Public Employees Retirement System of Ohio Raises Position in Newmont Corporation $NEM

Public Employees Retirement System of Ohio grew its holdings in shares of Newmont Corporation (NYSE:NEM) by 2.0% in the first quarter, HoldingsChannel reports. The fund owned 456,661 shares of the basic materials company’s stock after purchasing an additional 8,970 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Newmont were worth $49,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Apella Capital LLC increased its holdings in Newmont by 4.1% in the 4th quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock worth $219,000 after acquiring an additional 86 shares in the last quarter. New Wave Wealth Advisors LLC lifted its holdings in Newmont by 1.3% during the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 88 shares in the last quarter. Novem Group boosted its position in shares of 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 purchasing an additional 88 shares during the period. Norden Group LLC boosted its position 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 worth $1,235,000 after purchasing an additional 90 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Newmont by 1.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont posted Q2 earnings of $2.10 per share, topping estimates, and said it generated record second-quarter free cash flow of $2.2 billion. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
• Positive Sentiment: The company produced about 1.3 million attributable gold ounces and reaffirmed full-year production guidance, signaling stable operating performance despite weaker gold prices. Newmont Reports Higher Profit Despite Lower Gold Prices
• Positive Sentiment: Management also declared a quarterly dividend of $0.261 per share, which may support investor sentiment. Newmont Reports Robust Second Quarter 2026 Results; Remains on Track to Achieve Full Year Guidance
• Neutral Sentiment: Several reports highlighted that Newmont is benefiting from still-favorable gold pricing overall, though the metal has recently corrected and remains a key driver of near-term sentiment. Newmont tops profit estimates on higher gold prices, sees steady output
• Negative Sentiment: Gold prices fell sharply during the quarter, which could weigh on future revenue and explains some of the stock’s recent volatility. Newmont shrugs off 13% gold-price correction with record second-quarter free cash flow, tops earnings estimates

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the sale, the executive vice president directly owned 43,315 shares of the company’s stock, valued at approximately $4,001,439.70. The trade was a 6.48% decrease in their ownership of the stock. 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, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the sale, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. This represents a 2.64% 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. Over the last ninety days, insiders sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Scotiabank cut their price target on Newmont from $151.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. National Bank Financial decreased their price target on Newmont from $140.00 to $125.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce set a $175.00 price objective on Newmont and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Macquarie Infrastructure dropped their price objective on Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, June 15th. Two 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 stock. Based on data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average target price of $136.26.

Newmont Price Performance

Shares of NYSE:NEM opened at $94.57 on Friday. The firm has a market cap of $100.95 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.14 and a beta of 0.46. The firm has a fifty day moving average price of $100.25 and a 200 day moving average price of $110.06. Newmont Corporation has a fifty-two week low of $59.96 and a fifty-two week high of $134.88. 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) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.05 by $0.05. Newmont had a net margin of 33.87% and a return on equity of 27.84%. During the same period in the previous year, the company posted $1.43 EPS. As a group, sell-side analysts expect that Newmont Corporation will post 8.9 earnings per share for the current fiscal year.

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.