Mackenzie Financial Corp Has $110.13 Million Stock Holdings in Newmont Corporation $NEM

Posted by Trevor Kearing on Mar 12th, 2026

Mackenzie Financial Corp boosted its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 201.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,306,238 shares of the basic materials company’s stock after acquiring an additional 873,322 shares during the period. Mackenzie Financial Corp’s holdings in Newmont were worth $110,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NEM. Colonial Trust Advisors boosted its holdings in Newmont by 20.8% in the 3rd quarter. Colonial Trust Advisors now owns 684 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 118 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Newmont by 53.5% in the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company’s stock valued at $34,000 after buying an additional 139 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in Newmont by 26.4% in the third quarter. HHM Wealth Advisors LLC now owns 670 shares of the basic materials company’s stock valued at $56,000 after buying an additional 140 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in shares of Newmont by 1.7% during the 3rd quarter. Fielder Capital Group LLC now owns 8,390 shares of the basic materials company’s stock valued at $707,000 after acquiring an additional 141 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its holdings in shares of Newmont by 2.3% during the third quarter. Summit Financial Wealth Advisors LLC now owns 6,584 shares of the basic materials company’s stock worth $566,000 after purchasing an additional 145 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Price Performance

Shares of NYSE NEM opened at $116.23 on Thursday. The firm has a market capitalization of $126.44 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.92 and a beta of 0.39. The firm’s 50-day moving average price is $118.27 and its 200-day moving average price is $97.94. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. Newmont Corporation has a 1-year low of $42.90 and a 1-year high of $134.88.

Newmont (NYSE:NEM – Get Free Report) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm’s revenue was up 20.6% compared to the same quarter last year. Equities research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 3rd. Newmont’s dividend payout ratio is presently 16.28%.

More Newmont News

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Multiple banks have raised price targets and reiterated buy/overweight views on NEM, supporting medium-term upside as analysts price in stronger gold and earnings momentum. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
Positive Sentiment: JPMorgan initiated coverage with an Overweight and projects meaningful production growth through 2029, which underpins longer-term free cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
Positive Sentiment: BofA and other brokers have lifted price targets (example: BofA to $151), reflecting recent beats, higher realized gold, and improved earnings outlooks — a bullish counterweight to short-term volatility. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
Neutral Sentiment: Zacks lists NEM among top-ranked stocks likely to beat upcoming earnings, which is supportive but depends on execution vs. the company’s 2026 guidance. Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
Negative Sentiment: Gold prices eased ahead of the U.S. CPI print, which directly hit Newmont given miners’ leverage to bullion; that macro-driven drop is the primary reason shares fell today. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
Negative Sentiment: Today’s inflation report also spooked gold investors, adding to the pullback in NEM despite the company’s valuation being viewed as attractive by some analysts. Why Newmont Corporation Stock Dropped Again Today
Negative Sentiment: Short interest rose significantly in February (~19.7% increase), signaling higher hedge-driven pressure and potential for amplified moves on negative catalysts. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
Negative Sentiment: Zacks noted NEM dipped more than the broader market today, reflecting the combination of commodity sensitivity and near-term macro risk. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Securities lowered their price objective on Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Jefferies Financial Group increased their price target on Newmont from $158.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Sanford C. Bernstein raised Newmont from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Royal Bank Of Canada upped their target price on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Argus raised their target price on Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont has an average rating of “Buy” and an average price target of $134.15.

Check Out Our Latest Stock Report on NEM

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.