Newmont Corporation $NEM Shares Sold by Summit Global Investments

Posted by Chris Copeland on Jul 21st, 2026

Summit Global Investments decreased its position in Newmont Corporation (NYSE:NEM – Free Report) by 12.9% during the 1st quarter, Holdings Channel reports. The fund owned 76,322 shares of the basic materials company’s stock after selling 11,259 shares during the quarter. Newmont comprises about 0.5% of Summit Global Investments’ holdings, making the stock its 26th biggest position. Summit Global Investments’ holdings in Newmont were worth $8,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NEM. Pinnacle Bancorp Inc. acquired a new stake in Newmont in the first quarter valued at about $25,000. Cedar Mountain Advisors LLC acquired a new position in Newmont during the 1st quarter worth approximately $25,000. Swiss RE Ltd. acquired a new position in Newmont during the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC raised its stake 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 worth $27,000 after buying an additional 206 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Newmont during the 3rd quarter worth approximately $27,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Stock Performance

NEM opened at $89.24 on Tuesday. The stock has a market cap of $95.26 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The stock’s 50 day simple moving average is $101.69 and its 200 day simple moving average is $110.19. Newmont Corporation has a 1-year low of $58.97 and a 1-year high of $134.88.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.Newmont’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. As a group, equities analysts anticipate that Newmont Corporation will post 9.25 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were given a $0.26 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.2%. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

More Newmont News

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Several commentary pieces argue Newmont could still be attractive on valuation, suggesting the recent pullback may be creating a potential value opportunity if gold stays firm and earnings hold up. Is Newmont (NYSE:NEM) Still A Compelling Value Stock?
Positive Sentiment: Gold’s strength remains a tailwind for Newmont, and one article says the company is facing a “crucial test” as the metal stays strong, which could support revenue and margins if commodity prices remain elevated. Newmont (NYSE:NEM) Faces a Crucial Test As Gold Stays Strong
Positive Sentiment: Market chatter ahead of Q2 earnings points to investor interest in key operating metrics, and recent discussion of Newmont as a trading candidate around macro uncertainty suggests the stock could benefit if results exceed expectations. Newmont Stock Suddenly Offers a Double-Sided Debit Trade on U.S.-Iran Tensions and Upcoming Earnings
Neutral Sentiment: Multiple previews of Newmont’s upcoming Q2 report focus on Wall Street estimates and key metrics, signaling that the stock may remain range-bound until earnings provide clearer direction. Seeking Clues to Newmont (NEM) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Negative Sentiment: Scotiabank reportedly has a negative outlook for Newmont’s FY2027 earnings, reinforcing concerns that profit growth may slow after the current cycle. Scotiabank Has Negative Outlook for Newmont FY2027 Earnings
Negative Sentiment: Technical commentary says Newmont shares have fallen to a 2026 low and support is being tested, which points to continued downside pressure unless buyers step in soon. Newmont Shares At 2026 Low, With Support Being Tested

Insider Transactions at Newmont

In related news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer directly owned 142,999 shares in the company, valued at $15,060,654.68. The trade was a 2.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the completion of the sale, the insider owned 23,163 shares in the company, valued at $2,550,477.93. This represents a 9.02% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 28,556 shares of company stock worth $3,058,146. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NEM shares. National Bank Financial decreased their price target on Newmont from $140.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Canaccord Genuity Group increased their price objective 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 target price on Newmont and gave the company an “outperform” rating in a report on Monday, June 1st. Citigroup reaffirmed a “positive” rating on shares of Newmont in a research note on Wednesday, July 15th. Finally, Scotiabank cut their price target on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating for the company in a 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $136.26.

View Our Latest Report on NEM

About Newmont

(Free Report)

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.