Public Employees Retirement System of Ohio Buys 8,970 Shares of Newmont Corporation $NEM

Public Employees Retirement System of Ohio raised its stake in shares of Newmont Corporation (NYSE:NEM) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 456,661 shares of the basic materials company’s stock after buying an additional 8,970 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Newmont were worth $49,434,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Compound Planning Inc. raised its position in shares of Newmont by 0.6% in the 1st quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after purchasing an additional 121 shares during the last quarter. Klingman & Associates LLC purchased a new stake in Newmont during the 1st quarter valued at about $207,000. Keebeck Wealth Management purchased a new stake in Newmont during the 1st quarter valued at about $235,000. Caxton Associates LLP bought a new stake in Newmont during the 1st quarter valued at about $270,000. Finally, Inceptionr LLC raised its holdings in Newmont by 153.2% in the first quarter. Inceptionr LLC now owns 15,574 shares of the basic materials company’s stock worth $1,686,000 after buying an additional 9,424 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Activity at Newmont

In related news, EVP Peter Wexler sold 13,378 shares of Newmont stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares of the company’s stock, valued at $7,472,615.15. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This trade represents a 2.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,556 shares of company stock valued at $3,058,146 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Newmont in a research note on Monday, April 27th. Bank of America decreased their price objective on shares of Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Raymond James Financial lowered their price objective on Newmont from $139.00 to $137.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. TD upgraded Newmont from a “hold” rating to a “buy” rating and cut their target price for the company from $129.00 to $127.00 in a research note on Tuesday, July 14th. Finally, National Bank Financial reduced their target price on Newmont from $140.00 to $125.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $136.26.

Newmont Stock Performance

Shares of NEM stock opened at $94.57 on Friday. The company has a 50 day moving average price of $100.25 and a 200-day moving average price of $110.06. Newmont Corporation has a 52 week low of $59.96 and a 52 week high of $134.88. The firm has a market capitalization of $100.95 billion, a PE ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.87% and a return on equity of 27.84%. During the same quarter in the prior year, the business earned $1.43 EPS. As a group, equities research analysts expect that Newmont Corporation will post 8.9 earnings per share for the current year.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont posted Q2 earnings of $2.10 per share, topping estimates, and said it generated record second-quarter free cash flow of $2.2 billion. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
• Positive Sentiment: The company produced about 1.3 million attributable gold ounces and reaffirmed full-year production guidance, signaling stable operating performance despite weaker gold prices. Newmont Reports Higher Profit Despite Lower Gold Prices
• Positive Sentiment: Management also declared a quarterly dividend of $0.261 per share, which may support investor sentiment. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
• Neutral Sentiment: Several reports highlighted that Newmont is benefiting from still-favorable gold pricing overall, though the metal has recently corrected and remains a key driver of near-term sentiment. Newmont tops profit estimates on higher gold prices, sees steady output
• Negative Sentiment: Gold prices fell sharply during the quarter, which could weigh on future revenue and explains some of the stock’s recent volatility. Newmont shrugs off 13% gold-price correction with record second-quarter free cash flow, tops earnings estimates

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.