Newmont Corporation (NYSE:NEM) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Newmont has a “Moderate Buy” consensus rating from 24 analysts: 18 rate it a buy, four hold, and two strong buy. The average 12-month price target is $132.11.
• Recent analyst actions are mixed, with UBS, Citi, and National Bank Financial lowering price targets, while CIBC maintained an outperform rating with a $168 target.
• Newmont exceeded quarterly EPS expectations, reporting $2.10 versus the $2.05 consensus, and declared a quarterly dividend of $0.26. However, insiders sold more than $3.29 million of shares over the past three months.

Shares of Newmont Corporation (NYSE:NEM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $132.1143.

NEM has been the topic of several research reports. UBS Group cut their price target on Newmont from $140.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Weiss Ratings cut Newmont from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, June 17th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $168.00 target price on shares of Newmont in a research report on Tuesday, July 28th. Citigroup reduced their target price on shares of Newmont from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Finally, National Bank Financial lowered their price target on shares of Newmont from $140.00 to $125.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total transaction of $280,350.00. Following the sale, the executive vice president owned 40,315 shares of the company's stock, valued at approximately $3,767,436.75. This trade represents a 6.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the chief financial officer owned 29,324 shares in the company, valued at approximately $3,081,659.16. This represents a 28.07% 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 have sold 32,091 shares of company stock worth $3,292,513. Company insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in NEM. Pinnacle Bancorp Inc. acquired a new stake in Newmont in the 1st quarter valued at approximately $25,000. Cedar Mountain Advisors LLC acquired a new position in Newmont during the 1st quarter worth approximately $25,000. Clearstead Trust LLC acquired a new position in Newmont during the 2nd quarter worth approximately $25,000. Swiss RE Ltd. bought a new position in shares of Newmont during the 4th quarter worth approximately $26,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 206 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Newmont Stock Performance

Shares of Newmont stock opened at $113.03 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The firm has a 50 day simple moving average of $97.92 and a 200 day simple moving average of $109.04. Newmont has a fifty-two week low of $67.11 and a fifty-two week high of $134.88. The firm has a market cap of $119.09 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.26 and a beta of 0.47.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.05. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter in the prior year, the business earned $1.43 EPS. Sell-side analysts predict that Newmont will post 9 earnings per share for the current fiscal year.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, September 3rd. Newmont's dividend payout ratio (DPR) is currently 13.13%.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold's Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

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.

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