Element Squared LLC Makes New Investment in Newmont Corporation $NEM

Element Squared LLC purchased a new stake in shares of Newmont Corporation (NYSE:NEM) in the first quarter, HoldingsChannel reports. The institutional investor purchased 20,477 shares of the basic materials company’s stock, valued at approximately $2,217,000. Newmont accounts for 1.3% of Element Squared LLC’s holdings, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. bought a new position in Newmont in the first quarter worth approximately $25,000. GoalVest Advisory LLC purchased a new position in shares of Newmont during the 4th quarter worth $25,000. Swiss RE Ltd. bought a new stake in shares of Newmont during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC grew its position in shares of Newmont by 312.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 206 shares during the period. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Newmont in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

NEM has been the topic of a number of recent research reports. National Bank Financial raised their target price on Newmont from $130.00 to $140.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. BNP Paribas Exane cut their price target on Newmont from $128.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. Canaccord Genuity Group upped their price target on Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce set a $175.00 price objective on Newmont and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, Barclays assumed coverage on Newmont in a research report on Thursday, May 21st. They set an “overweight” rating and a $133.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.88.

Newmont Stock Down 1.2%

Shares of NEM stock opened at $93.36 on Wednesday. The company has a market capitalization of $99.67 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.57 and a beta of 0.42. Newmont Corporation has a one year low of $55.37 and a one year high of $134.88. The company’s fifty day moving average price is $107.10 and its 200-day moving average price is $110.93. 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 issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. Newmont’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Sell-side analysts expect that Newmont Corporation will post 9.91 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 27th. Newmont’s payout ratio is presently 13.49%.

Insiders Place Their Bets

In related news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction that occurred 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 sale, the insider owned 23,163 shares of the company’s stock, valued at approximately $2,550,477.93. This trade represents a 9.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% 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. In the last ninety days, insiders sold 25,556 shares of company stock worth $2,781,006. 0.06% of the stock is currently owned by insiders.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s liquidity, cash flow and debt-reduction profile were highlighted as supporting growth projects and future shareholder returns, which is a constructive sign for investors. Will NEM’s Liquidity Strength Fuel Growth and Returns Ahead?
• Positive Sentiment: UBS kept a buy rating on Newmont despite cutting its price target to $120, and Raymond James maintained outperform with a slightly lower target of $137, signaling analysts still see upside. Analyst target updates
• Positive Sentiment: Commentary noted Newmont tracks gold momentum across the mining sector, and gold’s long-term rally remains an important driver for the stock. Newmont Tracks Gold Momentum Across Mining Sector
• Neutral Sentiment: Zacks and other market pieces focused on Newmont as a widely watched stock and a strong growth candidate, reinforcing attention on the name but adding little immediate catalyst. Here’s Why Newmont Corporation (NEM) is a Strong Growth Stock
• Negative Sentiment: Newmont’s stock fell as the broader market rose, suggesting investors are rotating away from the name despite its long-term fundamentals. Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Negative Sentiment: Options activity showed unusually heavy call trading, which can indicate speculation and heightened uncertainty around the stock’s next move. Is Most-Watched Stock Newmont Corporation (NEM) Worth Betting on Now?
• Negative Sentiment: One article also noted gold’s 2026 rally has cracked, which could weigh on Newmont if bullion prices remain soft. Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?

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.