Newmont Corporation $NEM Stock Position Reduced by Sunpointe LLC

Sunpointe LLC decreased its position in Newmont Corporation (NYSE:NEM) by 24.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,616 shares of the basic materials company’s stock after selling 6,775 shares during the quarter. Sunpointe LLC’s holdings in Newmont were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. increased 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 purchasing an additional 236 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of 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 buying an additional 139 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Newmont in the 3rd quarter valued at about $44,000. Capital A Wealth Management LLC grew its position in shares of Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company’s stock valued at $30,000 after buying an additional 478 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new stake in Newmont during the third quarter worth about $44,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Stock Performance

NEM stock opened at $116.14 on Friday. The company has a 50-day simple moving average of $117.04 and a 200 day simple moving average of $96.41. The company has a market capitalization of $126.35 billion, a P/E ratio of 18.18, a PEG ratio of 0.96 and a beta of 0.39. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Newmont Corporation has a fifty-two week low of $42.03 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company earned $1.40 EPS. Newmont’s quarterly revenue was up 20.6% on a year-over-year basis. Sell-side analysts predict that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The company 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio is presently 16.28%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NEM. The Goldman Sachs Group lifted their target price on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research note on Monday, January 12th. TD Cowen boosted their price objective on Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. BMO Capital Markets lowered their price objective on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. TD Securities cut their target price on Newmont from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, BNP Paribas Exane upped their price target on shares of Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.68.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citigroup raised its price target for NEM to $150, providing a bullish valuation anchor that could support the stock on any renewed investor optimism. Article Title
• Positive Sentiment: Zacks Research increased its Q3 and Q4 2026 EPS estimates for Newmont (Q3 to $1.73, Q4 to $1.84), signaling expectations for stronger near-term profitability that supports longer-term earnings guidance (Zacks still rates the stock a “Hold”).
• Positive Sentiment: Zacks added NEM to its Rank #1 (Strong Buy) list on March 6, which may attract some momentum or model-driven buyers. Article Title
• Positive Sentiment: Macro support for gold: reports of geopolitical tensions helped push gold sharply higher, which typically benefits major gold producers like Newmont. Article Title
• Neutral Sentiment: Zacks’ EPS upgrades are paired with a “Hold” rating and the market consensus full‑year EPS of $3.45 — supportive but not an unequivocal buy signal for momentum traders.
• Neutral Sentiment: Industry comparison pieces are highlighting Newmont’s performance vs. other miners; these provide context but are unlikely to move the stock without fresh company-specific catalysts. Article Title
• Negative Sentiment: TD Securities lowered expectations for Newmont, creating nearer-term headwinds and contributing to investor caution. Article Title
• Negative Sentiment: Recent analyst downgrade(s) triggered sharp intraday selling (reports show the stock traded down following the downgrade), amplifying volatility despite supportive fundamentals. Article Title
• Negative Sentiment: Market write-ups explaining the share dip have likely reinforced short‑term selling pressure as momentum and positioning adjust. Article Title

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.