Wall Street Zen Upgrades Newmont (NYSE:NEM) to "Buy"

Key Points

• Wall Street Zen upgraded Newmont (NEM) from a "hold" to a "buy," and the stock's consensus rating remains a "Moderate Buy" with a consensus price target of $140.06.
• Q1 beat and capital returns: Newmont reported EPS of $2.90 and revenue of $7.31B (both above estimates), generated record quarterly free cash flow (~$3.1B), and the board authorized an additional $6B share buyback while maintaining the dividend.
• Risks: Regulatory pressure in Ghana to shift operations to local contractors by Dec 2026 and recent insider selling/institutional flows create potential operational and sentiment headwinds.

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

Several other analysts have also recently commented on NEM. TD Securities decreased their target price on Newmont from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Tuesday, March 3rd. Scotiabank decreased their target price on Newmont from $152.00 to $151.00 and set a "sector outperform" rating on the stock in a report on Friday, March 20th. Canaccord Genuity Group increased their target price on Newmont from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, April 17th. TD decreased their target price on Newmont from $118.00 to $116.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce decreased their target price on Newmont from $177.00 to $176.00 and set an "outperform" rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Newmont Price Performance

Shares of NEM stock opened at $120.71 on Friday. The stock's fifty day moving average is $114.65 and its 200-day moving average is $104.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The stock has a market capitalization of $130.36 billion, a PE ratio of 15.66, a PEG ratio of 0.85 and a beta of 0.46. Newmont has a 52 week low of $48.27 and a 52 week high of $134.88.

Newmont (NYSE:NEM - Get Free Report) last announced its earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion for the quarter, compared to analysts' expectations of $6.83 billion. Newmont had a return on equity of 28.23% and a net margin of 33.87%.The business's revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Equities research analysts expect that Newmont will post 8.94 EPS for the current fiscal year.

Insider Buying and Selling at Newmont

In other news, insider David James Fry sold 18,394 shares of the company'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 of the company's stock, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $113.09, for a total value of $339,270.00. Following the transaction, the executive vice president directly owned 52,315 shares in the company, valued at $5,916,303.35. This trade represents a 5.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,394 shares of company stock worth $2,713,281 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Newmont

Several large investors have recently made changes to their positions in NEM. Brighton Jones LLC lifted its stake in Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after buying an additional 1,847 shares during the period. Woodline Partners LP lifted its stake in Newmont by 40.7% in the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company's stock valued at $4,644,000 after buying an additional 27,813 shares during the period. Sivia Capital Partners LLC acquired a new position in Newmont in the second quarter valued at about $240,000. Cerity Partners LLC lifted its stake in Newmont by 108.9% in the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company's stock valued at $7,303,000 after buying an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Newmont by 8.5% in the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company's stock valued at $2,854,000 after buying an additional 3,856 shares during the period. Institutional investors and hedge funds 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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