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Greenwood Village Today
By the People, for the People
LGT Group Foundation Increases Stake in Newmont Corporation
The investment firm grew its position in the mining company by 11.1% in the third quarter.
Published on Mar. 9, 2026
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According to a recent 13F filing, LGT Group Foundation increased its stake in Newmont Corporation (NYSE:NEM) by 11.1% during the third quarter. The firm now owns 147,879 shares of the basic materials company's stock, valued at $12.71 million.
Why it matters
Newmont is one of the world's largest gold mining companies, with operations across North America, South America, Australia, and Africa. The increase in LGT Group Foundation's stake suggests the firm sees continued growth potential in Newmont's business and the broader gold mining industry.
The details
LGT Group Foundation purchased an additional 14,724 shares of Newmont during the third quarter, bringing its total position to 147,879 shares. This represents an 11.1% increase from the previous quarter. Newmont's stock has performed well over the past year, rising over 40% as gold prices have surged.
- LGT Group Foundation filed its 13F report for the third quarter on March 9, 2026.
The players
LGT Group Foundation
An investment firm that manages assets for the Princely Family of Liechtenstein.
Newmont Corporation
A leading global gold mining company with operations across North America, South America, Australia, and Africa.
The takeaway
The increase in LGT Group Foundation's stake in Newmont suggests the firm sees continued upside potential in the gold mining company's stock. As one of the world's largest gold producers, Newmont's performance is closely tied to the overall health of the gold market.
