Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Newmont Corporation $NEM

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Newmont Corporation (NYSE:NEM) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 173,721 shares of the basic materials company’s stock after buying an additional 14,019 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Newmont were worth $17,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in Newmont in the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after buying an additional 236 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the period. JPL Wealth Management LLC purchased a new stake in Newmont during the third quarter valued at $27,000. Finally, Lodestone Wealth Management LLC bought a new position in Newmont in the fourth quarter valued at about $28,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein upgraded Newmont from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $121.00 to $157.00 in a research note on Friday, February 27th. Scotiabank dropped their price objective on shares of Newmont from $152.00 to $151.00 and set a “sector outperform” rating on the stock in a report on Friday, March 20th. TD Securities reaffirmed a “hold” rating and set a $129.00 target price on shares of Newmont in a report on Monday, April 27th. Wall Street Zen upgraded shares of Newmont from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Argus lifted their price target on shares of Newmont from $94.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $142.51.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s blowout Q1 results and revenue/EPS beats have reinforced earnings momentum and underpinned upgrades and higher price targets from several firms (BMO, Citigroup, Scotiabank among others), which supports upside sentiment for the stock. Read More.
• Positive Sentiment: Scotiabank raised its FY2026/2027 EPS forecasts and maintains a Sector Outperform view with a $151 target, signaling improving analyst fundamentals that can lift investor expectations. Read More.
• Positive Sentiment: Newmont-funded exploration: Newmont fully funded Headwater Gold’s 2025–26 Lodestar drill program under an earn‑in and the program identified a new “Meridian Zone” — positive for Newmont’s Nevada exploration pipeline and optionality. Read More.
• Positive Sentiment: Investor interest from thematic/precious‑metals screens: Newmont is being highlighted in recent “best silver mining” and long‑term growth lists after its strong quarter, which can attract new flows from sector ETFs and retail buyers. Read More.
• Neutral Sentiment: Insider share sales (executive filings including Rule 10b5‑1 plans) were reported; filings show sales were largely to cover tax withholding on vested awards and executed under pre‑arranged plans, which appears administrative rather than an outright negative signal. Read More.
• Neutral Sentiment: Newmont pays a modest quarterly dividend (recently announced), which supports income investors but is not the primary driver of large directional moves. Read More.
• Negative Sentiment: Earlier in May the market reacted negatively after Newmont authorized up to US$6 billion in buybacks despite the Q1 beat; that announcement triggered intra‑day selling in some accounts—an example of how capital allocation timing/scale can prompt short‑term profit‑taking. Read More.

Insiders Place Their Bets

In other Newmont news, insider David James Fry sold 18,394 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This represents a 51.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the 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 $330,330.00. Following the sale, the executive vice president directly owned 49,315 shares of the company’s stock, valued at approximately $5,430,074.65. This trade represents a 5.73% decrease in their ownership of the stock. 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. Insiders sold a total of 43,068 shares of company stock worth $4,769,475 over the last quarter. Company insiders own 0.06% of the company’s stock.

Newmont Trading Up 5.5%

Shares of Newmont stock opened at $114.97 on Thursday. The company has a market capitalization of $122.74 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.55 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The company has a fifty day moving average of $113.12 and a 200 day moving average of $105.80. Newmont Corporation has a fifty-two week low of $48.27 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was up 45.8% on a year-over-year basis. On average, sell-side analysts anticipate that Newmont Corporation will post 9.5 earnings per share for the current fiscal year.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

About Newmont

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.