Madison Asset Management LLC Invests $4.38 Million in Newmont Corporation $NEM

Posted by Stanley Muller on Jul 22nd, 2026

Madison Asset Management LLC bought a new stake in shares of Newmont Corporation (NYSE:NEM – Free Report) during the 1st quarter, Holdings Channel reports. The fund bought 40,500 shares of the basic materials company’s stock, valued at approximately $4,384,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEM. Apella Capital LLC boosted its holdings in Newmont by 4.1% in the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after acquiring an additional 86 shares in the last quarter. New Wave Wealth Advisors LLC raised its holdings in Newmont by 1.3% in the 4th quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock worth $684,000 after purchasing an additional 88 shares in the last quarter. Novem Group raised its holdings in Newmont by 3.7% in the 4th quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 88 shares in the last quarter. Norden Group LLC lifted its position in shares of Newmont by 0.7% in the 4th quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after purchasing an additional 90 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after purchasing an additional 96 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Wall Street brokerage sentiment remains upbeat on Newmont, which can support the stock as investors look for analyst confidence ahead of earnings. Wall Street Bulls Look Optimistic About Newmont (NEM): Should You Buy?
Positive Sentiment: Strong gold prices remain a key tailwind for Newmont, helping offset some operational pressure and reinforcing the investment case for the gold producer. Here’s How to Play Newmont Stock Before Q2 Earnings Release
Neutral Sentiment: Several recent articles focus on how to trade or value Newmont ahead of earnings, reflecting heightened attention but not a clear new fundamental catalyst. Here’s How to Play Newmont Stock Before Q2 Earnings Release
Neutral Sentiment: Some market commentary says Newmont could be volatile around earnings due to U.S.-Iran tensions and the upcoming report, which may increase trading activity without clearly favoring direction. Newmont Stock Suddenly Offers a Double-Sided Debit Trade on U.S.-Iran Tensions and Upcoming Earnings
Negative Sentiment: Expectations for lower production, rising costs, and weaker margins in Q2 could pressure shares if Newmont’s earnings or guidance come in below hopes. Here’s How to Play Newmont Stock Before Q2 Earnings Release
Negative Sentiment: Scotiabank’s negative outlook for FY2027 earnings adds another cautionary note for investors focused on longer-term profitability. Scotiabank Has Negative Outlook for Newmont FY2027 Earnings

Newmont Stock Up 3.6%

NYSE:NEM opened at $92.45 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The firm’s 50-day moving average price is $101.15 and its 200-day moving average price is $110.14. The company has a market capitalization of $98.70 billion, a PE ratio of 11.99, a P/E/G ratio of 1.04 and a beta of 0.46. Newmont Corporation has a 1-year low of $59.96 and a 1-year high of $134.88.

Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. Newmont’s revenue was up 45.8% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. On average, equities analysts predict that Newmont Corporation will post 9.07 EPS for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is presently 13.49%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEM. The Goldman Sachs Group reduced their price target on shares of Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Barclays cut their price objective on Newmont from $133.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Macquarie Infrastructure reduced their target price on Newmont from $133.00 to $123.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. Finally, Jefferies Financial Group decreased their target price on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.26.

Read Our Latest Research Report on NEM

Insider Buying and Selling

In related news, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. This represents a 2.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares in the company, valued at $7,472,615.15. The trade was a 16.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by company insiders.

About Newmont

(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.