National Bank Financial Raises Newmont (NYSE:NEM) Price Target to $140.00

Key Points

• National Bank Financial raised its price target on Newmont to $140 (from $130), implying roughly a 16% upside; the stock's consensus average target is about $140.56 and analyst coverage rates it a "Moderate Buy."
• Newmont delivered strong Q1 results — EPS $2.90 vs. $2.07 estimate and revenue of $7.31B — reported record quarterly free cash flow (~$3.1B), approved an additional $6B buyback, and maintained its dividend.
• Risks include a Reuters-reported Ghana regulatory directive to shift operations to local contractors by December 2026 and notable recent insider selling, which could weigh on near-term sentiment.

Newmont (NYSE:NEM - Get Free Report) had its price objective increased by investment analysts at National Bank Financial from $130.00 to $140.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a "sector perform" rating on the basic materials company's stock. National Bank Financial's price objective indicates a potential upside of 15.98% from the stock's current price.

A number of other research firms have also weighed in on NEM. Argus boosted their price target on shares of Newmont from $94.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen raised Newmont from a "hold" rating to a "buy" rating in a report on Saturday. DZ Bank upgraded shares of Newmont to a "strong-buy" rating in a research note on Monday, January 19th. Royal Bank Of Canada upped their price objective on shares of Newmont from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Finally, Bank of America upped their price objective on shares of Newmont from $134.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and an average target price of $140.56.

Newmont Stock Up 8.7%

NYSE:NEM opened at $120.71 on Friday. The company has a market cap of $130.36 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.85 and a beta of 0.46. Newmont has a twelve month low of $48.27 and a twelve month high of $134.88. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $114.65 and a 200-day simple moving average of $104.67.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.83. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. Newmont had a return on equity of 28.23% and a net margin of 33.87%.The firm's quarterly revenue was up 45.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. Analysts anticipate that Newmont will post 8.94 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Wednesday, April 1st. The shares were 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 of the company's stock, valued at $5,916,303.35. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David James Fry sold 18,394 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the transaction, the insider owned 17,147 shares in the company, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,394 shares of company stock valued at $2,713,281. Insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Estate Counselors LLC bought a new stake in Newmont during the 3rd quarter valued at approximately $4,182,000. CWM LLC grew its stake in Newmont by 64.6% in the 4th quarter. CWM LLC now owns 202,892 shares of the basic materials company's stock worth $20,259,000 after acquiring an additional 79,617 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Newmont by 124.8% in the third quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company's stock valued at $27,843,000 after acquiring an additional 183,360 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Newmont by 24.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company's stock valued at $30,775,000 after acquiring an additional 54,530 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of Newmont by 286.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company's stock worth $5,101,000 after acquiring an additional 44,846 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Beat on earnings and revenue — Newmont delivered Q1 EPS of $2.90 and revenue of $7.31B, well above estimates, driven by higher realized gold prices that lifted margins and year-over-year revenue growth. NEM's Q1 Earnings and Sales Trounce Estimates on Higher Gold Prices
• Positive Sentiment: Record cash flow and buyback boost — Newmont reported a record quarterly free cash flow (~$3.1B) and the board approved an additional $6B share repurchase authorization after prior programs were exhausted, signaling stronger capital returns ahead. Newmont jumps after record Q1 cash flow and expanded buyback plan
• Positive Sentiment: Dividend maintained/declared — The company declared a quarterly dividend (USD 0.261 per share), underlining a predictable cash-return policy alongside the buyback program. Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 Results and Announces Increased Share Repurchase Authorization
• Positive Sentiment: Analyst support — Several firms raised price targets or maintained outperform/buy ratings following Q1 results (examples: BMO and Argus), providing further validation for upside. BMO raises Newmont price target
• Neutral Sentiment: Macro/metal price context — Gold has pulled back from its highs this week, which could mute upside if bullion weakens, but Newmont’s results show operating resilience that may offset short-term metal volatility. Gold Faces Headwinds From Calmer Markets, Yet Newmont's Record Cash Flow Tells Another Story
• Negative Sentiment: Regulatory risk in Ghana — Reuters reports Ghana’s regulator told Newmont and peers to transition mining operations to local contractors by December 2026 or face sanctions, creating potential cost, operational and timing uncertainty for African operations. Ghana directs Newmont, AngloGold to shift mining ops to local firms by December - Reuters
• Negative Sentiment: Insider selling and mixed institutional flows — Recent disclosures show notable insider sales and large institutional portfolio moves, which investors may watch as a potential signal of near-term positioning shifts. Newmont jumps after record Q1 cash flow and expanded buyback plan (insider/holder activity)

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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