Newmont Corporation $NEM Shares Sold by The Manufacturers Life Insurance Company

Posted by Brian Himes on Jul 30th, 2026

The Manufacturers Life Insurance Company trimmed its stake in shares of Newmont Corporation (NYSE:NEM – Free Report) by 5.4% during the first quarter, HoldingsChannel reports. The fund owned 654,963 shares of the basic materials company’s stock after selling 37,228 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Newmont were worth $70,900,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. bought a new stake in shares of Newmont in the 1st quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new position in Newmont in the first quarter worth about $25,000. Swiss RE Ltd. bought a new stake in Newmont in the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Newmont during the third quarter valued at approximately $27,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on NEM shares. Citigroup decreased their target price on Newmont from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $168.00 price objective on shares of Newmont in a research note on Tuesday. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BNP Paribas Exane lowered their target price on shares of Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Finally, Canaccord Genuity Group dropped their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Two equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.83.

Check Out Our Latest Stock Report on NEM

Newmont Stock Down 0.2%

NYSE:NEM opened at $91.34 on Thursday. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $99.02 and a 200-day moving average of $109.65. The firm has a market capitalization of $96.24 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.46. Newmont Corporation has a 52 week low of $61.76 and a 52 week high of $134.88.

Newmont (NYSE:NEM – Get Free Report) last announced its quarterly 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 return on equity of 29.10% and a net margin of 33.36%.The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter last year, the business posted $1.43 EPS. Analysts predict that Newmont Corporation will post 8.99 EPS for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is presently 13.13%.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the sale, the executive vice president directly owned 43,315 shares in the company, valued at $4,001,439.70. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated 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 owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% 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. Over the last ninety days, insiders have sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by corporate insiders.

Newmont Profile

(Free Report)

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.