New York State Teachers Retirement System Decreases Stake in Newmont Corporation $NEM

11 Jan 2026, 09:44 by Scott Moore · The Cerbat Gem

New York State Teachers Retirement System lessened its stake in shares of Newmont Corporation (NYSE:NEM – Free Report) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,038,415 shares of the basic materials company’s stock after selling 13,654 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Newmont worth $87,549,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Newmont by 15.7% in the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after acquiring an additional 1,847 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock worth $4,644,000 after purchasing an additional 27,813 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Newmont in the first quarter worth about $244,000. Intech Investment Management LLC increased its holdings in Newmont by 7.6% during the 1st quarter. Intech Investment Management LLC now owns 49,989 shares of the basic materials company’s stock valued at $2,413,000 after purchasing an additional 3,512 shares during the period. Finally, Acadian Asset Management LLC raised its position in Newmont by 177.3% during the 1st quarter. Acadian Asset Management LLC now owns 55,742 shares of the basic materials company’s stock valued at $2,690,000 after purchasing an additional 35,643 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEM has been the topic of a number of recent analyst reports. BNP Paribas Exane lowered Newmont from an “outperform” rating to a “neutral” rating and set a $97.00 price objective on the stock. in a research report on Friday, December 5th. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Scotiabank raised shares of Newmont from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $71.50 to $114.00 in a research report on Thursday, October 23rd. Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, The Goldman Sachs Group set a $104.30 target price on shares of Newmont and gave the company a “buy” rating in a research note on Sunday, October 12th. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $97.08.

Get Our Latest Stock Report on NEM

Insider Activity at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,160 shares of company stock worth $767,206. Insiders own 0.05% of the company’s stock.

Newmont Stock Up 2.0%

Shares of Newmont stock opened at $108.99 on Friday. Newmont Corporation has a 1 year low of $38.53 and a 1 year high of $109.30. The firm has a market cap of $118.94 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.80 and a beta of 0.41. The company has a 50-day moving average of $94.34 and a 200 day moving average of $80.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74.

Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Wednesday, November 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Newmont’s payout ratio is currently 15.53%.

About Newmont

(Free Report)

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.