Newmont (NYSE:NEM) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Newmont to a "buy", joining several brokerages that have recently raised price targets (Jefferies $162, Scotiabank $152, Citigroup $150); consensus remains a Buy with a mean price target of $134.15 and most analysts rating it buy or strong-buy.
• Fundamentals surprised to the upside: Newmont reported $2.52 EPS vs. $1.81 expected and $6.82B revenue (up 20.6% YoY), with solid margins and ROE, and sell‑side forecasts near $3.45 EPS for the year.
• Macro tailwind but lingering volatility: Rising gold prices amid geopolitical tensions support miners' revenue potential, though some downgrades and prior intraday sell-offs have created short‑term headline risk.

Newmont (NYSE:NEM - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also recently commented on NEM. Canaccord Genuity Group boosted their price target on Newmont from $115.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. TD Cowen lifted their price objective on Newmont from $89.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, January 22nd. DZ Bank raised Newmont to a "strong-buy" rating in a report on Monday, January 19th. Scotiabank increased their target price on Newmont from $114.00 to $152.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group raised their price target on Newmont from $158.00 to $162.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Newmont presently has an average rating of "Buy" and a consensus price target of $134.15.

Newmont Stock Up 0.2%

Shares of Newmont stock opened at $116.37 on Friday. Newmont has a 1 year low of $42.03 and a 1 year high of $134.88. The firm has a market cap of $126.60 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.97 and a beta of 0.39. The company has a 50-day moving average of $117.25 and a 200 day moving average of $96.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Newmont's quarterly revenue was up 20.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Newmont will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newmont

A number of hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new stake in Newmont during the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in Newmont in the fourth quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Newmont by 312.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Lodestone Wealth Management LLC bought a new stake in shares of Newmont during the 4th quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Newmont during the 4th quarter valued at $30,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here's What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont NYSE: NEM Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont NYSE: NEM Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont NYSE: NEM Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

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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