SPX Gestao de Recursos Ltda Sells 50,000 Shares of Newmont Corporation $NEM

Key Points

• SPX Gestao de Recursos Ltda cut its Newmont stake by 66.7%, selling 50,000 shares in the quarter and now holds 25,000 shares valued at about $2.11 million.
• Newmont beat expectations, reporting $2.52 EPS versus $1.81 expected and $6.82 billion in revenue (up 20.6% YoY), and raised its quarterly dividend to $0.26 ($1.04 annualized).
• Wall Street sentiment is broadly positive with an average rating of "Buy" and a consensus target around $133.68, while several analysts have raised price targets (some up to $157).

SPX Gestao de Recursos Ltda decreased its position in shares of Newmont Corporation (NYSE:NEM - Free Report) by 66.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the basic materials company's stock after selling 50,000 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Newmont were worth $2,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEM. Physician Wealth Advisors Inc. boosted its holdings in Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 236 shares during the last quarter. Capital A Wealth Management LLC lifted its position in Newmont by 1,648.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 478 shares during the period. Caldwell Trust Co acquired a new position in Newmont during the 2nd quarter valued at about $31,000. Country Trust Bank acquired a new stake in shares of Newmont during the 2nd quarter worth approximately $32,000. Finally, CoreFirst Bank & Trust acquired a new position in Newmont in the second quarter valued at approximately $32,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEM has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of Newmont from $120.00 to $125.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. Canaccord Genuity Group lifted their price objective on Newmont from $115.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce dropped their price objective on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. Sanford C. Bernstein raised Newmont from a "market perform" rating to an "outperform" rating and increased their target price for the company from $121.00 to $157.00 in a research note on Friday, February 27th. Finally, Argus boosted their target price on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $133.68.

Newmont Price Performance

NEM opened at $116.37 on Friday. The stock has a market cap of $126.60 billion, a P/E ratio of 18.21, a P/E/G ratio of 0.97 and a beta of 0.39. Newmont Corporation has a 12 month low of $42.03 and a 12 month high of $134.88. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $117.25 and a 200 day simple moving average of $96.74.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results 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 return on equity of 23.28% and a net margin of 31.25%.The firm had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The company's revenue was up 20.6% on a year-over-year basis. On average, research analysts expect that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. This is a boost from Newmont's previous quarterly dividend of $0.25. Newmont's payout ratio is presently 16.28%.

Key Newmont News

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 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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