock more than 5 million ounces starting in 2028, a longer-term growth catalyst rather than an immediate driver. Article Title
• Negative Sentiment: Some commentary flagged lower gold prices and a bearish technical setup as headwinds that may be limiting near-term upside despite the earnings beat. Article Title

Insider Transactions at Newmont

In other Newmont news, insider David John Thornton sold 2,296 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider directly owned 23,163 shares in the company, valued at $2,550,477.93. This represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. This trade represents a 2.64% 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. Insiders sold 28,556 shares of company stock worth $3,058,146 in the last ninety days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

NEM has been the topic of several recent analyst reports. Scotiabank decreased their target price on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. Canaccord Genuity Group raised their price target on shares of Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. TD Cowen reaffirmed a “buy” rating on shares of Newmont in a research report on Monday, April 27th. Raymond James Financial decreased their price objective on Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Finally, Citigroup reiterated a “positive” rating on shares of Newmont in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.26.

Newmont Trading Down 1.7%

Shares of NEM stock opened at $93.16 on Friday. Newmont Corporation has a 1-year low of $61.76 and a 1-year high of $134.88. The firm has a market cap of $99.45 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The company has a 50-day moving average of $99.93 and a two-hundred day moving average of $109.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17.

Newmont (NYSE:NEM) last released its quarterly earnings results 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 29.36%. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. During the same period in the previous year, the firm earned $1.43 EPS. On average, analysts predict that Newmont Corporation will post 8.9 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.49%.

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.