Dynamic Technology Lab Private Ltd Buys Shares of 7,486 Newmont Corporation $NEM

Dynamic Technology Lab Private Ltd purchased a new position in shares of Newmont Corporation (NYSE:NEM) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,486 shares of the basic materials company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in Newmont in the second quarter worth $919,170,000. Invesco Ltd. raised its holdings in Newmont by 45.0% during the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after buying an additional 4,839,447 shares in the last quarter. Legal & General Group Plc raised its holdings in Newmont by 6.3% during the second quarter. Legal & General Group Plc now owns 7,444,729 shares of the basic materials company’s stock valued at $433,236,000 after buying an additional 438,748 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Newmont by 33.8% in the third quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock worth $414,270,000 after buying an additional 1,244,845 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Newmont by 4,090.7% during the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock worth $272,558,000 after acquiring an additional 4,532,263 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a A$226 price target, forecasting strong production growth (roughly 5.3M oz in FY2026 and ~6M oz later), which supports longer-term cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: Citi raised its price target to $150 (from $118) and reiterated a Buy, signaling rising analyst confidence after recent beats and stronger gold prices. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: BofA also increased its price target (to $151) and reiterated a Buy; several outlets note multiple top analysts lifting targets, which has driven recent buying momentum. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Coverage roundup and price-target increases have prompted commentary that Newmont’s valuation and recent earnings strength make it a leading S&P 500 performer over the past two years. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Neutral Sentiment: Zacks and other research outlets continue to highlight Newmont as a top long-term growth/minerals stock based on style scores and bullish earnings estimates, which supports investor interest but is not new fundamental news. Why Newmont Corporation (NEM) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Zacks Research/coverage notes bullish Q1 estimates, reinforcing the earnings narrative but offering limited immediate directional impact relative to fresh analyst upgrades. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Negative Sentiment: Short interest rose ~19.7% in February to ~22.4M shares (~2.1% of shares sold short), raising downside pressure and suggesting a small but growing group betting against the stock (short ratio ~2.4 days).
• Negative Sentiment: MarketBeat/Fool coverage flagged two macroeconomic factors driving a recent intraday sell-off — reminders that sentiment and macro moves (rates, dollar, risk appetite) can quickly offset fundamental gains. Why Newmont Corporation Stock Dropped Today

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Newmont from $134.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Argus boosted their target price on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Sanford C. Bernstein raised Newmont from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Canaccord Genuity Group increased their price target on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Newmont from $71.00 to $67.00 in a research note on Friday, February 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $134.15.

Newmont Trading Up 1.6%

Newmont stock opened at $118.83 on Wednesday. Newmont Corporation has a 52 week low of $42.66 and a 52 week high of $134.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The firm has a market capitalization of $129.27 billion, a PE ratio of 18.60, a PEG ratio of 0.91 and a beta of 0.39. The business’s 50-day simple moving average is $117.94 and its 200-day simple moving average is $97.81.

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. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 EPS. Equities research analysts forecast that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

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