Te Ahumairangi Investment Management Ltd Reduces Holdings in Newmont Corporation $NEM

Key Points

• Te Ahumairangi Investment Management Ltd cut its stake in Newmont by 13.9% in Q3, selling 13,200 shares to finish with 81,462 shares valued at $6.868 million (about 1.2% of its portfolio and its 25th largest holding).
• Newmont beat quarter estimates (EPS $2.52 vs. $1.81; revenue $6.82B vs. $6.18B), reported record free cash flow and raised its quarterly dividend to $0.26, while analysts maintain a consensus Buy rating with an average price target of $134.15.

Te Ahumairangi Investment Management Ltd cut its holdings in shares of Newmont Corporation (NYSE:NEM - Free Report) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,462 shares of the basic materials company's stock after selling 13,200 shares during the period. Newmont comprises about 1.2% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 25th biggest holding. Te Ahumairangi Investment Management Ltd's holdings in Newmont were worth $6,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP raised its position in shares of Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company's stock valued at $4,644,000 after purchasing an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Newmont during the 2nd quarter valued at approximately $240,000. Allworth Financial LP grew its position in shares of Newmont by 100.3% during the second quarter. Allworth Financial LP now owns 12,090 shares of the basic materials company's stock worth $704,000 after buying an additional 6,053 shares in the last quarter. Finally, Nwam LLC grew its position in shares of Newmont by 8.9% during the second quarter. Nwam LLC now owns 6,501 shares of the basic materials company's stock worth $405,000 after buying an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Stock Performance

Shares of NYSE:NEM traded down $3.87 during trading on Friday, reaching $110.61. 2,793,155 shares of the company's stock traded hands, compared to its average volume of 9,807,463. The stock has a market capitalization of $120.33 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.39. Newmont Corporation has a 12 month low of $42.93 and a 12 month high of $134.88. The company has a 50 day moving average of $118.56 and a 200-day moving average of $98.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont's quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. On average, equities analysts expect that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be issued a $0.26 dividend. This is a positive change from Newmont's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont's dividend payout ratio (DPR) is 16.28%.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Record cash generation supports fundamentals — Newmont reported record free cash flow ($7.3B in 2025) and guidance that management expects continued strength as high gold prices bolster cash generation, which underpins dividends and buybacks. Can Newmont Continue Its Strong Free Cash Flow Momentum?
• Positive Sentiment: Geopolitical safe‑haven demand is a tailwind — Rising Iran tensions have pushed investor interest toward gold and major gold miners (NEM highlighted alongside peers), which can lift revenues and valuation multiples if bullion remains bid. 3 Gold Stocks to Watch as the Iran Conflict Drives Safe-Haven Demand
• Positive Sentiment: Wall Street backing — Recent analyst coverage is favorable (consensus “Buy” noted by some services and multiple firms with higher price targets), supporting longer‑term investor confidence. Newmont Corporation NYSE: NEM Receives Consensus Recommendation of "Buy" from Analysts
• Neutral Sentiment: Royalty deal at Saddle North — Summit Royalties clinched a net‑smelter‑return (NSR) royalty on Newmont’s Saddle North project. That sale can alter project economics (reducing Newmont’s future upside on that asset while potentially freeing capital / de‑risking development). Impact depends on how proceeds are redeployed. Summit Royalties clinches NSR deal on Newmont’s Saddle North Newmont Royalty Deal At Saddle North Highlights Evolving Project Economics
• Negative Sentiment: Near‑term commodity pullback — Gold prices eased ahead of key U.S. inflation data (CPI), and day‑to‑day declines in bullion hit Newmont’s share price because miner earnings and cash flow are highly leveraged to the gold price. This is the primary driver of today’s weakness. Newmont (NEM) slides as gold prices ease ahead of key U.S. inflation data
• Negative Sentiment: Investor focus on execution and capital returns — After releasing its 2026 outlook and updated capital‑allocation framework, investors are watching execution (production/cost targets) and near‑term returns; any perceived execution risk or macro shock can amplify share declines. Inflation data also briefly spooked gold‑focused flows. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today Why Newmont Corporation Stock Dropped Again Today

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NEM shares. Zacks Research raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 5th. Scotiabank lifted their price target on Newmont from $114.00 to $152.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Citigroup boosted their price objective on Newmont from $118.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. TD Securities reduced their target price on Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. Finally, Macquarie Infrastructure boosted their price target on Newmont from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Three 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $134.15.

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.

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