Newmont Corporation $NEM is Gabelli Funds LLC’s Largest Position

Gabelli Funds LLC cut its holdings in Newmont Corporation (NYSE:NEM) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,206,418 shares of the basic materials company’s stock after selling 43,550 shares during the period. Newmont accounts for about 1.6% of Gabelli Funds LLC’s holdings, making the stock its biggest position. Gabelli Funds LLC’s holdings in Newmont were worth $238,845,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in Newmont by 2.0% in the first quarter. Public Employees Retirement System of Ohio now owns 456,661 shares of the basic materials company’s stock valued at $49,434,000 after purchasing an additional 8,970 shares during the last quarter. Compound Planning Inc. lifted its position in Newmont by 0.6% during the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after buying an additional 121 shares during the period. Klingman & Associates LLC acquired a new stake in Newmont in the 1st quarter worth about $207,000. Keebeck Wealth Management purchased a new stake in Newmont in the 1st quarter valued at about $235,000. Finally, Caxton Associates LLP purchased a new stake in Newmont in the 1st quarter valued at about $270,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday. TD upgraded shares of Newmont from a “hold” rating to a “buy” rating and lowered their target price for the company from $129.00 to $127.00 in a report on Tuesday, July 14th. UBS Group dropped their price target on shares of Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Jefferies Financial Group cut their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Citigroup reiterated a “positive” rating on shares of Newmont in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Newmont has an average rating of “Moderate Buy” and an average target price of $136.26.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total transaction of $277,140.00. Following the transaction, the executive vice president owned 43,315 shares in the company, valued at $4,001,439.70. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at $15,060,654.68. The trade was a 2.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by company insiders.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont beat Q2 adjusted earnings estimates, reporting $2.10 per share versus $2.05 expected, and delivered record second-quarter free cash flow of about $2.2 billion. Article Title
• Positive Sentiment: Management reaffirmed 2026 guidance and emphasized strong production, cash generation, and capital returns, which supports confidence in the company’s operating outlook. Article Title
• Positive Sentiment: Newmont declared a quarterly dividend of $0.26 per share, reinforcing its appeal as a cash-return story for income-focused investors.
• Positive Sentiment: Several analysts and market commentaries pointed to a stronger balance sheet, robust free cash flow, and aggressive buybacks as reasons to remain constructive on the shares. Article Title
• Neutral Sentiment: Revenue came in below Wall Street estimates at $6.12 billion versus $6.36 billion expected, reflecting lower volumes even as realized gold prices helped earnings.
• Neutral Sentiment: Newmont also outlined a Lihir nearshore barrier project that could unlock more than 5 million ounces starting in 2028, a longer-term growth catalyst rather than an immediate driver. Article Title
• Negative Sentiment: Some commentary flagged lower gold prices and a bearish technical setup as headwinds that may be limiting near-term upside despite the earnings beat. Article Title

Newmont Stock Performance

NYSE NEM opened at $93.16 on Friday. The firm has a market capitalization of $99.45 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.13 and a beta of 0.46. Newmont Corporation has a 1-year low of $61.76 and a 1-year high of $134.88. 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 business’s 50-day simple moving average is $99.93 and its 200-day simple moving average is $109.95.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.36%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the prior year, the company earned $1.43 EPS. Equities analysts predict that Newmont Corporation will post 8.9 EPS for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio is currently 13.49%.

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.