Gotham Asset Management Boosts Newmont Stake

Investment firm increases holding in major gold mining company by 12%

Mar. 16, 2026 at 10:38am

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Gotham Asset Management LLC, a prominent investment management firm, has increased its stake in Newmont Corporation (NYSE: NEM) by 12% in the third quarter. The fund now owns 715,994 shares of the basic materials company's stock, worth approximately $60.4 million.

Why it matters

Newmont is one of the world's largest gold mining companies, and its stock performance is closely watched by investors in the precious metals sector. Gotham Asset Management's increased position suggests the firm sees further upside potential in Newmont's shares.

The details

According to a recent 13F filing with the SEC, Gotham Asset Management purchased an additional 76,814 shares of Newmont in the third quarter, bringing its total holding to 715,994 shares. This represents about 0.07% of Newmont's outstanding stock. The investment firm cited Newmont's strong operational performance and growth prospects as reasons for boosting its position in the company.

  • Gotham Asset Management increased its Newmont stake in the 3rd quarter of 2026.

The players

Gotham Asset Management LLC

A prominent investment management firm that has increased its stake in Newmont Corporation.

Newmont Corporation

A leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties.

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The takeaway

Gotham Asset Management's increased position in Newmont suggests the firm sees further upside potential in the gold mining company's stock, underscoring investor confidence in Newmont's long-term growth prospects.