Gabelli Funds LLC Raises Stock Holdings in Newmont Corporation $NEM

Gabelli Funds LLC increased its holdings in Newmont Corporation (NYSE:NEM) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,669,537 shares of the basic materials company’s stock after purchasing an additional 78,800 shares during the period. Newmont accounts for 1.5% of Gabelli Funds LLC’s holdings, making the stock its 3rd biggest holding. Gabelli Funds LLC owned 0.24% of Newmont worth $225,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEM. Aptus Capital Advisors LLC grew its holdings in Newmont by 1.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 160,317 shares of the basic materials company’s stock valued at $13,516,000 after buying an additional 2,947 shares in the last quarter. LOM Asset Management Ltd purchased a new position in shares of Newmont in the third quarter worth $270,000. Consolidated Portfolio Review Corp purchased a new position in shares of Newmont in the third quarter worth $320,000. Pitcairn Co. boosted its position in shares of Newmont by 29.5% during the third quarter. Pitcairn Co. now owns 16,160 shares of the basic materials company’s stock worth $1,362,000 after acquiring an additional 3,683 shares during the last quarter. Finally, United Capital Management of KS Inc. grew its stake in Newmont by 5.0% during the third quarter. United Capital Management of KS Inc. now owns 118,068 shares of the basic materials company’s stock valued at $9,954,000 after acquiring an additional 5,639 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Newmont Stock Performance

Shares of NYSE:NEM opened at $116.37 on Friday. 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 Corporation has a 12 month low of $42.03 and a 12 month high of $134.88. The company has a market capitalization of $126.60 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.97 and a beta of 0.39. The firm’s 50-day moving average is $117.25 and its 200 day moving average is $96.74.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 23.28% and a net margin of 31.25%.The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. Research analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

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

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont (NYSE:NEM) Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont (NYSE:NEM) Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Analyst Ratings Changes

NEM has been the topic of a number of research reports. BMO Capital Markets reduced their price target on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. National Bank Financial raised their price objective on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. BNP Paribas Exane boosted their target price on Newmont from $97.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, Scotiabank increased their price target on Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average price target of $133.68.

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.