State of Michigan Retirement System Has $26.58 Million Stock Holdings in Newmont Corporation $NEM

State of Michigan Retirement System trimmed its position in shares of Newmont Corporation (NYSE:NEM) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 315,245 shares of the basic materials company’s stock after selling 5,600 shares during the period. State of Michigan Retirement System’s holdings in Newmont were worth $26,578,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Estate Counselors LLC bought a new stake in shares of Newmont in the 3rd quarter valued at about $4,182,000. AustralianSuper Pty Ltd grew its holdings in Newmont by 124.8% during the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after purchasing an additional 183,360 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Newmont by 286.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock valued at $5,101,000 after purchasing an additional 44,846 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Newmont by 176.4% in the second quarter. Envestnet Asset Management Inc. now owns 447,960 shares of the basic materials company’s stock worth $26,098,000 after purchasing an additional 285,897 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Newmont by 172.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after purchasing an additional 2,723,044 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director directly owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NEM. Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $177.00 price target on shares of Newmont in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Newmont in a research report on Monday, January 12th. Royal Bank Of Canada boosted their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $124.83.

Newmont Price Performance

Shares of NEM opened at $115.27 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Newmont Corporation has a twelve month low of $41.23 and a twelve month high of $134.88. The stock has a market capitalization of $125.79 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.88 and a beta of 0.40. The company has a 50 day moving average of $107.05 and a 200-day moving average of $88.99.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s Ahafo North start in Ghana brings incremental production that supports the company’s growth story and near‑term supply outlook, giving investors confidence in organic volume gains. Newmont’s Ahafofo North Start Adds Ghana Output To Growth Story
• Positive Sentiment: Macquarie raised its price target on NEM to $126 and kept an “outperform” rating — analyst upward revisions typically provide near‑term buying support and signal expected upside versus the market. Macquarie Adjusts Price Target on Newmont to $126
• Positive Sentiment: National Bankshares published a bullish forecast for Newmont, flagging strong price appreciation potential — another confirmation from the sell‑side that can attract buyers. National Bankshares Forecasts Strong Price Appreciation for Newmont (NYSE:NEM) Stock
• Neutral Sentiment: Jim Cramer mentioned Newmont on air in the context of comparing gold miners; his comments were not a strong buy signal (he suggested a caller holding AEM might not need NEM), so this is market color rather than a major catalyst. Jim Cramer on Investing in Newmont While Holding AEM
• Neutral Sentiment: Zacks highlighted basic‑materials stocks that could beat earnings using its Earnings ESP tool; this broader sector attention can lift peers like Newmont around results season but isn’t a direct company catalyst. These 2 Basic Materials Stocks Could Beat Earnings
• Negative Sentiment: MarketBeat’s contrarian piece warns gold and precious‑metals miners may be due for a pullback and explicitly cautions against chasing miners including Newmont — that narrative can trigger profit‑taking from momentum traders. 3 Contrarian “Buy the Dip” Picks—and One Area to Avoid

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.