Jefferies Financial Group Forecasts Strong Price Appreciation for Newmont (NYSE:NEM) Stock

Newmont (NYSE:NEM) had its price target upped by equities researchers at Jefferies Financial Group from $162.00 to $165.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 36.55% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. DZ Bank upgraded Newmont to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. Scotiabank lowered their price target on Newmont from $152.00 to $151.00 and set a “sector outperform” rating for the company in a report on Friday, March 20th. TD Cowen raised their price target on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Newmont from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.91.

Newmont Stock Performance

Shares of NEM stock opened at $120.84 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. Newmont has a one year low of $48.27 and a one year high of $134.88. The company’s 50-day simple moving average is $115.34 and its 200-day simple moving average is $102.76. The stock has a market capitalization of $130.50 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.92 and a beta of 0.46.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Equities analysts anticipate that Newmont will post 3.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Newmont

In other Newmont news, insider David James Fry sold 18,394 shares of Newmont stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the sale, the insider owned 17,147 shares of the company’s stock, valued at $1,911,033.15. The trade was a 51.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total transaction of $339,270.00. Following the completion of the transaction, the executive vice president owned 52,315 shares of the company’s stock, valued at $5,916,303.35. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,394 shares of company stock worth $2,713,281 in the last ninety days. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Newmont

A number of institutional investors and hedge funds have recently bought and sold shares of NEM. McAlvany Wealth Management LLC bought a new stake in Newmont during the fourth quarter worth approximately $2,711,000. Rockefeller Capital Management L.P. raised its holdings in Newmont by 5.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 431,746 shares of the basic materials company’s stock worth $43,110,000 after purchasing an additional 22,133 shares in the last quarter. World Investment Advisors raised its holdings in Newmont by 298.1% during the fourth quarter. World Investment Advisors now owns 19,255 shares of the basic materials company’s stock worth $1,923,000 after purchasing an additional 14,418 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in Newmont during the fourth quarter worth approximately $30,000. Finally, Larry Mathis Financial Planning LLC bought a new stake in Newmont during the fourth quarter worth approximately $569,000. 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: Jefferies raised its price target on NEM to $165 and maintained a Buy rating — a sizable upside view that supports further upside interest from investors. Jefferies Adjusts Price Target on Newmont to $165
• Positive Sentiment: Goldman Sachs nudged its price target higher and kept a Buy rating, providing incremental analyst support for the stock. Goldman Sachs Adjusts Price Target on Newmont
• Positive Sentiment: Macro/sector writeups point to higher gold prices (sovereign de‑dollarization, inflation) creating a structural floor for majors like Newmont — a tailwind for sentiment and multiples. Golden Ceasefires: Forget Fear, It’s About the Global Reset
• Positive Sentiment: Barron’s highlights that miners could rally if geopolitical copper fears fade and commodities recover — it cites potential upside for gold miners including Newmont in a recovery scenario. Copper Is a ‘Peace’ Commodity. Own These Miners in a Market Recovery.
• Positive Sentiment: Several momentum/stock‑pick pieces (MSN, Zacks) profile NEM as a long‑term momentum/value candidate, which can attract retail and quant flows. Why Newmont Corporation (NEM) is a top momentum stock for the long term Zacks: Why Newmont Is a Top Momentum Stock
• Negative Sentiment: Covering the other side, Yahoo Finance/Zacks report falling gold production and rising costs in 2026 from mine transitions and lower volumes — this could weigh on FY26 margins and cap investor enthusiasm if realized. Will Falling Gold Production Weigh on Newmont’s FY26 Performance? Zacks: Will Falling Gold Production Weigh on Newmont’s FY26 Performance?

About Newmont

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.