Newmont Corporation (NYSE:NEM) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Newmont, with 18 buy, two strong-buy and four hold ratings among 24 firms. The average 12-month price target is $132.73, though several brokerages recently reduced their targets.
• Newmont reported strong operating performance, including 1.3 million attributable gold ounces, record quarterly free cash flow of $2.2 billion, $2.10 in quarterly EPS and maintained 2026 production guidance. The company also declared a $0.26-per-share quarterly dividend.
• Key risks include insider selling and commodity-market pressures: insiders sold 32,091 shares worth about $3.4 million over the past 90 days, while higher Treasury yields, inflation, energy costs and fluctuating gold prices could weigh on demand and mining margins.

Shares of Newmont Corporation (NYSE:NEM - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-four ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $132.7333.

Several research firms have issued reports on NEM. Barclays dropped their price objective on Newmont from $125.00 to $124.00 and set an "overweight" rating for the company in a research note on Tuesday, July 28th. The Goldman Sachs Group reduced their target price on shares of Newmont from $122.50 to $111.40 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Citigroup lowered their target price on shares of Newmont from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Wall Street Zen cut shares of Newmont from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, BNP Paribas Exane cut their price target on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s recent quarterly update continues to support investor sentiment: the company reported approximately 1.3 million attributable gold ounces, record quarterly free cash flow of $2.2 billion, maintained its 2026 production guidance and declared a $0.26-per-share dividend. Why Newmont Corporation Stock Is Up Today
• Positive Sentiment: A recent valuation analysis characterized Newmont as financially resilient, citing a net margin of roughly 33%, strong cash generation, low leverage and a forward P/E near 14.5. The company’s $1.95 billion payment to Barrick to finalize the Nevada Gold Mines joint-venture settlement also strengthens its control of a major production base. Newmont Stock Analysis
• Neutral Sentiment: Analysts’ recent price targets have a median of $140, suggesting potential upside from current levels, although targets range widely from $120 to $176 and remain sensitive to gold prices, interest rates and mining costs. Newmont Price Targets
• Negative Sentiment: Newmont CEO Natascha Viljoen sold 3,882 shares worth approximately $477,000, while EVP Peter Toth sold 3,000 shares worth about $369,000. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their holdings but not necessarily signaling a change in business outlook. Newmont Insider Transactions
• Negative Sentiment: Insider activity has been one-sided over the past six months, with reported sales and no purchases. High Treasury yields also remain a risk because they raise the opportunity cost of holding gold, while inflation and energy costs could pressure mining margins. Newmont Insider and Market Analysis

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $369,000.00. Following the completion of the sale, the executive vice president directly owned 37,315 shares of the company's stock, valued at $4,589,745. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the transaction, the chief financial officer owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. The trade was a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,091 shares of company stock worth $3,414,187. Insiders own 0.06% of the company's stock.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in Newmont during the 1st quarter worth about $25,000. Cedar Mountain Advisors LLC bought a new position in shares of Newmont in the first quarter worth about $25,000. Clearstead Trust LLC bought a new position in shares of Newmont in the second quarter worth about $25,000. Kilter Group LLC acquired a new position in shares of Newmont during the second quarter worth approximately $26,000. Finally, Swiss RE Ltd. acquired a new position in shares of Newmont during the fourth quarter worth approximately $26,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Stock Up 4.3%

Shares of NEM opened at $130.59 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $106.54 and a two-hundred day moving average price of $109.59. The stock has a market cap of $137.60 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.76 and a beta of 0.52. Newmont has a 12 month low of $73.44 and a 12 month high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.05. The business had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same period in the prior year, the firm posted $1.43 EPS. Equities analysts predict that Newmont will post 9.01 EPS for the current fiscal year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Newmont's dividend payout ratio (DPR) is presently 13.13%.

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.

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