Bank of New York Mellon Corp Increases Stake in Newmont Corporation $NEM

Bank of New York Mellon Corp increased its position in shares of Newmont Corporation (NYSE:NEM) by 5.3% in the 1st quarter, HoldingsChannel reports. The firm owned 12,237,940 shares of the basic materials company’s stock after purchasing an additional 615,461 shares during the period. Bank of New York Mellon Corp’s holdings in Newmont were worth $1,324,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Harmony Asset Management LLC raised its holdings in Newmont by 10.5% during the first quarter. Harmony Asset Management LLC now owns 15,186 shares of the basic materials company’s stock worth $1,644,000 after purchasing an additional 1,441 shares during the last quarter. Hudson Canyon Capital Management acquired a new position in Newmont in the 1st quarter valued at about $2,197,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Newmont by 1,805.4% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 135,700 shares of the basic materials company’s stock valued at $14,685,000 after buying an additional 128,578 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Newmont by 66.2% during the 1st quarter. Sanctuary Advisors LLC now owns 121,354 shares of the basic materials company’s stock worth $13,137,000 after purchasing an additional 48,352 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in Newmont by 21.9% during the first quarter. Checchi Capital Advisers LLC now owns 6,005 shares of the basic materials company’s stock worth $650,000 after buying an additional 1,078 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Up 0.5%

Shares of NEM opened at $95.18 on Thursday. Newmont Corporation has a one year low of $56.73 and a one year high of $134.88. The stock has a 50-day moving average price of $103.30 and a 200 day moving average price of $110.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The company has a market capitalization of $101.61 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.08 and a beta of 0.46.

Newmont (NYSE:NEM) last released 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%. The company’s revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. Sell-side analysts forecast that Newmont Corporation will post 9.32 EPS for the current fiscal year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s dividend payout ratio (DPR) is 13.49%.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD Securities upgraded Newmont from hold to strong-buy, while TD Cowen also raised the stock to buy on attractive valuation after its pullback, reinforcing the view that shares may be oversold. Analyst upgrade coverage
• Positive Sentiment: Several research notes still point to meaningful upside, including price targets near or above the current share price, which suggests Wall Street sees value despite recent weakness. Yahoo Finance article on cheap blue chip stock view
• Positive Sentiment: Newmont’s long-term investment case remains supported by growth projects, strong cash flow, and share buybacks, which could help the stock if gold prices stabilize. Zacks article on Newmont stock slides
• Neutral Sentiment: One note highlighted Newmont as an important gold-sector bellwether, keeping the stock closely tied to broader moves in bullion and mining sentiment. Kalkine Media article
• Negative Sentiment: Recent articles emphasize that NEM has fallen about 16% over the past three months as gold prices weakened, weighing on near-term sentiment. Zacks article on recent stock decline
• Negative Sentiment: Another Zacks note warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital, and inventory changes, which could pressure margins. Zacks article on margins and costs

Insider Buying and Selling

In other news, insider David John Thornton sold 2,296 shares of the business’s 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 completion of the transaction, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, EVP Peter Wexler sold 13,378 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the transaction, the executive vice president owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This trade represents a 16.47% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold 28,556 shares of company stock worth $3,058,146. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Newmont from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. UBS Group decreased their price target on shares of Newmont from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Macquarie Infrastructure lowered their price objective on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. BMO Capital Markets dropped their price objective on Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Finally, Citigroup reaffirmed a “positive” rating on shares of Newmont in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmont has an average rating of “Buy” and an average target price of $136.26.

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.