Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in Newmont Corporation $NEM

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Newmont by 8.8% to 173,721 shares, valued at about $17.35 million at the end of the quarter.
• Blowout Q1 results: Newmont reported $2.90 EPS (vs. $2.07 expected) and $7.31 billion in revenue (up 45.8% YoY), sparking multiple analyst target upgrades and a consensus "Moderate Buy" with an average price target of $142.51.
• The company announced a quarterly dividend of $0.26 (annualized $1.04, 0.9% yield) and authorized up to $6 billion in buybacks that prompted some short-term selling, while insiders sold shares under Rule 10b5‑1 plans largely to cover tax obligations.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Newmont Corporation (NYSE:NEM - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,721 shares of the basic materials company's stock after purchasing an additional 14,019 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Newmont were worth $17,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GoalVest Advisory LLC purchased a new position in shares of Newmont during the fourth quarter valued at approximately $25,000. Physician Wealth Advisors Inc. lifted its stake in Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock worth $26,000 after acquiring an additional 236 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 206 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Newmont in the third quarter valued at $27,000. Finally, Lodestone Wealth Management LLC bought a new position in Newmont in the 4th quarter worth $28,000. Institutional investors own 68.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Newmont from $123.20 to $125.10 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Argus increased their price target on shares of Newmont from $94.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Scotiabank lowered their price objective on shares of Newmont from $152.00 to $151.00 and set a "sector outperform" rating for the company in a report on Friday, March 20th. Macquarie Infrastructure lifted their price objective on Newmont from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Monday, April 27th. Finally, National Bank Financial upped their target price on Newmont from $130.00 to $140.00 and gave the stock a "sector perform" rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $142.51.

Newmont Price Performance

Shares of NEM opened at $114.97 on Thursday. The firm's 50-day simple moving average is $113.12 and its two-hundred day simple moving average is $105.80. Newmont Corporation has a fifty-two week low of $48.27 and a fifty-two week high of $134.88. The stock has a market cap of $122.74 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.55 and a beta of 0.43. 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 issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping 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 analysts' expectations of $6.83 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business's revenue for the quarter was up 45.8% compared to the same quarter last year. Analysts anticipate that Newmont Corporation will post 9.5 earnings per share for the current fiscal 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 given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, May 27th. Newmont's payout ratio is currently 13.49%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $330,330.00. Following the sale, the executive vice president directly owned 49,315 shares of the company's stock, valued at approximately $5,430,074.65. This represents a 5.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the completion of the transaction, the insider directly 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. In the last quarter, insiders have sold 43,068 shares of company stock worth $4,769,475. 0.06% of the stock is currently owned by company insiders.

Newmont News Roundup

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.