Caisse de depot et placement du Quebec Invests $111.99 Million in Newmont Corporation $NEM

Caisse de depot et placement du Quebec acquired a new stake in Newmont Corporation (NYSE:NEM) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,199,005 shares of the basic materials company’s stock, valued at approximately $111,987,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Newmont during the second quarter worth about $11,289,753,000. Norges Bank acquired a new position in Newmont in the fourth quarter valued at about $1,443,128,000. Bank of New York Mellon Corp purchased a new position in Newmont during the second quarter worth about $1,219,505,000. Deutsche Bank AG acquired a new stake in shares of Newmont during the second quarter valued at about $911,180,000. Finally, Legal & General Group Plc acquired a new stake in shares of Newmont during the second quarter valued at about $778,894,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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

Insider Activity

In other news, CFO Brian Tabolt sold 11,445 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This trade represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the sale, the chief executive officer owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. The trade was a 5.43% 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. In the last 90 days, insiders have sold 32,091 shares of company stock worth $3,292,513. 0.06% of the stock is currently owned by insiders.

Newmont Price Performance

Newmont stock opened at $131.49 on Thursday. The stock has a market cap of $138.55 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.47. The company has a fifty day simple moving average of $103.17 and a 200-day simple moving average of $109.32. Newmont Corporation has a 12-month low of $71.49 and a 12-month high of $135.29. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. Equities analysts expect that Newmont Corporation will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Analyst Ratings Changes

NEM has been the subject of a number of research analyst reports. BNP Paribas Exane lowered their price objective on shares of Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Barclays cut their target price on Newmont from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 28th. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Bank of America decreased their target price on Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $132.73.

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.