Canada Pension Plan Investment Board Purchases New Position in Newmont Corporation $NEM

Canada Pension Plan Investment Board acquired a new position in Newmont Corporation (NYSE:NEM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,826,487 shares of the basic materials company’s stock, valued at approximately $170,594,000.

Other hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Newmont during the first quarter valued at $25,000. Cedar Mountain Advisors LLC purchased a new position in Newmont in the 1st quarter worth about $25,000. Clearstead Trust LLC purchased a new position in Newmont in the 2nd quarter worth about $25,000. Kilter Group LLC bought a new position in Newmont during the 2nd quarter valued at about $26,000. Finally, Swiss RE Ltd. bought a new position in Newmont during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction of $280,350.00. Following the completion of the sale, the executive vice president owned 40,315 shares of the company’s stock, valued at $3,767,436.75. The trade was a 6.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,091 shares of company stock worth $3,292,513 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Newmont Price Performance

Shares of NYSE:NEM opened at $131.49 on Thursday. The firm’s 50 day moving average price is $103.17 and its 200-day moving average price is $109.32. Newmont Corporation has a twelve month low of $71.49 and a twelve month high of $135.29. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $138.55 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.47.

Newmont (NYSE:NEM) last posted its quarterly earnings data 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. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same quarter last year, the firm posted $1.43 earnings per share. Equities research analysts expect that Newmont Corporation will post 9.01 EPS for the current year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be given a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 annualized dividend and a yield of 0.8%. Newmont’s dividend payout ratio (DPR) is presently 13.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEM. BMO Capital Markets reduced their price target on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. The Goldman Sachs Group lowered their price objective on shares of Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Royal Bank Of Canada cut their target price on shares of Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group decreased their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.73.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record free cash flow and strong earnings support the stock. Newmont’s second-quarter 2026 results included 1.29 million ounces of gold production, $2.2 billion in adjusted net income, or $2.10 per share, and record free cash flow of $2.2 billion. The company returned $1.9 billion to shareholders and reaffirmed its 2026 guidance. Newmont Shares Shine on Production, Record Free Cash Flow
• Positive Sentiment: Elevated gold prices are boosting the outlook for gold miners. Gold’s rebound, supported by lower bond yields, a weaker dollar and Treasury-related buying, is increasing the potential value of Newmont’s production. The company’s Tier-1 assets, long mine lives and net-cash balance sheet further strengthen its investment case. Newmont Faces Gold Above $4,500
• Positive Sentiment: Valuation and sector comparisons remain favorable. One analysis characterizes Newmont as a moderate Buy, citing a forward P/E of about 9.6 times, shareholder returns and stronger cash flow. Newmont and Barrick Mining are both benefiting from higher bullion prices, although their growth and cost profiles differ. Newmont: Investors Punished Barrick For This Deal
• Neutral Sentiment: Newmont’s inclusion in discussions of gold-mining ETFs such as the VanEck Gold Miners ETF (GDX) may provide broader investor exposure, but ETF flows are not a company-specific catalyst. Gold and Bitcoin Are Rebounding
• Negative Sentiment: Higher costs and a production trough could limit upside. Newmont’s 2026 outlook calls for all-in sustaining costs of up to $1,680 per ounce and production of roughly 5.3 million ounces. Investors are questioning whether gold prices above $4,500 can continue to outpace cost inflation. Newmont: The Risks Associated With A Premature Share Price Rally

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.