Newmont (NYSE:NEM) Price Target Raised to $123.20

Newmont (NYSE:NEM) had its price target increased by The Goldman Sachs Group from $122.30 to $123.20 in a report issued on Thursday morning,MarketScreener reports. The brokerage currently has a buy rating on the basic materials company’s stock.

NEM has been the subject of several other research reports. Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a report on Monday, December 29th. Royal Bank Of Canada boosted their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. UBS Group cut their target price on Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Jefferies Financial Group upped their target price on Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average target price of $133.91.

Newmont Trading Up 1.5%

Shares of NEM stock opened at $120.84 on Thursday. The stock has a market cap of $130.50 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.92 and a beta of 0.46. The stock has a 50-day moving average of $115.34 and a 200-day moving average of $102.76. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. Newmont has a 1-year low of $48.27 and a 1-year high of $134.88.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. On average, equities research analysts forecast that Newmont will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s dividend payout ratio is currently 16.28%.

Insider Activity

In other news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the sale, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total value of $339,270.00. Following the completion of the sale, the executive vice president owned 52,315 shares of the company’s stock, valued at approximately $5,916,303.35. This represents a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 24,394 shares of company stock worth $2,713,281. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Newmont

Large investors have recently made changes to their positions in the company. GoalVest Advisory LLC acquired a new stake in shares of Newmont in the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. grew its stake in shares of Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after buying an additional 236 shares during the period. Swiss RE Ltd. acquired a new stake in shares of Newmont in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC grew its stake in shares of Newmont by 312.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in shares of Newmont in the 3rd quarter valued at about $27,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Newmont

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?

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.