California Public Employees Retirement System Acquires 129,315 Shares of Newmont Corporation $NEM

California Public Employees Retirement System increased its holdings in shares of Newmont Corporation (NYSE:NEM) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,011,681 shares of the basic materials company’s stock after purchasing an additional 129,315 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Newmont worth $169,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Newmont in the 2nd quarter worth approximately $919,170,000. Invesco Ltd. lifted its holdings in shares of 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 buying an additional 4,839,447 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Newmont by 9.6% during the third quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock worth $687,223,000 after acquiring an additional 711,940 shares during the last quarter. Boston Partners boosted its position in shares of Newmont by 49.3% during the third quarter. Boston Partners now owns 6,931,710 shares of the basic materials company’s stock worth $585,828,000 after acquiring an additional 2,288,653 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Newmont by 33.8% during the third quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock valued at $414,270,000 after acquiring an additional 1,244,845 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record free-cash-flow print and outlook — Newmont reported a record $7.3 billion of free cash flow in 2025 and management expects continued strong cash generation as high gold prices support margins; this underpins valuations and buyback/dividend capacity. Can Newmont Continue Its Strong Free Cash Flow Momentum?
• Positive Sentiment: Analyst backing — Consensus analyst coverage remains constructive (consensus “Buy”), which supports demand for the stock amid volatility. Newmont Receives Consensus Recommendation of “Buy”
• Positive Sentiment: Safe-haven narrative — Multiple industry write-ups highlight Newmont as a core gold-mining play as Iran tensions lift safe-haven demand for gold, which can support NEM over time if bullion stays elevated. 3 Gold Stocks to Watch as the Iran Conflict Drives Safe-Haven Demand
• Positive Sentiment: Long-term bull case highlighted — Analyst pieces argue NEM remains a buy after a large rally, citing strong cash flow, high-return assets and projects that could sustain upside. That narrative can attract dip buyers. Is Newmont Stock a Screaming Buy After a 155% Rally in a Year?
• Neutral Sentiment: Royalty/asset monetization at Saddle North — A Summit Royalties NSR deal on Newmont’s Saddle North reflects evolving project economics and monetization options; could be neutral-to-moderately positive depending on terms and proceeds. Summit Royalties clinches NSR deal on Newmont’s Saddle North
• Negative Sentiment: Sector pressure from geopolitical shock — The metals & mining ETF has fallen since the Iran conflict began as higher oil costs and fears of a growth slowdown weigh on metals demand; that sector pressure is a headwind for miners’ sentiment. This Surprising Sector Has Slid During the Iran War
• Negative Sentiment: Macro data and inflation gauge move — Revised GDP figures and a rise in the Fed’s preferred inflation gauge triggered risk-off movement that Benzinga cites as a proximate reason shares slid on Friday; investors are trimming positions into macro uncertainty. Why Newmont Shares Are Sliding On Friday
• Negative Sentiment: Recent intraday weakness / profit-taking — Coverage of recent sessions notes NEM dipping more than the broader market, consistent with volatile profit-taking after a large run-up; this magnifies pullbacks when macro headlines turn negative. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Analyst Upgrades and Downgrades

NEM has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. TD Securities cut their price objective on Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce reduced their target price on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. The Goldman Sachs Group boosted their target price on Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Wall Street Zen raised Newmont from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Three 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, the stock presently has an average rating of “Buy” and a consensus price target of $134.15.

Newmont Price Performance

NYSE:NEM opened at $109.54 on Monday. The firm has a market capitalization of $119.16 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.85 and a beta of 0.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The business has a 50 day simple moving average of $118.73 and a 200-day simple moving average of $98.69. Newmont Corporation has a 1 year low of $42.93 and a 1 year high of $134.88.

Newmont (NYSE:NEM) last released 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 23.28% and a net margin of 31.25%.The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities analysts forecast that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

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

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.