iA Global Asset Management Inc. Boosts Holdings in Newmont Corporation $NEM

iA Global Asset Management Inc. raised its position in Newmont Corporation (NYSE:NEM) by 44.6% in the 1st quarter, Holdings Channel reports. The firm owned 320,646 shares of the basic materials company’s stock after buying an additional 98,856 shares during the quarter. iA Global Asset Management Inc.’s holdings in Newmont were worth $34,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Newmont during the 2nd quarter valued at about $240,000. Cerity Partners LLC boosted its position in shares of Newmont by 108.9% during the 2nd quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after acquiring an additional 65,342 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Newmont by 8.5% during the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock worth $2,854,000 after purchasing an additional 3,856 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. National Bank Financial upped their price objective on shares of Newmont from $130.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Royal Bank Of Canada dropped their target price on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. BNP Paribas Exane cut their price target on shares of Newmont from $128.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, June 18th. TD Cowen reissued a “buy” rating on shares of Newmont in a report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce set a $175.00 price objective on shares of Newmont and gave the company an “outperform” rating in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.88.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s liquidity, cash flow and debt-reduction profile were highlighted as supporting growth projects and future shareholder returns, which is a constructive sign for investors. Will NEM’s Liquidity Strength Fuel Growth and Returns Ahead?
• Positive Sentiment: UBS kept a buy rating on Newmont despite cutting its price target to $120, and Raymond James maintained outperform with a slightly lower target of $137, signaling analysts still see upside. Analyst target updates
• Positive Sentiment: Commentary noted Newmont tracks gold momentum across the mining sector, and gold’s long-term rally remains an important driver for the stock. Newmont Tracks Gold Momentum Across Mining Sector
• Neutral Sentiment: Zacks and other market pieces focused on Newmont as a widely watched stock and a strong growth candidate, reinforcing attention on the name but adding little immediate catalyst. Here’s Why Newmont Corporation (NEM) is a Strong Growth Stock
• Negative Sentiment: Newmont’s stock fell as the broader market rose, suggesting investors are rotating away from the name despite its long-term fundamentals. Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Negative Sentiment: Options activity showed unusually heavy call trading, which can indicate speculation and heightened uncertainty around the stock’s next move. Is Most-Watched Stock Newmont Corporation (NEM) Worth Betting on Now?
• Negative Sentiment: One article also noted gold’s 2026 rally has cracked, which could weigh on Newmont if bullion prices remain soft. Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?

Newmont Price Performance

Shares of Newmont stock opened at $93.36 on Wednesday. The firm has a market capitalization of $99.67 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.57 and a beta of 0.42. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 12 month low of $55.37 and a 12 month high of $134.88. The business’s 50-day moving average price is $107.10 and its 200-day moving average price is $110.93.

Newmont (NYSE:NEM) last released its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.Newmont’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Sell-side analysts forecast that Newmont Corporation will post 9.91 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s dividend payout ratio (DPR) is 13.49%.

Insider Buying and Selling at Newmont

In other news, insider David John Thornton sold 2,296 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the sale, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction 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. This trade represents a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 25,556 shares of company stock valued at $2,781,006. Insiders own 0.06% of the company’s stock.

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.