Allspring Global Investments Holdings LLC Acquires 187,746 Shares of Newmont Corporation $NEM

17 Jul 2026, 04:33 by Jessica Moore · The Cerbat Gem

Allspring Global Investments Holdings LLC lifted its holdings in Newmont Corporation (NYSE:NEM – Free Report) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,184,872 shares of the basic materials company’s stock after purchasing an additional 187,746 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Newmont were worth $134,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NEM. Cedar Mountain Advisors LLC bought a new stake in Newmont in the 1st quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new position in Newmont during the 1st quarter valued at about $25,000. GoalVest Advisory LLC bought a new position in Newmont during the 4th quarter valued at about $25,000. Swiss RE Ltd. purchased a new stake in shares of Newmont during the 4th quarter valued at about $26,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Newmont by 312.1% during the 4th 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 during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

Negative Sentiment: Zacks Research downgraded Newmont from “strong-buy” to “hold,” adding to near-term pressure on the stock. Newmont was downgraded by Zacks Research from “strong-buy” to “hold”.
Negative Sentiment: Investors are also worried about the upcoming quarterly report, as coverage notes Newmont may not have the setup for an earnings beat even though EPS is expected to grow. Newmont Corporation (NEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Neutral Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, and management said inspections found no injuries or damage. That removes an operational overhang, but the company still faces higher costs and softer gold prices. Newmont (NEM) Resumes Cadia Operations As It Pushes Ahead With Key Growth Projects
Positive Sentiment: Several analysts remain constructive, with reports pointing to improved operational efficiency, growing free cash flow, and share buybacks as Newmont works through Newcrest integration. Did Analyst Upgrades and Buybacks Just Shift Newmont’s (NEM) Operational Efficiency Investment Narrative?
Positive Sentiment: Some analysts also argued Newmont looks undervalued, citing permits that could unlock major copper-gold resources and support a production rebound. Newmont: The Permits That Set The Stage For A Re-Rating

Analysts Set New Price Targets

Several research firms have recently weighed in on NEM. Canadian Imperial Bank of Commerce set a $175.00 price objective on shares of Newmont and gave the company an “outperform” rating in a report on Monday, June 1st. Wall Street Zen cut shares of Newmont from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. The Goldman Sachs Group cut their target price on shares of Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Argus boosted their target price on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, TD raised Newmont from a “hold” rating to a “buy” rating and lowered their price target for the company from $129.00 to $127.00 in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.26.

Read Our Latest Analysis on Newmont

Insider Buying and Selling

In related news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $252,812.56. Following the transaction, the insider directly owned 23,163 shares in the company, valued at approximately $2,550,477.93. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Wexler sold 13,378 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 28,556 shares of company stock valued at $3,058,146 in the last 90 days. 0.06% of the stock is owned by company insiders.

Newmont Stock Performance

Shares of NYSE NEM opened at $90.83 on Friday. Newmont Corporation has a 12-month low of $56.73 and a 12-month high of $134.88. The firm has a market capitalization of $96.96 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.08 and a beta of 0.46. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $102.85 and a 200 day moving average of $110.35.

Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. On average, research analysts anticipate that Newmont Corporation will post 9.32 earnings per share for the current year.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is currently 13.49%.

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.

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