Canadian Imperial Bank of Commerce Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price

Newmont (NYSE:NEM) had its target price reduced by analysts at Canadian Imperial Bank of Commerce from $71.00 to $67.00 in a research report issued on Friday,MarketScreener reports. Canadian Imperial Bank of Commerce’s target price suggests a potential downside of 48.47% from the company’s previous close.

Several other brokerages have also weighed in on NEM. Royal Bank Of Canada raised their price objective on shares of Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Jefferies Financial Group upped their target price on Newmont from $136.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Macquarie Infrastructure raised their price objective on Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Finally, Citigroup reiterated a “buy” rating on shares of Newmont in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and an average price target of $129.73.

Newmont Trading Up 2.0%

Newmont stock opened at $130.03 on Friday. The stock has a 50-day moving average price of $115.77 and a 200 day moving average price of $95.15. Newmont has a 52 week low of $41.23 and a 52 week high of $134.88. 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 stock has a market cap of $141.45 billion, a PE ratio of 20.35, a P/E/G ratio of 1.11 and a beta of 0.40.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the company posted $1.40 earnings per share. The firm’s revenue was up 20.6% compared to the same quarter last year. Equities research analysts predict that Newmont will post 3.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the sale, the director owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Newmont

A number of hedge funds have recently added to or reduced their stakes in NEM. Groupama Asset Managment lifted its holdings in Newmont by 7.8% during the 4th quarter. Groupama Asset Managment now owns 71,350 shares of the basic materials company’s stock worth $7,024,000 after buying an additional 5,192 shares in the last quarter. Oak Grove Capital LLC acquired a new stake in Newmont during the 4th quarter worth $1,677,000. Banque Transatlantique SA lifted its holdings in shares of Newmont by 37.7% during the 4th quarter. Banque Transatlantique SA now owns 4,110 shares of the basic materials company’s stock valued at $410,000 after purchasing an additional 1,125 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in shares of Newmont in the fourth quarter valued at approximately $165,000. Finally, SG Trading Solutions LLC acquired a new stake in shares of Newmont in the 4th quarter valued at about $1,676,000. Institutional investors own 68.85% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Sanford C. Bernstein upgraded NEM from “market perform” to “outperform” and raised its price target to $157 (from $121), signaling analyst confidence and implying roughly 20% upside versus recent levels. Bernstein Upgrade
• Positive Sentiment: Newmont posted strong Q4 results: adjusted EPS $2.52 vs. $1.81 consensus and revenue ~$6.82B vs. $6.18B expected; management cited higher realized gold prices and effective cost control, and Forbes reports roughly $2.8B of free cash flow in Q4—supporting buybacks, dividend capacity, or further portfolio actions. Newmont Ends 2025 Strong — 2026 In Focus
• Positive Sentiment: Market reaction: coverage notes NEM gained (~+2.1% on the cited session) as investors priced in the earnings beat and brighter outlook. Why the Market Dipped But Newmont Gained
• Neutral Sentiment: Longer-form investor commentary explores whether to buy NEM today—arguments center on its stronger portfolio of Tier‑1 assets and cash generation versus valuation and exposure to gold price moves. Should You Invest $1,000 in Newmont?
• Neutral Sentiment: Company profile and personnel/resources page (reference material). Newmont Company Page

Newmont Company Profile

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.