Newmont Corporation $NEM Stock Holdings Lessened by State of Michigan Retirement System

State of Michigan Retirement System cut its stake in shares of Newmont Corporation (NYSE:NEM) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,245 shares of the basic materials company’s stock after selling 5,600 shares during the period. State of Michigan Retirement System’s holdings in Newmont were worth $26,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEM. Norges Bank purchased a new stake in shares of Newmont during the second quarter worth $919,170,000. Invesco Ltd. raised its stake in shares of Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Newmont by 6.3% during the 2nd quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock valued at $433,236,000 after buying an additional 438,748 shares during the last quarter. Boston Partners grew its stake in shares of Newmont by 4,090.7% in the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after buying an additional 4,532,263 shares in the last quarter. Finally, National Pension Service increased its holdings in Newmont by 2.7% in the third quarter. National Pension Service now owns 4,354,264 shares of the basic materials company’s stock worth $367,108,000 after buying an additional 114,949 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s Ahafo North start in Ghana brings incremental production that supports the company’s growth story and near‑term supply outlook, giving investors confidence in organic volume gains. Newmont’s Ahafofo North Start Adds Ghana Output To Growth Story
• Positive Sentiment: Macquarie raised its price target on NEM to $126 and kept an “outperform” rating — analyst upward revisions typically provide near‑term buying support and signal expected upside versus the market. Macquarie Adjusts Price Target on Newmont to $126
• Positive Sentiment: National Bankshares published a bullish forecast for Newmont, flagging strong price appreciation potential — another confirmation from the sell‑side that can attract buyers. National Bankshares Forecasts Strong Price Appreciation for Newmont (NYSE:NEM) Stock
• Neutral Sentiment: Jim Cramer mentioned Newmont on air in the context of comparing gold miners; his comments were not a strong buy signal (he suggested a caller holding AEM might not need NEM), so this is market color rather than a major catalyst. Jim Cramer on Investing in Newmont While Holding AEM
• Neutral Sentiment: Zacks highlighted basic‑materials stocks that could beat earnings using its Earnings ESP tool; this broader sector attention can lift peers like Newmont around results season but isn’t a direct company catalyst. These 2 Basic Materials Stocks Could Beat Earnings
• Negative Sentiment: MarketBeat’s contrarian piece warns gold and precious‑metals miners may be due for a pullback and explicitly cautions against chasing miners including Newmont — that narrative can trigger profit‑taking from momentum traders. 3 Contrarian “Buy the Dip” Picks—and One Area to Avoid

Insider Activity at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Newmont Trading Up 6.2%

Newmont stock opened at $115.27 on Friday. Newmont Corporation has a 52 week low of $41.23 and a 52 week high of $134.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The firm has a market capitalization of $125.79 billion, a PE ratio of 17.90, a PEG ratio of 0.88 and a beta of 0.40. The business’s 50-day simple moving average is $107.05 and its 200-day simple moving average is $88.99.

Wall Street Analyst Weigh In

Several research firms have commented on NEM. Citigroup reissued a “buy” rating on shares of Newmont in a research report on Monday, January 12th. Scotiabank upped their price objective on shares of Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. National Bankshares raised their target price on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group upped their price target on Newmont from $120.00 to $136.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $124.83.

Newmont Company 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.