Newmont Corporation $NEM Shares Purchased by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its Newmont stake by 22.7% in Q4 to 71,191 shares (≈$7.11M), while overall institutional ownership stands at about 68.85% with other large funds (Vanguard, Legal & General, Boston Partners) also increasing positions.
• Newmont delivered a Q1 beat with EPS $2.90 vs $2.07 expected and revenue $7.31B vs $6.83B, spurring analyst estimate upgrades, higher price targets and a "Moderate Buy" consensus.
• The company declared a quarterly dividend of $0.26 (annualized $1.04, ~1.0% yield), and several executives sold shares under pre‑arranged Rule 10b5‑1 plans to cover taxes, which appears administrative rather than a governance red flag.

M&T Bank Corp increased its holdings in shares of Newmont Corporation (NYSE:NEM - Free Report) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,191 shares of the basic materials company's stock after acquiring an additional 13,182 shares during the quarter. M&T Bank Corp's holdings in Newmont were worth $7,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEM. Vanguard Group Inc. raised its stake in Newmont by 0.5% during the fourth 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 during the period. Legal & General Group Plc raised its stake in Newmont by 9.6% during 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 purchasing an additional 711,940 shares during the period. Boston Partners raised its stake in Newmont by 49.3% during the third quarter. Boston Partners now owns 6,931,710 shares of the basic materials company's stock worth $585,828,000 after purchasing an additional 2,288,653 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Newmont by 16.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,996,775 shares of the basic materials company's stock worth $498,928,000 after purchasing an additional 692,560 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Newmont by 33.8% during the third quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company's stock worth $414,270,000 after purchasing an additional 1,244,845 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Price Performance

Newmont stock opened at $109.01 on Wednesday. The company's 50 day simple moving average is $113.30 and its 200-day simple moving average is $105.68. The company has a market capitalization of $116.38 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.43. Newmont Corporation has a 1 year low of $48.27 and a 1 year high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.83. The business had revenue of $7.31 billion for 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 business's revenue was up 45.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. As a group, equities research analysts expect that Newmont Corporation will post 9.5 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont's payout ratio is 13.49%.

Analyst Ratings Changes

A number of brokerages have commented on NEM. TD lifted their target price on shares of Newmont from $116.00 to $129.00 and gave the stock a "hold" rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce reduced their target price on shares of Newmont from $177.00 to $176.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets lifted their target price on shares of Newmont from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. TD Securities reaffirmed a "hold" rating and set a $129.00 target price on shares of Newmont in a research note on Monday, April 27th. Finally, The Goldman Sachs Group lifted their target price on shares of Newmont from $123.20 to $125.10 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $142.51.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Q1 2026 “blowout” results (big revenue and EPS beat) are underpinning earnings momentum and supporting valuation re-rates by analysts. These 3 Companies Reported Record Breaking Results
• Positive Sentiment: Analysts have raised estimates and price targets (examples: BMO to $145, Scotiabank raised FY2026/27 EPS and carries a $151 target, Citi previously raised target to $150) — this adds institutional support for the stock. MarketBeat NEM Coverage
• Positive Sentiment: Newmont is being highlighted in recent “best silver‑mining” and long‑term growth screens, which may attract thematic and precious‑metals flows after the strong quarter. Why Newmont (NEM) Is Among the 8 Best Silver Mining Stocks to Buy
• Neutral Sentiment: Several executives sold shares (Wexler, Thornton, Toth) under pre‑arranged Rule 10b5‑1 plans to cover taxes on vested awards — reduces insider percentages but appears administrative rather than a governance red flag. Insider Selling: Newmont (NEM) Insider Sells
• Neutral Sentiment: Company pays a modest quarterly dividend (annualized ~$1.04) — income element is supportive but not a major driver versus commodity and earnings moves. MarketBeat NEM Coverage
• Negative Sentiment: A prior market reaction to Newmont’s authorization of up to $6B in buybacks triggered sharp intraday selling (~10% decline in one account), illustrating short‑term sensitivity to buyback timing, gold/commodity moves and profit‑taking — that volatility still influences sentiment. Newmont (NEM) Is Down 10.0% After Authorizing US$6 Billion Buyback And Q1 Beat

Insider Activity at Newmont

In related news, EVP Peter Wexler sold 13,378 shares of Newmont 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 $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. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $330,330.00. Following the completion of the transaction, the executive vice president owned 49,315 shares of the company's stock, valued at $5,430,074.65. This trade represents a 5.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 43,068 shares of company stock valued at $4,769,475 over the last 90 days. Insiders own 0.06% 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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