Gamco Investors INC. ET AL Has $53.77 Million Position in Newmont Corporation $NEM

Gamco Investors INC. ET AL lessened its holdings in shares of Newmont Corporation (NYSE:NEM) by 16.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 496,737 shares of the basic materials company’s stock after selling 99,608 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Newmont were worth $53,772,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Newmont in the fourth quarter valued at $1,443,128,000. Van ECK Associates Corp increased its position in shares of Newmont by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock worth $2,973,539,000 after acquiring an additional 5,643,496 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Newmont by 110.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company’s stock worth $873,011,000 after acquiring an additional 4,588,018 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Newmont by 82.5% in the 4th quarter. AQR Capital Management LLC now owns 7,402,278 shares of the basic materials company’s stock worth $739,117,000 after acquiring an additional 3,345,543 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Newmont by 398.3% in the 4th quarter. Assetmark Inc. now owns 2,870,495 shares of the basic materials company’s stock worth $286,619,000 after acquiring an additional 2,294,396 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NEM. Royal Bank Of Canada cut their price target on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Scotiabank dropped their target price on Newmont from $151.00 to $147.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. National Bank Financial cut their target price on Newmont from $140.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Finally, TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two equities 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. Based on data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average target price of $136.26.

Newmont News Summary

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 Down 1.7%

Newmont stock opened at $93.16 on Friday. Newmont Corporation has a fifty-two week low of $61.76 and a fifty-two week high of $134.88. The stock has a market cap of $99.45 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.13 and a beta of 0.46. The firm’s 50-day simple moving average is $99.93 and its 200 day simple moving average is $109.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.

Newmont (NYSE:NEM) last issued 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 business had revenue of $6.12 billion during 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 29.36%. During the same period in the prior year, the firm posted $1.43 EPS. Research analysts predict that Newmont Corporation will post 8.9 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is presently 13.49%.

Insiders Place Their Bets

In related news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the sale, the chief executive officer directly owned 142,999 shares in the company, valued at approximately $15,060,654.68. This trade represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the transaction, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. This represents a 9.02% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 28,556 shares of company stock valued at $3,058,146. Insiders own 0.06% of the company’s stock.

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.