Groupama Asset Managment Has $5.58 Million Holdings in Newmont Corporation $NEM

Key Points

• Groupama trimmed its stake in Newmont by 30.4% in Q3, selling 28,830 shares and finishing with 66,158 shares valued at about $5.578 million.
• Heavy institutional activity continues — Norges Bank opened a roughly $919 million stake and Invesco raised its position to about 15.6 million shares (~$908 million), with institutions owning 68.85% of the stock.
• Strong recent results and shareholder returns: Newmont beat quarterly EPS estimates ($2.52 vs. $1.81), reported revenue of $6.82 billion, raised its quarterly dividend to $0.26, and holds an analyst consensus rating of "Buy" (average price target $134.15).

Groupama Asset Managment trimmed its position in Newmont Corporation (NYSE:NEM - Free Report) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,158 shares of the basic materials company's stock after selling 28,830 shares during the quarter. Groupama Asset Managment's holdings in Newmont were worth $5,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Newmont in the 2nd quarter valued at $919,170,000. Invesco Ltd. boosted its position in shares of Newmont by 45.0% during 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 in the last quarter. Legal & General Group Plc boosted its position in shares of Newmont by 9.6% during the 3rd quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company's stock valued at $687,223,000 after acquiring an additional 711,940 shares in the last quarter. Boston Partners increased its stake in Newmont by 49.3% in the third quarter. Boston Partners now owns 6,931,710 shares of the basic materials company's stock valued at $585,828,000 after acquiring an additional 2,288,653 shares during the period. Finally, Victory Capital Management Inc. increased its stake in 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 valued at $414,270,000 after acquiring an additional 1,244,845 shares during the period. 68.85% of the stock is owned by institutional investors.

Newmont Stock Performance

NEM stock opened at $98.93 on Friday. The company has a 50 day moving average price of $118.70 and a 200 day moving average price of $99.25. Newmont Corporation has a fifty-two week low of $42.93 and a fifty-two week high of $134.88. 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 stock has a market capitalization of $107.63 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.39.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. 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. Investors of record on Tuesday, March 3rd will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Newmont's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont's dividend payout ratio is 16.28%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Newmont from $120.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Canaccord Genuity Group upped their price objective on Newmont from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Newmont in a report on Monday, December 29th. Canadian Imperial Bank of Commerce cut their target price on Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Finally, UBS Group lowered their price target on Newmont from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. 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, the company currently has an average rating of "Buy" and an average price target of $134.15.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst support and price targets remain constructive — several firms maintain buy/outperform ratings and elevated price targets that suggest upside if bullion stabilizes. Read More.
• Positive Sentiment: Long-term value narrative persists — recent write-ups (Zacks, MSN) highlight Newmont’s cash flow profile, dividend and scale as attractive for long-term investors despite current volatility. Read More. Read More.
• Neutral Sentiment: Planned executive 10b5‑1 sale disclosed — routine, pre‑arranged plan announced for a small scheduled sale, typically neutral for fundamentals but noted by traders. Read More.
• Neutral Sentiment: Market reports are emphasizing the stock’s larger-than-market drop and high intraday volume as context — coverage consolidates the same drivers for traders. Read More.
• Negative Sentiment: Rising fuel and input costs plus softer bullion are putting pressure on margins — Benzinga reports fuel-cost headwinds while gold weakness reduces per‑ounce profitability. Read More.
• Negative Sentiment: Macro backdrop: Fed signaling fewer cuts and dollar strength have softened gold, amplifying downside for gold miners on risk-off days. Coverage links the Fed outlook to the stock’s move. Read More.
• Negative Sentiment: Company guidance and 2026 outlook increase sensitivity — investors are revisiting guidance that implies lower attributable gold volumes and higher all‑in sustaining costs for 2026, which magnifies downside when gold weakens. Read More.
• Negative Sentiment: Insider selling: a recent open‑market sale by a senior insider (~18,394 shares) is being flagged by the market and can worsen sentiment during a selloff. Read More.

Insiders Place Their Bets

In other Newmont news, insider David James Fry sold 18,394 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the sale, the insider directly owned 17,147 shares of the company's stock, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company's stock.

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.

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