Capital Research Global Investors Lowers Holdings in Newmont Corporation $NEM

Capital Research Global Investors reduced its position in shares of Newmont Corporation (NYSE:NEM) by 10.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,147,847 shares of the basic materials company’s stock after selling 504,370 shares during the period. Capital Research Global Investors’ holdings in Newmont were worth $349,705,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its stake in Newmont by 327.8% during the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after buying an additional 236 shares during the period. Harbor Capital Advisors Inc. increased its stake in Newmont by 53.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 139 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Newmont in the 3rd quarter valued at about $44,000. Capital A Wealth Management LLC raised its holdings in shares of Newmont by 1,648.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 478 shares in the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Newmont during the 3rd quarter valued at about $44,000. Institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

NEM stock opened at $118.83 on Wednesday. The firm has a 50 day moving average price of $117.94 and a 200-day moving average price of $97.81. The firm has a market capitalization of $129.27 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.91 and a beta of 0.39. Newmont Corporation has a 52-week low of $42.66 and a 52-week high of $134.88. 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, topping the consensus estimate of $1.81 by $0.71. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Equities research analysts forecast that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

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

Analyst Ratings Changes

NEM has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Newmont from a “hold” rating to a “buy” rating in a research report on Sunday. Macquarie Infrastructure lifted their target price on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. BNP Paribas Exane boosted their price target on shares of Newmont from $123.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. BMO Capital Markets lowered their price objective on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Canaccord Genuity Group lifted their price objective on shares of Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $134.15.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a A$226 price target, forecasting strong production growth (roughly 5.3M oz in FY2026 and ~6M oz later), which supports longer-term cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: Citi raised its price target to $150 (from $118) and reiterated a Buy, signaling rising analyst confidence after recent beats and stronger gold prices. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: BofA also increased its price target (to $151) and reiterated a Buy; several outlets note multiple top analysts lifting targets, which has driven recent buying momentum. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Coverage roundup and price-target increases have prompted commentary that Newmont’s valuation and recent earnings strength make it a leading S&P 500 performer over the past two years. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Neutral Sentiment: Zacks and other research outlets continue to highlight Newmont as a top long-term growth/minerals stock based on style scores and bullish earnings estimates, which supports investor interest but is not new fundamental news. Why Newmont Corporation (NEM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Zacks Research/coverage notes bullish Q1 estimates, reinforcing the earnings narrative but offering limited immediate directional impact relative to fresh analyst upgrades. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Negative Sentiment: Short interest rose ~19.7% in February to ~22.4M shares (~2.1% of shares sold short), raising downside pressure and suggesting a small but growing group betting against the stock (short ratio ~2.4 days).
• Negative Sentiment: MarketBeat/Fool coverage flagged two macroeconomic factors driving a recent intraday sell-off — reminders that sentiment and macro moves (rates, dollar, risk appetite) can quickly offset fundamental gains. Why Newmont Corporation Stock Dropped Today

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.