Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Newmont Corporation $NEM

Key Points

• Mitsubishi UFJ Asset Management increased its Newmont stake by 4.4%, adding 98,030 shares to hold 2,305,266 shares valued at about $233.3 million.
• Newmont delivered a blowout Q1 — EPS $2.90 vs. $2.07 expected and revenue $7.31B vs. $6.83B — spurring analyst upgrades, a stock rally and a consensus target near $142.51.
• The company declared a quarterly dividend of $0.26 (annualized $1.04, 0.9% yield), while insiders sold shares under pre-arranged Rule 10b5‑1 plans largely to cover tax withholding on vested awards.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Newmont Corporation (NYSE:NEM - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,305,266 shares of the basic materials company's stock after acquiring an additional 98,030 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Newmont worth $233,339,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Newmont by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company's stock worth $13,390,613,000 after purchasing an additional 637,996 shares in the last quarter. Legal & General Group Plc increased its position in shares of Newmont by 9.6% in the third quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company's stock worth $687,223,000 after acquiring an additional 711,940 shares in the last quarter. Boston Partners raised its stake in shares of Newmont by 49.3% in the 3rd 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. Robeco Institutional Asset Management B.V. raised its stake in shares of Newmont by 16.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,996,775 shares of the basic materials company's stock valued at $498,928,000 after acquiring an additional 692,560 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Newmont by 33.8% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Trading Up 5.5%

NEM opened at $114.97 on Thursday. Newmont Corporation has a 12-month low of $48.27 and a 12-month high of $134.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The stock has a market capitalization of $122.74 billion, a PE ratio of 14.91, a P/E/G ratio of 1.55 and a beta of 0.43. The firm's fifty day moving average price is $113.12 and its 200 day moving average price is $105.80.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company's revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. As a group, research analysts expect that Newmont Corporation will post 9.5 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont's payout ratio is currently 13.49%.

Insider Transactions at Newmont

In other news, EVP Peter Wexler sold 13,378 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the transaction, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. This trade represents a 16.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David John Thornton sold 2,296 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the sale, the insider owned 23,163 shares of the company's stock, valued at $2,550,477.93. This trade represents a 9.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 43,068 shares of company stock valued at $4,769,475 in the last three months. Corporate insiders own 0.06% of the company's stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s blowout Q1 results and revenue/EPS beats have reinforced earnings momentum and underpinned upgrades and higher price targets from several firms (BMO, Citigroup, Scotiabank among others), which supports upside sentiment for the stock. Read More.
• Positive Sentiment: Scotiabank raised its FY2026/2027 EPS forecasts and maintains a Sector Outperform view with a $151 target, signaling improving analyst fundamentals that can lift investor expectations. Read More.
• Positive Sentiment: Newmont-funded exploration: Newmont fully funded Headwater Gold’s 2025–26 Lodestar drill program under an earn‑in and the program identified a new “Meridian Zone” — positive for Newmont’s Nevada exploration pipeline and optionality. Read More.
• Positive Sentiment: Investor interest from thematic/precious‑metals screens: Newmont is being highlighted in recent “best silver mining” and long‑term growth lists after its strong quarter, which can attract new flows from sector ETFs and retail buyers. Read More.
• Neutral Sentiment: Insider share sales (executive filings including Rule 10b5‑1 plans) were reported; filings show sales were largely to cover tax withholding on vested awards and executed under pre‑arranged plans, which appears administrative rather than an outright negative signal. Read More.
• Neutral Sentiment: Newmont pays a modest quarterly dividend (recently announced), which supports income investors but is not the primary driver of large directional moves. Read More.
• Negative Sentiment: Earlier in May the market reacted negatively after Newmont authorized up to US$6 billion in buybacks despite the Q1 beat; that announcement triggered intra‑day selling in some accounts—an example of how capital allocation timing/scale can prompt short‑term profit‑taking. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEM. Canaccord Genuity Group upped their price target on shares of Newmont from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. DZ Bank upgraded Newmont to a "strong-buy" rating in a research note on Monday, January 19th. Argus upped their target price on Newmont from $94.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. BMO Capital Markets increased their target price on Newmont from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Finally, Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Newmont has an average rating of "Moderate Buy" and a consensus target price of $142.51.

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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