Newmont (NYSE:NEM) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Newmont (NYSE:NEM) had its price objective increased by analysts at BMO Capital Markets from $115.00 to $140.00 in a report released on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 26.13% from the stock’s previous close.

Several other brokerages also recently commented on NEM. Wall Street Zen downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Canaccord Genuity Group boosted their price objective on shares of Newmont from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 17th. TD lowered their price objective on shares of Newmont from $118.00 to $116.00 and set a “hold” rating for the company in a research report on Tuesday. Jefferies Financial Group boosted their price objective on shares of Newmont from $162.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, BNP Paribas Exane boosted their price objective on shares of Newmont from $123.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and an average price target of $139.81.

Newmont Price Performance

Shares of NYSE NEM opened at $111.00 on Wednesday. The stock has a market capitalization of $119.87 billion, a PE ratio of 17.37, a P/E/G ratio of 0.85 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The business has a fifty day moving average price of $114.75 and a two-hundred day moving average price of $104.44. Newmont has a fifty-two week low of $48.27 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. As a group, equities analysts predict that Newmont will post 8.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David James Fry sold 18,394 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This represents a 51.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total transaction of $339,270.00. Following the transaction, 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. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 24,394 shares of company stock valued at $2,713,281. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Newmont by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company’s stock valued at $13,390,613,000 after buying an additional 637,996 shares during the period. State Street Corp increased its stake in shares of Newmont by 1.0% in the fourth quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after buying an additional 480,223 shares during the period. Van ECK Associates Corp increased its stake in shares of Newmont by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after buying an additional 5,643,496 shares during the period. Geode Capital Management LLC increased its stake in shares of Newmont by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock valued at $2,738,756,000 after buying an additional 946,824 shares during the period. Finally, Norges Bank acquired a new stake in shares of Newmont in the fourth quarter valued at about $1,443,128,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Q1 beat — Newmont reported adjusted EPS of $2.90 vs. ~$2.07 consensus and revenue $7.31B (above estimates); management said production ~1.3M attributable gold ounces. This strong beat is the main fundamental driver supporting the stock. Newmont Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Record cash flow and buyback — Newmont reported an all-time record quarterly free cash flow (~$3.1B) and increased its share repurchase authorization, a clear shareholder-friendly move likely to support the share price. Newmont Generates Record Quarterly Earnings and Free Cash Flow
• Positive Sentiment: Dividend declared — the company declared a quarterly dividend of about $0.261 per share, which supports income-oriented investors and signals confidence in cash generation. Dividend Announcement
• Positive Sentiment: Analyst upgrades on valuation — BMO raised its price target to $140 (maintained Outperform) and Argus raised its target to $125 (Buy), reflecting bullish views on cash flow and the company’s asset mix. BMO Price Target Raise
• Neutral Sentiment: SEC filings & investor call — Newmont filed its Q1 report with the U.S. SEC and scheduled an investor call, standard disclosures that provide more details for investors but are procedural. SEC Filing & Investor Call
• Neutral Sentiment: Valuation discussion — coverage pieces note Newmont’s recent earnings streak, Newcrest deal implications and strong momentum; useful context but not immediate catalysts. Valuation Assessment
• Negative Sentiment: Regulatory risk in Ghana — Reuters reports Ghana directed Newmont and peers to shift mining operations to local firms by December, raising operational and political risk for West Africa assets. This kind of local content/order risk can hit investor sentiment. Ghana Directive
• Negative Sentiment: Analyst caution — some firms (TD/TD Cowen) have issued more pessimistic forecasts or lowered expectations, which can cap near-term upside despite the beat. Analyst Pessimistic Forecasts
• Negative Sentiment: Macroeconomic headwinds for gold — a firmer U.S. dollar and mixed safe-haven flows are pressuring gold-sector sentiment, which can mute gains in gold equities even after company-specific beats. Gold Market Headwinds

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.