Newmont (NYSE:NEM) Given New $129.00 Price Target at TD

Newmont (NYSE:NEM) had its price objective lifted by TD from $116.00 to $129.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the stock. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $121.00 to $157.00 in a report on Friday, February 27th. Stifel Nicolaus upped their price objective on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a research note on Saturday. Canadian Imperial Bank of Commerce cut their target price on shares of Newmont from $177.00 to $176.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Finally, Bank of America boosted their target price on shares of Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average target price of $141.91.

Newmont Trading Down 3.8%

Shares of NEM opened at $116.11 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. Newmont has a 52-week low of $48.27 and a 52-week high of $134.88. The firm has a market cap of $123.95 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.92 and a beta of 0.46. The business’s fifty day moving average is $114.45 and its 200-day moving average is $105.12.

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, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the company earned $1.25 EPS. Newmont’s revenue for the quarter was up 45.8% on a year-over-year basis. Equities analysts anticipate that Newmont will post 8.91 EPS for the current fiscal year.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Wednesday, May 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is 13.49%.

Insider Buying and Selling

In other news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction 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 owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. This trade represents a 51.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction 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 in the company, valued at approximately $5,916,303.35. This trade 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 over the last three months. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NEM. 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 lifted 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 worth $4,988,491,000 after acquiring an additional 480,223 shares during the period. Van ECK Associates Corp boosted its holdings in 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 acquiring an additional 5,643,496 shares during the last quarter. Geode Capital Management LLC increased its position in Newmont by 3.6% during the 4th 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 purchasing an additional 946,824 shares during the period. Finally, Norges Bank acquired a new stake in Newmont during the 4th quarter valued at approximately $1,443,128,000. 68.85% of the stock is owned by institutional investors.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD raised its price target on NEM to $129 (from $116) and kept a “hold” rating — a signal of analyst conviction that supports upside. TD raises price target on Newmont
• Positive Sentiment: Macquarie lifted its price target to $133 and maintained an “outperform” rating, adding further analyst support for shares. Macquarie adjusts price target on Newmont
• Positive Sentiment: Zacks published bullish coverage calling Newmont a “strong momentum stock,” which can attract momentum-oriented flows and retail interest. Here’s Why Newmont is a Strong Momentum Stock
• Positive Sentiment: Coverage highlighting Newmont as a top copper play supports a longer-term growth narrative tied to base metals demand (positive fundamental angle beyond gold). Why Newmont is One of the Best Copper Stocks
• Neutral Sentiment: Increased search and attention on Newmont from Zacks/Yahoo indicates heightened investor interest, but not a clear directional catalyst by itself. Investors Heavily Search Newmont
• Neutral Sentiment: ETF reconstitution coverage (VictoryShares GFLW) that mentions free-cash-flow leaders can affect index/ETF flows if Newmont is in scope, but impact depends on inclusion decisions. Metal, Chips, & Cash: Q1 ‘26 Additions to VictoryShares GFLW
• Negative Sentiment: Ghana directed a shift to local contractors by Dec‑2026, which could raise operating costs, complicate local partnerships and pressure margins/ESG narratives for Newmont’s Ghana operations. Ghana contractor shift tests Newmont
• Negative Sentiment: A pullback in gold and the XAU index reduces near-term revenue/price tailwinds for gold miners, creating downward pressure on Newmont despite company- and analyst-level positives. Gold’s worst pullback in months

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.