Empowered Funds LLC Buys 25,501 Shares of Newmont Corporation $NEM

Empowered Funds LLC boosted its stake in shares of Newmont Corporation (NYSE:NEM) by 4.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 578,679 shares of the basic materials company’s stock after purchasing an additional 25,501 shares during the quarter. Empowered Funds LLC owned about 0.05% of Newmont worth $54,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Newmont in the 2nd quarter valued at $11,289,753,000. State Street Corp boosted its holdings in Newmont by 1.0% during the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after acquiring an additional 480,223 shares during the period. Van ECK Associates Corp boosted its holdings in Newmont by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after acquiring an additional 5,643,496 shares during the period. Geode Capital Management LLC increased its position in Newmont by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock worth $2,738,756,000 after buying an additional 946,824 shares during the period. Finally, Norges Bank acquired a new position in Newmont during the 4th quarter valued at $1,443,128,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. BNP Paribas Exane lowered their target price on Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. TD increased their price objective on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Scotiabank raised their target price on Newmont from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $132.73.

Newmont Trading Up 0.7%

Newmont stock opened at $132.50 on Friday. The company has a market cap of $139.61 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.36 and a beta of 0.47. Newmont Corporation has a one year low of $72.23 and a one year high of $135.29. The firm has a 50-day moving average of $103.75 and a 200-day moving average of $109.44. 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 released its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, equities analysts expect that Newmont Corporation will post 9.01 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. Newmont’s dividend payout ratio (DPR) is presently 13.13%.

Insider Buying and Selling

In other Newmont news, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the sale, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 32,091 shares of company stock worth $3,292,513. Company insiders own 0.06% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong liquidity, cash flows and debt reduction give it flexibility to fund expansion projects while continuing shareholder returns. This strengthens the company’s balance sheet and supports the longer-term investment case. Will Newmont’s Liquidity Strength Unlock Growth and Value?
• Positive Sentiment: Recent operating results highlighted 1.29 million ounces of gold production, $2.2 billion in adjusted net income, record quarterly free cash flow of $2.2 billion and $1.9 billion returned to shareholders. Management also reaffirmed its 2026 guidance, reinforcing confidence in execution. Newmont: Investors Punished Barrick For This Deal
• Positive Sentiment: Analysts and market commentary point to record free cash flow, a net-cash balance sheet, long-life Tier 1 assets and institutional buying as reasons investors have favored NEM. Its shares were reported to be up 57.8% since an October 2025 institutional-inflow signal. Newmont Shares Shine on Production, Record Free Cash Flow
• Neutral Sentiment: Comparisons with Barrick indicate that both gold miners benefit from higher bullion prices, but investors are weighing Newmont’s growth projects, costs, valuation and earnings outlook against its peer. Newmont vs. Barrick Mining: Which Gold Giant Is Shining Brighter?
• Negative Sentiment: After the strong rally, one analysis downgraded Newmont, arguing that the market may have already priced in much of the improvement. Other commentary warned that the rally could be premature, increasing the risk of profit-taking or valuation compression. Newmont: The Market Has Finally Caught Up
• Negative Sentiment: Newmont faces a potential 2026 production trough, with output guidance of approximately 5.3 million ounces and all-in sustaining costs potentially rising to $1,680 per ounce. Those pressures could limit upside if gold prices weaken. Newmont: The Risks Associated With A Premature Share Price Rally

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.