Swedbank AB Decreases Holdings in Newmont Corporation $NEM

Key Points

• Swedbank AB trimmed its stake in Newmont by 3.5%, selling 25,288 shares to hold 707,549 shares valued at about $70.65 million at quarter end.
• Newmont beat Q1 estimates, reporting $2.90 EPS vs. $2.07 expected and $7.31B revenue vs. $6.83B, which spurred analyst upgrades and a consensus "Moderate Buy" with an average target of $142.51.
• The company declared a $0.26 quarterly dividend (annualized $1.04, ~0.9% yield) and insiders executed share sales under pre‑arranged Rule 10b5‑1 plans to cover tax obligations, while a $6B buyback authorization prompted some short‑term profit‑taking.

Swedbank AB reduced its stake in shares of Newmont Corporation (NYSE:NEM - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 707,549 shares of the basic materials company's stock after selling 25,288 shares during the period. Swedbank AB owned about 0.06% of Newmont worth $70,649,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Apella Capital LLC lifted its stake in Newmont by 4.1% in the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company's stock valued at $219,000 after purchasing an additional 86 shares during the last quarter. New Wave Wealth Advisors LLC increased its position in Newmont by 1.3% in the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company's stock worth $684,000 after buying an additional 88 shares during the last quarter. Novem Group increased its position in Newmont by 3.7% in the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company's stock worth $248,000 after buying an additional 88 shares during the last quarter. Norden Group LLC raised its stake in shares of Newmont by 0.7% in the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company's stock valued at $1,235,000 after buying an additional 90 shares during the period. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Newmont by 1.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 9,240 shares of the basic materials company's stock valued at $923,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Price Performance

Shares of NYSE NEM opened at $114.97 on Thursday. 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 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 stock has a fifty day moving average of $113.12 and a 200-day moving average of $105.80.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (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 business had revenue of $7.31 billion for the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. The firm's quarterly revenue was up 45.8% on a year-over-year basis. Equities research analysts anticipate that Newmont Corporation will post 9.5 earnings per share for the current year.

Newmont Announces Dividend

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

Insider Activity

In other Newmont news, 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 value of $1,473,051.58. Following the sale, the executive vice president directly owned 67,865 shares in the company, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $330,330.00. Following the completion of the sale, the executive vice president owned 49,315 shares in the company, valued at $5,430,074.65. This represents a 5.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 43,068 shares of company stock valued at $4,769,475 over the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. TD increased their price target on Newmont from $116.00 to $129.00 and gave the stock a "hold" rating in a research note on Monday, April 27th. Macquarie Infrastructure boosted their price objective on Newmont from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Monday, April 27th. UBS Group dropped their price objective on shares of Newmont from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 27th. Citigroup lifted their target price on shares of Newmont from $118.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Finally, Raymond James Financial boosted their price target on shares of Newmont from $111.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, January 15th. One equities research 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.51.

More Newmont News

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 Company 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.

Want to see what other hedge funds are holding NEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newmont Corporation (NYSE:NEM - Free Report).

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.