Principal Financial Group Inc. Has $135.39 Million Stock Position in Newmont Corporation $NEM

Key Points

• Principal Financial Group raised its stake in Newmont by 3.8% to 1,355,934 shares, a position worth about $135.39 million (roughly 0.12% of the company).
• Newmont beat Q1 expectations with EPS of $2.90 vs. $2.07 expected and revenue of $7.31B vs. $6.83B, spurring multiple analyst upgrades and a consensus "Moderate Buy" with an average target of about $142.51.
• Insiders sold 43,068 shares (~$4.77M) in the past 90 days largely under Rule 10b5‑1 plans to cover tax withholding, and a newly authorized up to $6 billion buyback has prompted some short‑term selling.

Principal Financial Group Inc. raised its holdings in Newmont Corporation (NYSE:NEM - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,355,934 shares of the basic materials company's stock after buying an additional 49,430 shares during the period. Principal Financial Group Inc. owned 0.12% of Newmont worth $135,390,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position 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 grew its stake 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 valued at $687,223,000 after acquiring an additional 711,940 shares in the last quarter. Boston Partners increased its position 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 acquiring an additional 2,288,653 shares during the period. Robeco Institutional Asset Management B.V. increased its position 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 acquiring an additional 692,560 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Newmont by 33.8% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 68.85% of the company's stock.

Insiders Place Their Bets

In related news, insider David James Fry sold 18,394 shares of Newmont stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following 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 is available through this hyperlink. Also, EVP Peter Wexler sold 13,378 shares of the 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 $1,473,051.58. Following the completion of the transaction, the executive vice president directly owned 67,865 shares of the company's stock, valued at approximately $7,472,615.15. The trade was a 16.47% decrease in their position. 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 a total of 43,068 shares of company stock worth $4,769,475 in the last ninety days. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NEM. Bank of America increased their target price on shares of Newmont from $134.00 to $151.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. National Bank Financial raised their price objective on Newmont from $130.00 to $140.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Canaccord Genuity Group upped their target price on Newmont from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Newmont from a "hold" rating to a "buy" rating in a research report on Saturday, April 25th. Finally, Scotiabank dropped their price target on Newmont from $152.00 to $151.00 and set a "sector outperform" rating for the company in a research note on Friday, March 20th. One investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $142.51.

Newmont Stock Up 5.5%

Shares of NEM opened at $114.97 on Thursday. The firm has a 50 day simple moving average of $113.12 and a two-hundred day simple moving average of $105.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. Newmont Corporation has a one year low of $48.27 and a one year high of $134.88. The company has a market cap of $122.74 billion, a P/E ratio of 14.91, a P/E/G ratio of 1.55 and a beta of 0.43.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted $1.25 EPS. The company's revenue was up 45.8% compared to the same quarter last year. Research analysts forecast that Newmont Corporation will post 9.5 EPS for the current fiscal year.

Newmont Dividend Announcement

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

Key Headlines Impacting 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.

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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