Newmont Corporation $NEM Stock Holdings Boosted by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. increased its position in Newmont Corporation (NYSE:NEM) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 723,773 shares of the basic materials company’s stock after acquiring an additional 6,168 shares during the period. Newmont makes up 0.9% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 18th biggest position. Tocqueville Asset Management L.P.’s holdings in Newmont were worth $61,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NEM. Norges Bank bought a new position in Newmont in the 2nd quarter worth about $919,170,000. Invesco Ltd. lifted its holdings in Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares during the period. Legal & General Group Plc grew its position in Newmont by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock valued at $687,223,000 after buying an additional 711,940 shares in the last quarter. Victory Capital Management Inc. increased its stake in Newmont by 33.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock valued at $414,270,000 after buying an additional 1,244,845 shares during the period. Finally, Boston Partners increased its stake in shares of Newmont by 4,090.7% during the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after acquiring an additional 4,532,263 shares during the period. 68.85% of the stock is currently owned by institutional investors.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record cash generation supports fundamentals — Newmont reported record free cash flow ($7.3B in 2025) and guidance that management expects continued strength as high gold prices bolster cash generation, which underpins dividends and buybacks. Can Newmont Continue Its Strong Free Cash Flow Momentum?
• Positive Sentiment: Geopolitical safe‑haven demand is a tailwind — Rising Iran tensions have pushed investor interest toward gold and major gold miners (NEM highlighted alongside peers), which can lift revenues and valuation multiples if bullion remains bid. 3 Gold Stocks to Watch as the Iran Conflict Drives Safe-Haven Demand
• Positive Sentiment: Wall Street backing — Recent analyst coverage is favorable (consensus “Buy” noted by some services and multiple firms with higher price targets), supporting longer‑term investor confidence. Newmont Corporation (NYSE:NEM) Receives Consensus Recommendation of “Buy” from Analysts
• Neutral Sentiment: Royalty deal at Saddle North — Summit Royalties clinched a net‑smelter‑return (NSR) royalty on Newmont’s Saddle North project. That sale can alter project economics (reducing Newmont’s future upside on that asset while potentially freeing capital / de‑risking development). Impact depends on how proceeds are redeployed. Summit Royalties clinches NSR deal on Newmont’s Saddle North Newmont Royalty Deal At Saddle North Highlights Evolving Project Economics
• Negative Sentiment: Near‑term commodity pullback — Gold prices eased ahead of key U.S. inflation data (CPI), and day‑to‑day declines in bullion hit Newmont’s share price because miner earnings and cash flow are highly leveraged to the gold price. This is the primary driver of today’s weakness. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
• Negative Sentiment: Investor focus on execution and capital returns — After releasing its 2026 outlook and updated capital‑allocation framework, investors are watching execution (production/cost targets) and near‑term returns; any perceived execution risk or macro shock can amplify share declines. Inflation data also briefly spooked gold‑focused flows. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today Why Newmont Corporation Stock Dropped Again Today

Newmont Stock Down 3.3%

Shares of NYSE:NEM traded down $3.74 on Friday, reaching $110.75. The company had a trading volume of 2,793,155 shares, compared to its average volume of 9,807,463. The stock has a market capitalization of $120.48 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.90 and a beta of 0.39. The stock has a 50-day moving average price of $118.56 and a 200 day moving average price of $98.06. Newmont Corporation has a twelve month low of $42.93 and a twelve month high of $134.88. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

Newmont (NYSE:NEM) last issued its quarterly earnings data 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. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the business earned $1.40 EPS. The firm’s revenue was up 20.6% compared to the same quarter last year. On average, equities analysts expect that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on NEM. Canadian Imperial Bank of Commerce lowered their target price on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. BNP Paribas Exane boosted their target price on shares of Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. DZ Bank raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Macquarie Infrastructure raised their price target on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Argus upped their price objective on shares of 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 issued a Hold rating to the stock. According to data from MarketBeat, Newmont has a consensus rating of “Buy” and a consensus target price of $134.15.

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.