National Bankshares Issues Positive Forecast for Newmont (NYSE:NEM) Stock Price

Newmont (NYSE:NEM) had its price target hoisted by National Bankshares from $120.00 to $140.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the basic materials company’s stock.

Other analysts also recently issued research reports about the company. Argus boosted their price objective on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Wall Street Zen cut shares of Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. TD Securities boosted their price objective on shares of Newmont from $67.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their target price on shares of Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Six research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $117.11.

Newmont Stock Performance

NYSE NEM opened at $116.93 on Wednesday. The company has a 50-day simple moving average of $106.20 and a two-hundred day simple moving average of $88.27. Newmont has a 12-month low of $41.23 and a 12-month high of $134.88. The firm has a market cap of $127.60 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 0.90 and a beta of 0.40. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

Insider Activity

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new position in Newmont during the fourth quarter valued at $25,000. Physician Wealth Advisors Inc. boosted its position 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 worth $26,000 after purchasing an additional 236 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Newmont by 534.7% in the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after buying an additional 385 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Newmont by 312.1% during 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 in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in Newmont in the third quarter worth $27,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: National Bankshares raised its price target from $120 to $140 and moved to an “outperform” rating, signaling meaningful upside from current levels. BayStreet Analyst Note
• Positive Sentiment: Morgans issued a positive research note on NEM, providing additional sell-side support. Globe and Mail: Morgans Report
• Positive Sentiment: Zacks and other outlets highlight Newmont’s strong free cash flow ($1.6B) and $5.7B returned via dividends/buybacks, reinforcing the company’s capital-return profile and valuation appeal. Zacks: Cash Flow Story
• Positive Sentiment: Zacks also profiles NEM as a top long-term growth candidate among gold names, and a separate Zacks piece lists Newmont among miners likely to beat Q4 estimates—both supportive for sentiment. Zacks Growth Note Zacks Earnings Preview
• Positive Sentiment: Sector tailwinds: a sharp rebound in gold pushed Newmont higher earlier in the week, and bullish coverage from outlets like Forbes highlights margin strength and low leverage. Benzinga: Gold Rebound Forbes: Rally Analysis
• Neutral Sentiment: Newmont told the ASX it remains compliant with NYSE rules as an ASX foreign-exempt listing — a regulatory/administrative update that reduces execution risk but is unlikely to move the stock materially. TipRanks: ASX Compliance

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.