Banque Pictet & Cie SA Sells 12,869 Shares of Newmont Corporation $NEM

Banque Pictet & Cie SA reduced its holdings in Newmont Corporation (NYSE:NEM) by 7.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,001 shares of the basic materials company’s stock after selling 12,869 shares during the period. Banque Pictet & Cie SA’s holdings in Newmont were worth $16,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Newmont by 45.0% in the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after acquiring an additional 4,839,447 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Newmont by 172.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after acquiring an additional 2,723,044 shares during the last quarter. Boston Partners increased its stake in 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. Arrowstreet Capital Limited Partnership raised its position in Newmont by 106.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,155,210 shares of the basic materials company’s stock valued at $349,288,000 after purchasing an additional 2,146,905 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Newmont by 142.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,262,258 shares of the basic materials company’s stock valued at $189,963,000 after purchasing an additional 1,914,286 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total value of $324,000.00. Following the completion of the sale, the executive vice president directly owned 55,315 shares in the company, valued at approximately $5,974,020. This represents a 5.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David James Fry sold 18,394 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is owned by corporate insiders.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rebound and sector bid lifted Newmont shares today — bullion strength and investor rotation into defensive/mining exposures supported the rally, and Newmont’s updated 2026 outlook and capital-allocation priorities made the stock especially responsive. Newmont gains as gold rebounds and miners catch a bid
• Positive Sentiment: Analyst upgrade: a Seeking Alpha piece upgraded NEM to Buy, arguing the stock is cheap (about 11.5x forward P/E vs. 5‑yr avg ~16.6x), margins should remain elevated absent a major gold collapse, and production growth through 2027–2029 could drive volume and multiple expansion. Newmont: A Falling Golden Knife Worth Catching Now (Upgrade)
• Positive Sentiment: Solid earnings track record — recent coverage (Yahoo Finance / Zacks) highlights Newmont’s history of beating estimates and notes the company currently exhibits the indicators that correlate with another likely earnings beat. This supports bullish sentiment heading into the next report. Will Newmont (NEM) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Broker support: Macquarie issued a Buy on Newmont, reinforcing buy-side interest and adding to recent analyst-positive momentum. Newmont Corporation CHESS (NEM) Gets a Buy from Macquarie
• Neutral Sentiment: Corporate calendar: Newmont will report Q1 2026 results and host a conference call on April 23 — a potential short-term catalyst for volatility around the print. Newmont Announces First Quarter 2026 Results Conference Call
• Neutral Sentiment: Valuation and institutional flows are mixed: multiple analysts have raised price targets (median ~$145) and large funds show both adds and big reductions — this creates potential upside if sentiment normalizes but also means positioning is uneven. Institutional moves & price targets (Quiver)
• Negative Sentiment: Insider selling and large institutional reductions (e.g., UBS significantly trimmed holdings) are flagged in recent flow data — this can weigh on sentiment and suggests some investors are taking profits after the big multi‑year run. Insider & institutional activity (Quiver)
• Negative Sentiment: Commodity sensitivity: analysts caution that downside in gold or weaker-than-expected 2026 execution/grades could quickly reverse gains; some commentary urges tempering expectations for 2026 after a strong 2025. Newmont: Ground Your Expectations For 2026

Wall Street Analysts Forecast Growth

NEM has been the subject of a number of recent research reports. Macquarie Infrastructure lifted their target price on Newmont from $126.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. National Bank Financial increased their price target on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. TD Cowen lifted their price objective on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce cut their price objective on shares of Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Finally, TD Securities reduced their target price on shares of Newmont from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Newmont has an average rating of “Buy” and a consensus price target of $133.78.

Newmont Price Performance

Newmont stock opened at $113.65 on Thursday. The stock has a market cap of $122.73 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont Corporation has a 1 year low of $42.93 and a 1 year high of $134.88. The firm has a 50-day moving average of $116.48 and a two-hundred day moving average of $101.02.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. On average, research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. This is an increase from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 3rd. Newmont’s payout ratio is currently 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.