Brandywine Global Investment Management Reduces $1M in Newmont Corporation ($NEM)

Brandywine Global Investment Management has trimmed its holdings in Newmont Corporation (NYSE: NEM) according to its latest Form 13F filing with the SEC. The fund reduced its position by 13,343 shares, a 1.84% decrease, bringing its total holdings to 713,007 shares valued at approximately $75.4 million as of the reporting period.

What Changed in Brandywine Global's Newmont Position

Brandywine Global's recent filing shows a reduction in its Newmont stake from 726,350 shares to 713,007 shares. This move reflects a decrease of 13,343 shares, which is a 1.84% cut in its position. The value of this holding is now about $75.4 million.

Other Institutional Activity in Newmont

In the latest quarter, BlackRock, Inc. decreased its Newmont holdings by 3,886,764 shares, now holding 126,082,616 shares valued at approximately $13.6 billion. Vanguard Capital Management LLC established a new position with 70,726,792 shares worth about $7.7 billion. State Street Corp increased its stake by 871,136 shares, bringing its total to 50,830,986 shares valued at $5.5 billion. Van Eck Associates Corp also boosted its holdings significantly by 6,218,529 shares, ending with 35,998,592 shares worth about $3.9 billion.

Newmont Corporation Stock Snapshot

Shares of Newmont Corporation (NYSE: NEM) traded near $105.8. The company boasts a market cap of $112.9 billion, with a P/E ratio of 13.72 and a forward P/E of 9.28. It has a beta of 0.455, indicating lower volatility compared to the market. The stock's 52-week low is $55.37, and its high is $134.88. Newmont's 50-day and 200-day moving averages are $110.70 and $102.01, respectively. The company shows a solid financial position with a current ratio of 2.44 and a quick ratio of 1.89.

Recent Earnings

Newmont reported revenue of $24.97 billion with a growth rate of 45.8%. The company achieved a net margin of 33.87% and a return on equity of 25.83%. Earnings per share stood at $7.71. The next earnings report is expected on July 23, 2026.

Dividend

Newmont offers an annual dividend rate of $1.04, yielding 0.98%. The company's dividend payout ratio is a conservative 13.1%, suggesting room for future increases.

Insider Buying and Selling at Newmont Corporation

On June 1, 2026, EVP and Chief Sustainability & Development Officer Peter Toth and President & CEO Natascha Viljoen each sold shares at an average price of $105.32 as part of a planned transaction. Earlier, on May 14, 2026, Interim Chief People Officer Deborah Leyva bought 1,938 shares, while Gregory Boyce, Rene Medori, and Maura Clark each acquired 1,645 shares on May 13, 2026.

Analysts Set New Price Targets

On May 22, 2026, Barclays initiated coverage on Newmont with a 'buy' rating and a $133 price target. BMO Capital maintained its 'buy' rating with a target of $145 on April 24, 2026. CIBC and UBS also maintained 'buy' ratings with targets of $176 and $140, respectively. Overall, the consensus among analysts is a 'buy', with a target mean price of $141.46 based on 21 analyst opinions.

About Newmont Corporation

Newmont Corporation is a leading gold producer with operations in multiple countries, including the United States, Australia, Ghana, and Peru. Besides gold, it explores for copper, silver, and other metals. Founded in 1916, the company is headquartered in Denver, Colorado, and employs about 17,500 people. Its CEO is Natascha Viljoen.

Bottom Line

Brandywine Global's slight reduction in Newmont holdings is part of its routine portfolio adjustments. Investors keep a close eye on Newmont due to its significant presence in the gold industry and its consistent financial performance. As always, it's important to remember that 13F filings reflect past holdings and may not represent current investment positions.