--- title: "Marvin & Palmer Associates Inc. Makes New Investment in Newmont Corporation $NEM" type: "News" locale: "en" url: "https://longbridge.com/en/news/278265122.md" description: "Marvin & Palmer Associates Inc. has acquired a new position in Newmont Corporation (NYSE:NEM), purchasing 71,889 shares valued at approximately $5.82 million, making it the 9th largest position in their portfolio. Other institutional investors have also increased their stakes in Newmont. Zacks upgraded NEM to a Strong Buy, while Citigroup raised its price target to $150. However, TD Securities lowered its expectations, impacting sentiment. Newmont's stock opened at $116.37, with a market cap of $126.60 billion and a recent EPS of $2.52, exceeding estimates." datetime: "2026-03-08T12:13:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278265122.md) - [en](https://longbridge.com/en/news/278265122.md) - [zh-HK](https://longbridge.com/zh-HK/news/278265122.md) --- # Marvin & Palmer Associates Inc. Makes New Investment in Newmont Corporation $NEM Marvin & Palmer Associates Inc. purchased a new position in Newmont Corporation (NYSE:NEM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,889 shares of the basic materials company's stock, valued at approximately $5,821,000. Newmont comprises 5.0% of Marvin & Palmer Associates Inc.'s investment portfolio, making the stock its 9th biggest position. - Markets Seek Shelter as Gold Shines Brightest Several other institutional investors also recently modified their holdings of NEM. Norges Bank purchased a new position in Newmont in the 2nd quarter worth about $919,170,000. Invesco Ltd. boosted its holdings in shares of Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company's stock valued at $908,152,000 after acquiring an additional 4,839,447 shares during the last quarter. Boston Partners grew its stake in shares of Newmont by 4,090.7% in the second quarter. Boston Partners now owns 4,643,057 shares of the basic materials company's stock worth $272,558,000 after acquiring an additional 4,532,263 shares during the period. LSV Asset Management bought a new stake in shares of Newmont in the second quarter worth approximately $187,206,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Newmont by 172.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company's stock valued at $362,888,000 after purchasing an additional 2,723,044 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors. ## Trending Headlines about Newmont Here are the key news stories impacting Newmont this week: - Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here's What You Should Know - Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45). - Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont NYSE: NEM Price Target to $150.00 - Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now - Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic? - Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont NYSE: NEM Stock Price - Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont NYSE: NEM Trading Down 8% After Analyst Downgrade - Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today ## Newmont Stock Performance - 3 Contrarian "Buy the Dip" Picks—and One Area to Avoid Shares of NYSE NEM opened at $116.37 on Friday. The firm has a 50 day moving average of $117.25 and a 200 day moving average of $96.95. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $126.60 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. Newmont Corporation has a 12-month low of $42.03 and a 12-month high of $134.88. Newmont (NYSE:NEM - Get Free Report) last announced 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. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The firm's revenue was up 20.6% on a year-over-year basis. On average, research analysts anticipate that Newmont Corporation will post 3.45 earnings per share for the current year. ## Newmont Increases Dividend - Gold at $5,000—3 Mining Stocks for the Next Gold Rush The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a $0.26 dividend. This is a positive change from Newmont's previous quarterly dividend of $0.25. The ex-dividend date 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 currently 16.28%. ## Analyst Ratings Changes A number of research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Newmont from $89.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, January 22nd. TD Securities decreased their target price on shares of Newmont from $120.00 to $118.00 and set a "hold" rating for the company in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their price target on Newmont from $120.00 to $125.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Scotiabank lifted their price objective on Newmont from $114.00 to $152.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Finally, Bank of America upped their price objective on Newmont from $134.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Newmont presently has an average rating of "Buy" and an average price target of $134.15. **Check Out Our Latest Report on NEM** ## Newmont Company Profile (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. ## Read More - Five stocks we like better than Newmont - “I just bought 10,000 shares of a $5 stock…” - How JPMorgan's $8,000 Gold Call Will Leave Most Retirement Accounts Behind - Silver Is the New Oil—And the World’s Running Dry - Nvidia CEO Issues Bold Tesla Call - What central banks are doing with gold right now _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Newmont Right Now? Before you consider Newmont, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newmont wasn't on the list. While Newmont currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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