Investment Management Corp of Ontario Acquires 112,461 Shares of Newmont Corporation $NEM

09 Dec 2025, 08:52 by Renee Jackson · The Cerbat Gem

Investment Management Corp of Ontario grew its holdings in shares of Newmont Corporation (NYSE:NEM – Free Report) by 350.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,589 shares of the basic materials company’s stock after buying an additional 112,461 shares during the quarter. Investment Management Corp of Ontario’s holdings in Newmont were worth $8,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEM. Envestnet Asset Management Inc. boosted its holdings in shares of Newmont by 176.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 447,960 shares of the basic materials company’s stock worth $26,098,000 after purchasing an additional 285,897 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in Newmont by 59.6% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 15,653 shares of the basic materials company’s stock valued at $912,000 after buying an additional 5,848 shares during the period. Generate Investment Management Ltd lifted its position in Newmont by 25.9% in the second quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock worth $22,079,000 after buying an additional 77,865 shares during the last quarter. Midwest Trust Co purchased a new position in Newmont during the second quarter worth $4,424,000. Finally, Kaizen Financial Strategies bought a new position in Newmont during the second quarter valued at $202,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the sale, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was 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 approximately $22,768,936.82. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,240 shares of company stock worth $943,985 in the last three months. Corporate insiders own 0.05% of the company’s stock.

Newmont Price Performance

Shares of NEM stock opened at $88.96 on Tuesday. The company has a market capitalization of $97.08 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.63 and a beta of 0.41. The company’s 50-day simple moving average is $87.01 and its two-hundred day simple moving average is $73.03. Newmont Corporation has a one year low of $36.86 and a one year high of $98.58. 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 posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.44. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.14 billion. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, equities analysts anticipate that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, November 26th. Newmont’s dividend payout ratio is currently 15.53%.

Analysts Set New Price Targets

NEM has been the subject of a number of recent analyst reports. TD Securities lifted their price target on shares of Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. CIBC set a $112.00 price objective on shares of Newmont and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Raymond James Financial set a $99.00 target price on Newmont and gave the company an “outperform” rating in a research report on Friday, October 24th. Citigroup increased their price target on Newmont from $74.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, UBS Group raised their price target on Newmont from $105.50 to $125.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $94.89.

Check Out Our Latest Stock Analysis on Newmont

Newmont Profile

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