Newmont Corporation $NEM Shares Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial boosted its stake in Newmont by 201.7% in Q3, buying 873,322 shares to hold 1,306,238 shares (about 0.12%) worth roughly $110.1 million, as institutional ownership sits near 68.85%.
• Several brokers — including Sanford C. Bernstein, BofA, RBC and Raymond James — raised ratings and price targets on Newmont, leaving the consensus as a "Buy" with an average target of about $134.15, indicating analyst optimism on gold/earnings momentum.
• Newmont reported a strong quarter (EPS $2.52 vs. $1.81 expected; revenue $6.82B vs. $6.18B) and increased its quarterly dividend to $0.26 (annualized $1.04, yield ~0.9%).

Mackenzie Financial Corp raised its holdings in shares of Newmont Corporation (NYSE:NEM - Free Report) by 201.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,306,238 shares of the basic materials company's stock after purchasing an additional 873,322 shares during the period. Mackenzie Financial Corp owned about 0.12% of Newmont worth $110,129,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC lifted its position in Newmont by 2.3% in the third quarter. Quadrant Capital Group LLC now owns 13,737 shares of the basic materials company's stock worth $1,158,000 after purchasing an additional 303 shares during the period. FourThought Financial Partners LLC purchased a new stake in shares of Newmont during the third quarter valued at $231,000. Legal & General Group Plc boosted its holdings 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 buying an additional 711,940 shares during the period. Pinkerton Wealth LLC purchased a new position in Newmont during the 3rd quarter worth approximately $3,528,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Newmont by 21.8% during the third quarter. Banque Cantonale Vaudoise now owns 104,384 shares of the basic materials company's stock valued at $8,801,000 after buying an additional 18,686 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Sanford C. Bernstein upgraded Newmont from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $121.00 to $157.00 in a report on Friday, February 27th. TD Cowen upped their price objective on shares of Newmont from $89.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their target price on Newmont from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Raymond James Financial raised their price target on shares of Newmont from $111.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, January 15th. Finally, Bank of America boosted their price objective on Newmont from $134.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Three investment 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $134.15.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Multiple banks have raised price targets and reiterated buy/overweight views on NEM, supporting medium-term upside as analysts price in stronger gold and earnings momentum. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Positive Sentiment: JPMorgan initiated coverage with an Overweight and projects meaningful production growth through 2029, which underpins longer-term free cash flow and valuation upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: BofA and other brokers have lifted price targets (example: BofA to $151), reflecting recent beats, higher realized gold, and improved earnings outlooks — a bullish counterweight to short-term volatility. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Neutral Sentiment: Zacks lists NEM among top-ranked stocks likely to beat upcoming earnings, which is supportive but depends on execution vs. the company's 2026 guidance. Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks
• Negative Sentiment: Gold prices eased ahead of the U.S. CPI print, which directly hit Newmont given miners’ leverage to bullion; that macro-driven drop is the primary reason shares fell today. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
• Negative Sentiment: Today's inflation report also spooked gold investors, adding to the pullback in NEM despite the company’s valuation being viewed as attractive by some analysts. Why Newmont Corporation Stock Dropped Again Today
• Negative Sentiment: Short interest rose significantly in February (~19.7% increase), signaling higher hedge-driven pressure and potential for amplified moves on negative catalysts. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
• Negative Sentiment: Zacks noted NEM dipped more than the broader market today, reflecting the combination of commodity sensitivity and near-term macro risk. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Newmont Stock Down 2.2%

Shares of NYSE NEM opened at $116.23 on Thursday. Newmont Corporation has a 1 year low of $42.90 and a 1 year high of $134.88. The firm's 50-day moving average is $118.27 and its 200-day moving average is $97.94. 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 market capitalization of $126.44 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings data 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. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The firm had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.18 billion. During the same period last year, the firm earned $1.40 earnings per share. The business's revenue for the quarter was up 20.6% on a year-over-year basis. Equities analysts expect 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 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 payout ratio 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.

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