Newmont Corporation $NEM Stake Reduced by Sunpointe LLC

Sunpointe LLC trimmed its holdings in Newmont Corporation (NYSE:NEM) by 24.7% in the third quarter, Holdings Channel.com reports. The fund owned 20,616 shares of the basic materials company’s stock after selling 6,775 shares during the period. Sunpointe LLC’s holdings in Newmont were worth $1,738,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares in the last quarter. Woodline Partners LP lifted its position in shares of Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Newmont during the 2nd quarter worth $240,000. Assetmark Inc. grew its holdings in shares of Newmont by 490.7% in the 2nd quarter. Assetmark Inc. now owns 7,662 shares of the basic materials company’s stock worth $446,000 after acquiring an additional 6,365 shares during the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Newmont in the 2nd quarter worth $534,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Stock Performance

NEM stock opened at $116.14 on Friday. The firm has a 50 day simple moving average of $117.04 and a 200 day simple moving average of $96.41. Newmont Corporation has a 52 week low of $42.03 and a 52 week high of $134.88. The stock has a market cap of $126.35 billion, a P/E ratio of 18.18, a P/E/G ratio of 0.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. Research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is presently 16.28%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Macquarie Infrastructure raised their target price on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce dropped their target price on shares of Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Stifel Nicolaus upped their price target on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, National Bank Financial raised their price objective on shares of Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average target price of $133.68.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citigroup raised its price target for NEM to $150, providing a bullish valuation anchor that could support the stock on any renewed investor optimism. Article Title
• Positive Sentiment: Zacks Research increased its Q3 and Q4 2026 EPS estimates for Newmont (Q3 to $1.73, Q4 to $1.84), signaling expectations for stronger near-term profitability that supports longer-term earnings guidance (Zacks still rates the stock a “Hold”).
• Positive Sentiment: Zacks added NEM to its Rank #1 (Strong Buy) list on March 6, which may attract some momentum or model-driven buyers. Article Title
• Positive Sentiment: Macro support for gold: reports of geopolitical tensions helped push gold sharply higher, which typically benefits major gold producers like Newmont. Article Title
• Neutral Sentiment: Zacks’ EPS upgrades are paired with a “Hold” rating and the market consensus full‑year EPS of $3.45 — supportive but not an unequivocal buy signal for momentum traders.
• Neutral Sentiment: Industry comparison pieces are highlighting Newmont’s performance vs. other miners; these provide context but are unlikely to move the stock without fresh company-specific catalysts. Article Title
• Negative Sentiment: TD Securities lowered expectations for Newmont, creating nearer-term headwinds and contributing to investor caution. Article Title
• Negative Sentiment: Recent analyst downgrade(s) triggered sharp intraday selling (reports show the stock traded down following the downgrade), amplifying volatility despite supportive fundamentals. Article Title
• Negative Sentiment: Market write-ups explaining the share dip have likely reinforced short‑term selling pressure as momentum and positioning adjust. Article Title

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.