Empowered Funds LLC Has $54.05 Million Stock Position in Newmont Corporation $NEM

Posted by Stanley Muller on Aug 28th, 2026

Empowered Funds LLC grew its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 4.6% in the second quarter, HoldingsChannel reports. The fund owned 578,679 shares of the basic materials company’s stock after buying an additional 25,501 shares during the period. Empowered Funds LLC’s holdings in Newmont were worth $54,049,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Newmont during the 2nd quarter worth approximately $11,289,753,000. State Street Corp lifted its position in shares of Newmont by 1.0% during the 4th quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after acquiring an additional 480,223 shares during the period. Van ECK Associates Corp lifted its position in shares of Newmont by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after acquiring an additional 5,643,496 shares during the period. Geode Capital Management LLC grew its holdings in shares of Newmont by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock worth $2,738,756,000 after purchasing an additional 946,824 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Newmont in the fourth quarter worth $1,443,128,000. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In related news, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total transaction of $807,456.00. Following the completion of the transaction, the chief executive officer owned 135,235 shares of the company’s stock, valued at $14,064,440. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,091 shares of company stock worth $3,292,513 over the last three months. 0.06% of the stock is owned by company insiders.

Newmont Trading Up 0.7%

Shares of NEM stock opened at $132.50 on Friday. Newmont Corporation has a 1-year low of $72.23 and a 1-year high of $135.29. 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 market cap of $139.61 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.36 and a beta of 0.47. The stock has a 50-day moving average of $103.75 and a 200-day moving average of $109.44.

Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same period in the previous year, the firm earned $1.43 earnings per share. On average, equities research analysts forecast that Newmont Corporation will post 9.01 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio is currently 13.13%.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont’s strong liquidity, cash flows and debt reduction give it flexibility to fund expansion projects while continuing shareholder returns. This strengthens the company’s balance sheet and supports the longer-term investment case. Will Newmont’s Liquidity Strength Unlock Growth and Value?
Positive Sentiment: Recent operating results highlighted 1.29 million ounces of gold production, $2.2 billion in adjusted net income, record quarterly free cash flow of $2.2 billion and $1.9 billion returned to shareholders. Management also reaffirmed its 2026 guidance, reinforcing confidence in execution. Newmont: Investors Punished Barrick For This Deal
Positive Sentiment: Analysts and market commentary point to record free cash flow, a net-cash balance sheet, long-life Tier 1 assets and institutional buying as reasons investors have favored NEM. Its shares were reported to be up 57.8% since an October 2025 institutional-inflow signal. Newmont Shares Shine on Production, Record Free Cash Flow
Neutral Sentiment: Comparisons with Barrick indicate that both gold miners benefit from higher bullion prices, but investors are weighing Newmont’s growth projects, costs, valuation and earnings outlook against its peer. Newmont vs. Barrick Mining: Which Gold Giant Is Shining Brighter?
Negative Sentiment: After the strong rally, one analysis downgraded Newmont, arguing that the market may have already priced in much of the improvement. Other commentary warned that the rally could be premature, increasing the risk of profit-taking or valuation compression. Newmont: The Market Has Finally Caught Up
Negative Sentiment: Newmont faces a potential 2026 production trough, with output guidance of approximately 5.3 million ounces and all-in sustaining costs potentially rising to $1,680 per ounce. Those pressures could limit upside if gold prices weaken. Newmont: The Risks Associated With A Premature Share Price Rally

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Macquarie Infrastructure cut their price target on shares of Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a report on Monday, June 15th. TD boosted their price objective on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Scotiabank lifted their price target on Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, BNP Paribas Exane dropped their price objective on Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Two 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 company. According to MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average target price of $132.73.

View Our Latest Report on NEM

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.