51,281 Shares in Newmont Corporation $NEM Acquired by Summit Global Investments

Posted by Francis Steltz on Nov 1st, 2026

Summit Global Investments purchased a new position in shares of Newmont Corporation (NYSE:NEM – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 51,281 shares of the basic materials company’s stock, valued at approximately $5,915,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NEM. BlackRock Inc. purchased a new position in shares of Newmont in the 2nd quarter worth about $11,289,753,000. Van ECK Associates Corp purchased a new position in shares of Newmont during the 2nd quarter valued at $671,197,000. Bank of New York Mellon Corp purchased a new position in shares of Newmont during the 2nd quarter valued at $1,219,505,000. First Eagle Investment Management LLC purchased a new position in shares of Newmont during the 2nd quarter valued at $241,820,000. Finally, Amundi bought a new position in shares of Newmont during the 2nd quarter worth $209,411,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Down 4.7%

NYSE:NEM opened at $106.60 on Friday. Newmont Corporation has a 1 year low of $78.60 and a 1 year high of $135.29. The stock’s fifty day moving average price is $120.62 and its two-hundred day moving average price is $112.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. The company has a market cap of $110.78 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.95 and a beta of 0.51.

Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same period in the previous year, the business earned $1.71 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, analysts expect that Newmont Corporation will post 9.11 EPS for the current year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Newmont’s dividend payout ratio is 12.09%.

Insiders Place Their Bets

In other Newmont 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 value of $1,202,755.05. Following the completion of the transaction, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $114.81, for a total value of $344,430.00. Following the transaction, the executive vice president directly owned 34,315 shares of the company’s stock, valued at $3,939,705.15. The trade was a 8.04% 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. Insiders sold a total of 35,973 shares of company stock worth $3,927,169 in the last quarter. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NEM has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Newmont from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 29th. Jefferies Financial Group upped their price objective on shares of Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Royal Bank Of Canada upped their price objective on shares of Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $154.00 target price on shares of Newmont in a research note on Friday, October 16th. Finally, TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.20.

View Our Latest Stock Report on NEM

Newmont Company Profile

(Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.