Keybank National Association OH Has $78.93 Million Holdings in Newmont Corporation $NEM

Keybank National Association OH lessened its stake in shares of Newmont Corporation (NYSE:NEM) by 27.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 729,122 shares of the basic materials company’s stock after selling 269,479 shares during the period. Keybank National Association OH’s holdings in Newmont were worth $78,928,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. GoalVest Advisory LLC acquired a new stake in Newmont in the 4th quarter worth approximately $25,000. Pinnacle Bancorp Inc. bought a new stake in Newmont during the first quarter worth approximately $25,000. Swiss RE Ltd. acquired a new position in Newmont during the fourth quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its holdings in Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 206 shares during the last quarter. Finally, JPL Wealth Management LLC bought a new position in shares of Newmont in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: British Columbia approved key regulatory authorizations for Newmont’s Red Chris Block Cave project, allowing a move from open-pit mining to block caving and extending the mine life into the mid-2040s. The project could add long-term copper production and improve the strategic value of Newmont’s asset base. Red Chris Block Cave Approval Might Change The Case For Investing In Newmont (NEM)
• Positive Sentiment: Goldman Sachs kept a buy rating on Newmont while lowering its price target to $111.40 from $122.50, implying meaningful upside from recent trading levels. UBS also reportedly issued a buy view, adding to the constructive analyst tone around the stock.
• Positive Sentiment: Zacks highlighted Newmont as one of the miners that could benefit over the long haul after gold’s steep quarterly selloff, suggesting some investors may see the pullback as an entry opportunity. Gold’s Worst Quarterly Selloff in 13 Years: 3 Miners for the Long Haul
• Neutral Sentiment: Newmont announced it will release second-quarter 2026 results on July 23 and hold a conference call the same day. This is a routine scheduling update, but it puts investors on watch for a near-term catalyst. Newmont Announces Second Quarter 2026 Results Conference Call
• Negative Sentiment: Newmont executive Peter Toth filed notice to sell 3,000 shares under a trading plan, which can add a bit of overhang sentiment even if the sale is prearranged. Newmont Executive Toth Plans Additional Insider Share Sale Under Trading Plan
• Negative Sentiment: The stock had recently slipped alongside the broader market, reflecting short-term weakness despite the longer-term bullish project and analyst developments. Newmont Corporation (NEM) Stock Slides as Market Rises: Facts to Know Before You Trade

Newmont Stock Up 3.9%

NEM opened at $96.95 on Friday. The business has a 50 day moving average of $106.42 and a 200-day moving average of $110.88. The stock has a market capitalization of $103.50 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.55 and a beta of 0.46. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. Newmont Corporation has a 1-year low of $55.37 and a 1-year high of $134.88.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. Newmont’s revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Newmont Corporation will post 9.87 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $315,960.00. Following the transaction, the executive vice president owned 46,315 shares in the company, valued at approximately $4,877,895.80. The trade was a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider directly owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This represents a 9.02% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 25,556 shares of company stock worth $2,781,006. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

NEM has been the subject of a number of analyst reports. Zacks Research upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. BNP Paribas Exane dropped their target price on shares of Newmont from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. National Bank Financial boosted their target price on shares of Newmont from $130.00 to $140.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Canaccord Genuity Group upped their price target on shares of Newmont from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of $139.35.

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.