Newmont Corporation $NEM Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in Newmont Corporation (NYSE:NEM) by 42.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,136,567 shares of the basic materials company’s stock after selling 17,568,933 shares during the quarter. Newmont makes up approximately 1.9% of Van ECK Associates Corp’s investment portfolio, making the stock its 8th largest position. Van ECK Associates Corp owned 2.21% of Newmont worth $2,034,954,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NEM. Estate Counselors LLC acquired a new position in Newmont during the 3rd quarter worth about $4,182,000. AustralianSuper Pty Ltd boosted its holdings in Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after acquiring an additional 183,360 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in Newmont by 286.5% during the 3rd 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 during the period. Robeco Institutional Asset Management B.V. increased its position in Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock valued at $362,888,000 after purchasing an additional 2,723,044 shares during the period. Finally, Live Oak Investment Partners bought a new position in Newmont during the 3rd quarter worth approximately $2,232,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Multiple major banks raised price targets and reiterated Buy ratings (BofA to $151; Citi to $150; Bernstein upgraded), signaling stronger analyst conviction that Newmont’s earnings and gold exposure justify higher valuations. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Positive Sentiment: Analysts are highlighting Newmont’s recent earnings beats, improving margins and leadership changes, which — together with a strong gold price backdrop — support upward revisions to earnings and medium-term targets. Assessing Newmont (NEM) Valuation After Upgrades And A Strong Year For Gold And Earnings
• Positive Sentiment: Zacks and other research providers have flagged bullish estimates and highlighted Newmont as a top growth/SCM performer over recent periods — supporting demand from momentum and growth-focused investors. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Neutral Sentiment: Multiple media pieces explain why Newmont is trending (best-performing S&P names, screens) and provide context on valuation and longer-term thesis — useful background but less likely to move the stock immediately. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Neutral Sentiment: Zacks’ and other “what to know” articles summarize fundamentals and style scores for longer-term investors; they reinforce the bull case but contain less new, market-moving data. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Negative Sentiment: Short-term macro forces (mentioned by The Motley Fool) — e.g., rising real yields and a firmer dollar — have pressured gold and miner stocks, causing intraday weakness and a recent pullback after a strong rally. Monitor rates and dollar moves as key risk drivers. Why Newmont Corporation Stock Dropped Today
• Negative Sentiment: The stock experienced a short-term pullback after a strong run (weekly decline noted in coverage); this increases sensitivity to profit-taking and any negative macro headlines. Assessing Newmont (NEM) Valuation After Upgrades And A Strong Year For Gold And Earnings

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NEM shares. Raymond James Financial upped their price objective on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. UBS Group lowered their target price on shares of Newmont from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. BMO Capital Markets decreased their price target on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, February 20th. TD Cowen lifted their price objective on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Finally, National Bank Financial lifted their target price on Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Newmont currently has a consensus rating of “Buy” and an average price target of $134.15.

Newmont Price Performance

NEM stock opened at $117.06 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The company’s 50-day moving average is $117.60 and its 200-day moving average is $97.47. The stock has a market capitalization of $127.34 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. Newmont Corporation has a 1 year low of $42.03 and a 1 year high of $134.88.

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

Newmont Increases Dividend

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

Newmont 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.