Newmont (NYSE:NEM) Upgraded at Zacks Research

Key Points

• Zacks upgraded Newmont to a "Strong Buy", raising near-term EPS estimates (Q3 2026 $1.73, Q4 2026 $1.84) and contributing to an overall broker consensus of "Buy" with an average price target of $133.68.
• Newmont beat quarterly expectations, reporting $2.52 EPS vs. $1.81 expected and $6.82B revenue (vs. $6.18B), with a 31.25% net margin and 20.6% year‑over‑year revenue growth supporting stronger earnings visibility.
• The ongoing gold rally amid geopolitical tensions is a clear tailwind for Newmont’s revenues and margins, though mixed analyst moves (some higher price targets like Citi's $150 and some downgrades) have produced short‑term volatility.

Newmont (NYSE:NEM - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports. Zacks Research also issued estimates for Newmont's Q3 2026 earnings at $1.73 EPS and Q4 2026 earnings at $1.84 EPS.

Several other brokerages have also recently issued reports on NEM. Weiss Ratings restated a "buy (b-)" rating on shares of Newmont in a research report on Monday, December 29th. Macquarie Infrastructure upped their price target on shares of Newmont from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Sanford C. Bernstein upgraded shares of Newmont from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $121.00 to $157.00 in a report on Friday, February 27th. TD Cowen increased their price objective on shares of Newmont from $89.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, January 22nd. Finally, TD Securities reduced their price objective on Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont presently has an average rating of "Buy" and an average price target of $133.68.

Newmont Stock Up 0.2%

Newmont stock opened at $116.37 on Thursday. The stock's fifty day moving average is $117.25 and its two-hundred day moving average is $96.74. The stock has a market cap of $126.60 billion, a PE ratio of 18.21, a P/E/G ratio of 0.97 and a beta of 0.39. Newmont has a 1-year low of $42.03 and a 1-year high of $134.88. 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 announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating 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 company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The firm's revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts expect that Newmont will post 3.45 EPS for the current fiscal year.

Institutional Trading of Newmont

Several large investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC acquired a new position in shares of Newmont during the fourth quarter valued at approximately $25,000. Swiss RE Ltd. purchased a new stake in shares of Newmont in the fourth quarter valued at $26,000. Cornerstone Planning Group LLC increased its holdings in shares of Newmont by 312.1% in the 4th 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 period. Lodestone Wealth Management LLC purchased a new position in shares of Newmont during the 4th quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Newmont during the 4th quarter valued at about $30,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Newmont

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

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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