Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in Newmont Corporation $NEM

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Newmont Corporation (NYSE:NEM) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,962,051 shares of the basic materials company’s stock after selling 216,647 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Newmont worth $295,761,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Newmont in the fourth quarter worth $7,684,000. Robeco Institutional Asset Management B.V. increased its position in shares of Newmont by 16.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,996,775 shares of the basic materials company’s stock worth $498,928,000 after acquiring an additional 692,560 shares in the last quarter. Successful Portfolios LLC increased its position in shares of Newmont by 3.1% in the fourth quarter. Successful Portfolios LLC now owns 6,294 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 191 shares in the last quarter. Gibbs Wealth Management increased its position in shares of Newmont by 1.5% in the fourth quarter. Gibbs Wealth Management now owns 9,575 shares of the basic materials company’s stock worth $1,044,000 after acquiring an additional 143 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Newmont by 67.0% in the fourth quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock worth $4,069,000 after acquiring an additional 16,352 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total transaction of $339,270.00. Following the completion of the sale, the executive vice president directly owned 52,315 shares of the company’s stock, valued at approximately $5,916,303.35. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David James Fry sold 18,394 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the transaction, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,394 shares of company stock valued at $2,713,281. Company insiders own 0.06% of the company’s stock.

Newmont Price Performance

NEM opened at $120.84 on Friday. The company has a fifty day simple moving average of $115.34 and a 200 day simple moving average of $102.76. The firm has a market cap of $130.50 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.92 and a beta of 0.46. Newmont Corporation has a twelve month low of $48.27 and a twelve month high of $134.88. 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 (NYSE:NEM) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Equities research analysts expect that Newmont Corporation will post 3.45 EPS for the current fiscal year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio (DPR) is 16.28%.

Analyst Ratings Changes

NEM has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. TD Securities dropped their price objective on shares of Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Citigroup increased their price objective on shares of Newmont from $118.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.91.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Jefferies raised its price target on NEM to $165 and maintained a Buy rating — a sizable upside view that supports further upside interest from investors. Jefferies Adjusts Price Target on Newmont to $165
• Positive Sentiment: Goldman Sachs nudged its price target higher and kept a Buy rating, providing incremental analyst support for the stock. Goldman Sachs Adjusts Price Target on Newmont
• Positive Sentiment: Macro/sector writeups point to higher gold prices (sovereign de‑dollarization, inflation) creating a structural floor for majors like Newmont — a tailwind for sentiment and multiples. Golden Ceasefires: Forget Fear, It’s About the Global Reset
• Positive Sentiment: Barron’s highlights that miners could rally if geopolitical copper fears fade and commodities recover — it cites potential upside for gold miners including Newmont in a recovery scenario. Copper Is a ‘Peace’ Commodity. Own These Miners in a Market Recovery.
• Positive Sentiment: Several momentum/stock‑pick pieces (MSN, Zacks) profile NEM as a long‑term momentum/value candidate, which can attract retail and quant flows. Why Newmont Corporation (NEM) is a top momentum stock for the long term Zacks: Why Newmont Is a Top Momentum Stock
• Negative Sentiment: Covering the other side, Yahoo Finance/Zacks report falling gold production and rising costs in 2026 from mine transitions and lower volumes — this could weigh on FY26 margins and cap investor enthusiasm if realized. Will Falling Gold Production Weigh on Newmont’s FY26 Performance? Zacks: Will Falling Gold Production Weigh on Newmont’s FY26 Performance?

Newmont Company 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.