Themes Management Co LLC boosted its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 100.1% during the first quarter, Holdings Channel.com reports. The fund owned 14,948 shares of the basic materials company’s stock after acquiring an additional 7,476 shares during the period. Newmont accounts for 1.0% of Themes Management Co LLC’s investment portfolio, making the stock its 16th largest holding. Themes Management Co LLC’s holdings in Newmont were worth $1,618,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Bradley Foster & Sargent Inc. CT purchased a new stake in Newmont in the 1st quarter valued at approximately $585,000. Epoch Investment Partners Inc. purchased a new position in Newmont during the first quarter worth $7,352,000. Entropy Technologies LP raised its holdings in shares of Newmont by 256.3% in the first quarter. Entropy Technologies LP now owns 132,218 shares of the basic materials company’s stock worth $14,313,000 after acquiring an additional 95,113 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of Newmont by 3.6% in the first quarter. Bridgewater Advisors Inc. now owns 3,851 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 133 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Newmont by 1,247.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,089,933 shares of the basic materials company’s stock valued at $226,235,000 after acquiring an additional 1,934,794 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about 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 Trading Down 1.7%
Newmont (NYSE:NEM – Get Free Report) last released its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.36%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.35 billion. During the same period last year, the company earned $1.43 earnings per share. As a group, equities analysts predict that Newmont Corporation will post 8.9 earnings per share for the current year.
Newmont Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.49%.
Insider Activity at Newmont
In other Newmont news, EVP Peter Wexler sold 13,378 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares of the company’s stock, valued at approximately $7,472,615.15. The trade was a 16.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the completion of the transaction, the executive vice president owned 43,315 shares in the company, valued at approximately $4,001,439.70. This trade represents a 6.48% decrease in their ownership of the stock. 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. Insiders sold 28,556 shares of company stock valued at $3,058,146 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Citigroup reissued a “positive” rating on shares of Newmont in a research note on Wednesday, July 15th. TD upgraded shares of Newmont from a “hold” rating to a “buy” rating and lowered their price target for the stock from $129.00 to $127.00 in a report on Tuesday, July 14th. Royal Bank Of Canada cut their price objective 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. Canaccord Genuity Group boosted their price target on Newmont from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Newmont from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Newmont has a consensus rating of “Moderate Buy” and an average target price of $136.26.
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.
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