Korea Investment CORP Sells 166,990 Shares of Newmont Corporation $NEM

Key Points

• Korea Investment CORP sold 166,990 shares, trimming its Newmont stake by 17.4% to 793,943 shares (about 0.07% of the company) valued at roughly $66.94 million at quarter-end.
• Wall Street sentiment is broadly bullish with a consensus "Buy" and an average price target of $134.15, as several firms raised targets (e.g., Canaccord to $140, Stifel to $175, Goldman to $123.90) and Zacks upgraded to a Strong Buy.
• Newmont reported stronger-than-expected quarterly results (EPS $2.52 vs. $1.81 est., revenue $6.82B vs. $6.18B) and raised its quarterly dividend to $0.26 per share.

Korea Investment CORP cut its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 793,943 shares of the basic materials company's stock after selling 166,990 shares during the quarter. Korea Investment CORP owned about 0.07% of Newmont worth $66,937,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP increased its position in Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company's stock worth $4,644,000 after buying an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Newmont during the second quarter worth $240,000. Atria Investments Inc bought a new position in Newmont during the second quarter valued at about $534,000. Finally, Atlantic Union Bankshares Corp bought a new position in Newmont during the second quarter valued at about $47,000. 68.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group upped their price target on Newmont from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Zacks Research raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Canadian Imperial Bank of Commerce reduced their target price on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Stifel Nicolaus upped their target price on Newmont from $120.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group increased their price target on Newmont from $99.90 to $123.90 and gave the company a "buy" rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $134.15.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here's What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont NYSE: NEM Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont NYSE: NEM Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont NYSE: NEM Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Newmont Trading Up 0.2%

Shares of NEM stock opened at $116.37 on Monday. The firm has a market capitalization of $126.60 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. Newmont Corporation has a 1 year low of $42.03 and a 1 year high of $134.88. The firm's fifty day simple moving average is $117.25 and its 200 day simple moving average is $97.14. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 31.25% and a return on equity of 23.28%. The business's revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. As a group, sell-side analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business 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 dividend of $0.26 per share. This is an increase from Newmont's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis 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%.

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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