Newmont Corporation (NYSE:NEM) Receives $136.26 Average PT from Analysts

Shares of Newmont Corporation (NYSE:NEM) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $136.2571.

Several equities analysts have recently issued reports on NEM shares. Bank of America decreased their price objective on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, July 9th. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. TD Cowen reissued a “buy” rating on shares of Newmont in a report on Monday, April 27th. TD upgraded Newmont from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $129.00 to $127.00 in a research report on Tuesday, July 14th. Finally, Canaccord Genuity Group raised their price objective on shares of Newmont from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Newmont to $8.80 from $8.73 and kept a Sector Outperform rating with a $147 price target, signaling continued confidence in earnings power and valuation upside.
• Positive Sentiment: Analysts at other firms continue to view Newmont favorably, with coverage highlighting improving operational efficiency, stronger free cash flow, and ongoing share buybacks as potential supports for the stock.
• Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with no injuries or material damage reported, helping ease concerns about operational disruption while the company advances growth projects such as Ahafo North and Tanami Expansion 2.
• Positive Sentiment: Some research notes argue Newmont remains undervalued relative to net asset value and could benefit from permit-driven growth catalysts, including the Red Chris Block Cave project.
• Neutral Sentiment: Newmont is expected to report quarterly earnings next week, and recent commentary suggests the company may have revenue growth ahead, though it may not have the strongest setup for a clear earnings beat.
• Negative Sentiment: Newmont was downgraded by Zacks Research from strong-buy to hold, adding a cautious note ahead of earnings.
• Negative Sentiment: The stock also fell more sharply than the broader market in the latest session, reflecting investor concern about softer gold prices, higher costs, and near-term earnings uncertainty.

Newmont Trading Down 1.1%

Shares of Newmont stock opened at $89.80 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The firm has a fifty day moving average price of $102.32 and a 200 day moving average price of $110.20. Newmont has a 1 year low of $57.86 and a 1 year high of $134.88. The stock has a market cap of $95.86 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.46.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm’s revenue was up 45.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 earnings per share. Equities research analysts predict that Newmont will post 9.25 earnings per share for the current year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.2%. Newmont’s dividend payout ratio is 13.49%.

Insider Activity

In other news, EVP Peter Wexler sold 13,378 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the sale, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the sale, the chief executive officer owned 142,999 shares in the company, valued at $15,060,654.68. This trade represents a 2.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,556 shares of company stock worth $3,058,146 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Newmont

Institutional investors have recently bought and sold shares of the business. Apella Capital LLC boosted its stake in shares of Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after acquiring an additional 86 shares during the last quarter. New Wave Wealth Advisors LLC raised its stake in Newmont by 1.3% in the 4th quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 88 shares during the last quarter. Novem Group lifted its holdings in Newmont by 3.7% in the 4th quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 88 shares in the last quarter. Norden Group LLC grew its holdings in shares of Newmont by 0.7% during the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after buying an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Newmont by 1.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after buying an additional 96 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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.