Game Creek Capital LP Has $3.72 Million Position in Newmont Corporation $NEM

Key Points

• Game Creek Capital cut its Newmont stake by 37.6% in Q3, selling 26,625 shares and now holding 44,125 shares valued at about $3.72 million (its 20th largest position).
• Newmont reported a record $7.3 billion of free cash flow for 2025 and beat quarterly estimates (EPS $2.52 vs. $1.81), supporting buyback/dividend capacity and a consensus analyst rating of "Buy" with an average target near $134.
• Several institutional investors (notably Robeco and AustralianSuper) significantly increased positions, and institutions now own about 68.85% of Newmont, signaling strong institutional interest.

Game Creek Capital LP cut its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 37.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,125 shares of the basic materials company's stock after selling 26,625 shares during the period. Newmont comprises approximately 1.3% of Game Creek Capital LP's holdings, making the stock its 20th largest position. Game Creek Capital LP's holdings in Newmont were worth $3,720,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Estate Counselors LLC acquired a new position in Newmont in the third quarter worth approximately $4,182,000. AustralianSuper Pty Ltd lifted its stake in Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company's stock valued at $27,843,000 after acquiring an additional 183,360 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in Newmont by 286.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company's stock worth $5,101,000 after acquiring an additional 44,846 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Newmont by 172.2% in 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 in the last quarter. Finally, Live Oak Investment Partners acquired a new position in shares of Newmont during the 3rd quarter worth $2,232,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Key Newmont News

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. TD Securities cut their price target on shares of Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. The Goldman Sachs Group upped their price objective on shares of Newmont from $99.90 to $123.90 and gave the stock a "buy" rating in a report on Monday, January 12th. Jefferies Financial Group raised their target price on Newmont from $158.00 to $162.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Stifel Nicolaus boosted their price target on Newmont from $120.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, Bank of America upped their price target on Newmont from $134.00 to $151.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Three investment 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, the company presently has an average rating of "Buy" and a consensus price target of $134.15.

Newmont Price Performance

Shares of Newmont stock opened at $109.54 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. The firm has a fifty day simple moving average of $118.73 and a 200-day simple moving average of $98.32. The stock has a market capitalization of $119.16 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.89 and a beta of 0.39. Newmont Corporation has a 1-year low of $42.93 and a 1-year high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.71. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. Newmont had a net margin of 31.25% and a return on equity of 23.28%. Newmont's revenue was up 20.6% compared to the same quarter last year. During the same period last year, the business posted $1.40 EPS. On average, sell-side analysts expect that Newmont Corporation will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The firm also recently declared 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 an increase 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 16.28%.

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.

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