Newmont Corporation $NEM Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in Newmont Corporation (NYSE:NEM) by 92.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,690 shares of the basic materials company’s stock after purchasing an additional 7,038 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Newmont were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Newmont in the 2nd quarter worth $919,170,000. Invesco Ltd. increased its stake in Newmont by 45.0% during the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after acquiring an additional 4,839,447 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Newmont by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock worth $433,236,000 after purchasing an additional 438,748 shares during the period. Boston Partners lifted its stake in shares of Newmont by 4,090.7% in the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock valued at $272,558,000 after purchasing an additional 4,532,263 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Newmont by 2.7% during the 3rd quarter. National Pension Service now owns 4,354,264 shares of the basic materials company’s stock worth $367,108,000 after purchasing an additional 114,949 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Beat expectations: Q4 EPS of $2.52 and revenue of $6.82B topped estimates, driven by higher realized gold prices and margin expansion. Read More.
• Positive Sentiment: Record free cash flow and strong profitability in 2025 supported balance sheet and capital flexibility — a reason some investors remain constructive. Read More.
• Positive Sentiment: Dividend increase: the company raised the quarterly payout to $0.26 (4% increase), signaling continued shareholder returns. Read More.
• Neutral Sentiment: Mineral reserves declined to 118.2M attributable gold ounces at year‑end 2025 versus 134.1M in 2024 — management attributes the drop mainly to divestments rather than operating shortfalls. Read More.
• Neutral Sentiment: Analyst framing remains mixed-to-favorable: many firms still rate NEM buy/outperform and Zacks highlights it as a strong growth stock based on style scores, leaving upside potential for longer‑term investors. Read More.
• Negative Sentiment: 2026 guidance disappointed: management forecast ~5.3M oz attributable gold production (below 2025), AISC around ~$1,680/oz and sizable sustaining/development capital spending — the softer outlook is the main near‑term headwind. Read More.
• Negative Sentiment: “Sell‑the‑news” reaction: after the strong quarter, investors focused on the muted 2026 outlook and the stock pulled back as a result. Read More.
• Negative Sentiment: Analyst/pricing moves and insider/institutional flows: BMO trimmed its price target (from $145 to $140) and filings show notable insider sales and large institutional reallocations (some big holders reduced positions), which likely added selling pressure. Read More.
• Negative Sentiment: Median analyst targets and positioning: recent medians/targets (Quiver/other services) show some targets below the current price, reinforcing mixed near‑term sentiment. Read More.

Analyst Ratings Changes

Several research firms recently commented on NEM. Canaccord Genuity Group raised their price target on shares of Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. BMO Capital Markets reduced their target price on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday. The Goldman Sachs Group upped their price target on shares of Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a research report on Monday, January 12th. Stifel Nicolaus raised their price objective on Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $131.66.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the sale, the director owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

Newmont Stock Performance

Shares of NEM stock opened at $122.16 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The company’s fifty day moving average price is $113.12 and its two-hundred day moving average price is $92.97. The firm has a market capitalization of $133.31 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.05 and a beta of 0.40. Newmont Corporation has a 12 month low of $41.23 and a 12 month high of $134.88.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a return on equity of 23.58% and a net margin of 31.25%.The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s revenue was up 20.6% on a year-over-year basis. On average, research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This is an increase from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s dividend payout ratio (DPR) is currently 15.53%.

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.