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

Key Points

• Newmont has a consensus analyst rating of “Buy” from 24 covering firms, with 17 buys and 4 strong buys. The average 1-year price target is about $136.26.
• The company recently reported strong Q1 results, posting EPS of $2.90 versus estimates of $2.07 and revenue of $7.31 billion, both ahead of forecasts. Revenue rose 45.8% year over year.
• Despite positive analyst coverage, NEM has faced recent weakness, with the stock down about 16% over the past three months amid softer gold prices. Analysts are also watching for potential higher unit costs in 2026, which could pressure margins.

Newmont Corporation (NYSE:NEM - Get Free Report) has earned a consensus recommendation of "Buy" from the twenty-four research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $136.2571.

Several equities research analysts recently issued reports on NEM shares. Canadian Imperial Bank of Commerce set a $175.00 price target on Newmont and gave the company an "outperform" rating in a research note on Monday, June 1st. TD Securities upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Barclays set a $125.00 price objective on Newmont in a report on Wednesday. Zacks Research raised Newmont from a "hold" rating to a "strong-buy" rating in a report on Monday, June 15th. Finally, Citigroup restated a "positive" rating on shares of Newmont in a research report on Wednesday.

Newmont Trading Up 0.5%

NEM stock opened at $95.18 on Thursday. Newmont has a 52 week low of $56.73 and a 52 week high of $134.88. The company has a market capitalization of $101.61 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.08 and a beta of 0.46. The company's 50-day simple moving average is $103.30 and its 200 day simple moving average is $110.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The business had revenue of $7.31 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The business's revenue was up 45.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Newmont will post 9.32 earnings per share for the current year.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 27th. Newmont's dividend payout ratio (DPR) is currently 13.49%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: TD Securities upgraded Newmont from hold to strong-buy, while TD Cowen also raised the stock to buy on attractive valuation after its pullback, reinforcing the view that shares may be oversold. Analyst upgrade coverage
• Positive Sentiment: Several research notes still point to meaningful upside, including price targets near or above the current share price, which suggests Wall Street sees value despite recent weakness. Yahoo Finance article on cheap blue chip stock view
• Positive Sentiment: Newmont’s long-term investment case remains supported by growth projects, strong cash flow, and share buybacks, which could help the stock if gold prices stabilize. Zacks article on Newmont stock slides
• Neutral Sentiment: One note highlighted Newmont as an important gold-sector bellwether, keeping the stock closely tied to broader moves in bullion and mining sentiment. Kalkine Media article
• Negative Sentiment: Recent articles emphasize that NEM has fallen about 16% over the past three months as gold prices weakened, weighing on near-term sentiment. Zacks article on recent stock decline
• Negative Sentiment: Another Zacks note warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital, and inventory changes, which could pressure margins. Zacks article on margins and costs

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the completion of the transaction, the chief executive officer directly owned 142,999 shares in the company, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the sale, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. This represents a 16.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Newmont

A number of hedge funds have recently modified their holdings of NEM. Accel Wealth Management grew its stake in shares of Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company's stock worth $1,377,000 after purchasing an additional 115 shares during the last quarter. Tema ETFs LLC raised its position in Newmont by 10.1% during the 2nd quarter. Tema ETFs LLC now owns 19,015 shares of the basic materials company's stock worth $1,776,000 after purchasing an additional 1,740 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in Newmont by 4.5% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 37,498 shares of the basic materials company's stock worth $3,502,000 after purchasing an additional 1,600 shares during the last quarter. Fulcrum Equity Management lifted its holdings in Newmont by 30.1% during the 2nd quarter. Fulcrum Equity Management now owns 2,599 shares of the basic materials company's stock worth $243,000 after buying an additional 601 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Newmont during the 2nd quarter worth about $381,000. Institutional investors and hedge funds own 68.85% of the company's stock.

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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