Newmont Corporation (NEM) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment remains positive: Twenty-five firms rate Newmont a “Moderate Buy,” including 19 buys and two strong buys, with an average 12-month price target of $137.25.
• Newmont exceeded third-quarter expectations: Adjusted EPS came in at $2.20 versus the $1.94 consensus, while revenue rose 15.2% year over year to $6.36 billion. Free cash flow reached approximately $1.9 billion, and the company declared a $0.26 quarterly dividend.
• Higher costs and investment risks temper the outlook: Newmont raised its 2026 all-in sustaining cost forecast to about $1,520 per ounce, while the up-to-$4.8 billion Red Chris expansion adds capital and execution risk. Shares opened at $108.72, down 4.7%, amid mixed analyst revisions and concerns that much of the stock’s rally may already be priced in.

Newmont Corporation (NYSE:NEM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-five research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $137.25.

Several analysts have issued reports on NEM shares. Bank of America upped their price target on shares of Newmont from $135.00 to $145.00 in a report on Monday, August 17th. Weiss Ratings upgraded shares of Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Barclays dropped their price objective on shares of Newmont from $124.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday. Zacks Research downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Scotiabank upped their target price on Newmont from $147.00 to $149.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

Newmont Trading Down 4.7%

Shares of NEM stock opened at $108.72 on Friday. The stock has a market cap of $114.55 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. Newmont has a fifty-two week low of $76.05 and a fifty-two week high of $135.29. The business has a fifty day simple moving average of $121.86 and a 200-day simple moving average of $110.99.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.94 by $0.26. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 EPS. On average, analysts forecast that Newmont will post 9.04 earnings per share for the current fiscal year.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 1.0%. Newmont's dividend payout ratio (DPR) is presently 12.09%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the sale, the executive vice president owned 34,315 shares of the company's stock, valued at $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,973 shares of company stock valued at $3,927,169 over the last three months. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Newmont

Hedge funds have recently modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in shares of Newmont during the first quarter valued at approximately $25,000. Cedar Mountain Advisors LLC acquired a new stake in Newmont during the first quarter worth approximately $25,000. Clearstead Trust LLC acquired a new stake in Newmont during the second quarter worth approximately $25,000. Kilter Group LLC purchased a new stake in Newmont in the 2nd quarter worth approximately $26,000. Finally, GoalVest Advisory LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $28,000. 68.85% of the stock is owned by institutional investors and hedge funds.

About Newmont

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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