Chevy Chase Trust Holdings LLC Sells 55,001 Shares of Newmont Corporation $NEM

Chevy Chase Trust Holdings LLC decreased its holdings in Newmont Corporation (NYSE:NEM) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 676,023 shares of the basic materials company’s stock after selling 55,001 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Newmont worth $56,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Newmont in the 2nd quarter valued at $919,170,000. Invesco Ltd. increased its holdings in shares of Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after purchasing an additional 4,839,447 shares during the last quarter. Boston Partners raised its position in shares of Newmont by 4,090.7% in the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after purchasing an additional 4,532,263 shares during the period. LSV Asset Management acquired a new stake in shares of Newmont during the 2nd quarter worth about $187,206,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after buying an additional 2,723,044 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on NEM shares. Scotiabank raised their price objective on shares of Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. National Bank Financial increased their target price on Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group boosted their price target on Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. BNP Paribas Exane upped their price objective on Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, TD Cowen increased their price objective on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $134.15.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record free-cash-flow print and outlook — Newmont reported a record $7.3 billion of free cash flow in 2025 and management expects continued strong cash generation as high gold prices support margins; this underpins valuations and buyback/dividend capacity. Can Newmont Continue Its Strong Free Cash Flow Momentum?
• Positive Sentiment: Analyst backing — Consensus analyst coverage remains constructive (consensus “Buy”), which supports demand for the stock amid volatility. Newmont Receives Consensus Recommendation of “Buy”
• Positive Sentiment: Safe-haven narrative — Multiple industry write-ups highlight Newmont as a core gold-mining play as Iran tensions lift safe-haven demand for gold, which can support NEM over time if bullion stays elevated. 3 Gold Stocks to Watch as the Iran Conflict Drives Safe-Haven Demand
• Positive Sentiment: Long-term bull case highlighted — Analyst pieces argue NEM remains a buy after a large rally, citing strong cash flow, high-return assets and projects that could sustain upside. That narrative can attract dip buyers. Is Newmont Stock a Screaming Buy After a 155% Rally in a Year?
• Neutral Sentiment: Royalty/asset monetization at Saddle North — A Summit Royalties NSR deal on Newmont’s Saddle North reflects evolving project economics and monetization options; could be neutral-to-moderately positive depending on terms and proceeds. Summit Royalties clinches NSR deal on Newmont’s Saddle North
• Negative Sentiment: Sector pressure from geopolitical shock — The metals & mining ETF has fallen since the Iran conflict began as higher oil costs and fears of a growth slowdown weigh on metals demand; that sector pressure is a headwind for miners’ sentiment. This Surprising Sector Has Slid During the Iran War
• Negative Sentiment: Macro data and inflation gauge move — Revised GDP figures and a rise in the Fed’s preferred inflation gauge triggered risk-off movement that Benzinga cites as a proximate reason shares slid on Friday; investors are trimming positions into macro uncertainty. Why Newmont Shares Are Sliding On Friday
• Negative Sentiment: Recent intraday weakness / profit-taking — Coverage of recent sessions notes NEM dipping more than the broader market, consistent with volatile profit-taking after a large run-up; this magnifies pullbacks when macro headlines turn negative. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Newmont Stock Performance

Shares of Newmont stock opened at $109.54 on Monday. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The company has a market cap of $119.16 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.39. The company has a 50 day moving average of $118.73 and a 200-day moving average of $98.69. Newmont Corporation has a 1-year low of $42.93 and a 1-year high of $134.88.

Newmont (NYSE:NEM) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.71. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. As a group, equities research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be paid a $0.26 dividend. 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 of this dividend is Tuesday, March 3rd. Newmont’s payout ratio is presently 16.28%.

Newmont Profile

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.