USS Investment Management Ltd Cuts Holdings in Newmont Corporation $NEM

Posted by Stanley Muller on Jun 15th, 2026

USS Investment Management Ltd decreased its position in shares of Newmont Corporation (NYSE:NEM – Free Report) by 3.3% in the fourth quarter, HoldingsChannel reports. The firm owned 199,775 shares of the basic materials company’s stock after selling 6,778 shares during the quarter. USS Investment Management Ltd’s holdings in Newmont were worth $19,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new position in shares of Newmont during the fourth quarter valued at about $25,000. Swiss RE Ltd. purchased a new position in shares of Newmont during the fourth quarter valued at about $26,000. Cornerstone Planning Group LLC grew its position in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 206 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Newmont during the fourth quarter valued at about $28,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Newmont during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NEM shares. Jefferies Financial Group raised their price objective on Newmont from $154.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, June 8th. The Goldman Sachs Group lowered their price target on shares of Newmont from $125.10 to $122.50 and set a “buy” rating for the company in a report on Thursday, June 4th. BMO Capital Markets increased their price target on shares of Newmont from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce set a $175.00 price target on shares of Newmont and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Weiss Ratings downgraded shares of Newmont from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $142.26.

Read Our Latest Report on NEM

Newmont Stock Performance

Newmont stock opened at $100.10 on Monday. The company has a 50 day moving average price of $110.94 and a 200-day moving average price of $110.14. 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 Corporation has a fifty-two week low of $55.37 and a fifty-two week high of $134.88. The company has a market capitalization of $106.86 billion, a PE ratio of 12.98, a P/E/G ratio of 1.66 and a beta of 0.42.

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

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont’s payout ratio is currently 13.49%.

Insider Activity at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred 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 owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. The trade was a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the transaction, the executive vice president directly owned 67,865 shares in the company, valued at approximately $7,472,615.15. The trade was a 16.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 31,556 shares of company stock worth $3,444,276. Insiders own 0.06% of the company’s stock.

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.