Newmont (NYSE:NEM) Stock Crosses Above 200 Day Moving Average After Analyst Downgrade

Posted by Francis Steltz on Oct 28th, 2026

Newmont Corporation (NYSE:NEM – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday after TD Cowen raised their price target on the stock from $127.00 to $133.00. The stock has a two hundred day moving average of $112.47 and traded as high as $113.01. TD Cowen currently has a buy rating on the stock. Newmont shares last traded at $112.6910, with a volume of 4,685,230 shares traded.

Several other research analysts also recently commented on the stock. Barclays lowered their price objective on shares of Newmont from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. National Bank Financial reduced their target price on Newmont from $140.00 to $135.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 20th. Citigroup raised their target price on Newmont from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. UBS Group decreased 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. Finally, Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.20.

Check Out Our Latest Report on Newmont

Insiders Place Their Bets

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the transaction, the executive vice president owned 34,315 shares in the company, valued at approximately $3,939,705.15. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Brian Tabolt sold 11,445 shares of Newmont stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction 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 trade represents a 28.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,973 shares of company stock valued at $3,927,169 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont’s shares gained in European trading, indicating continued market interest and momentum in the stock. Newmont Corp stock gains 3.30 percent above its Xetra close
Positive Sentiment: Scotiabank maintained a “sector outperform” rating and still sees substantial upside, despite trimming its price target modestly to $148 from $149. The bullish rating supports the view that Newmont’s production recovery and gold exposure remain attractive. Scotiabank Newmont price target
Neutral Sentiment: Recent coverage describes Newmont as emerging from a production trough, while cautioning that gold prices have retreated from their highs. The improving production outlook is supportive, but weaker commodity prices could limit earnings momentum. Newmont emerging from production trough
Neutral Sentiment: Newmont is attracting elevated investor and retail-investor attention, which may increase trading activity but does not by itself change the company’s fundamentals. Newmont attracting investor attention
Negative Sentiment: Analysts highlighted inflation, higher energy prices and Ghana’s increased royalty burden as ongoing cost pressures. Although Nevada’s net asset value is improving, these expenses could weigh on 2027 margins. Longer-term projects such as Fourmile and the Red Chris Block Cave upgrade provide potential cost and production benefits after 2030. Newmont Nevada NAV climbs but cost creep continues
Negative Sentiment: Macquarie lowered its price target to $128 from $134, while Morgans Financial downgraded the shares to “accumulate” and reset its Australian-dollar target. These revisions signal more cautious expectations, even though targets remain above the current trading level. Macquarie adjusts Newmont price target

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hourglass Capital LLC bought a new position in shares of Newmont in the 3rd quarter worth about $13,066,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Newmont in the 3rd quarter valued at about $814,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Newmont in the 2nd quarter valued at about $36,180,000. Asset One Wealth Management LLC bought a new stake in shares of Newmont during the 2nd quarter valued at about $2,866,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of Newmont during the 3rd quarter valued at about $1,769,000. 68.85% of the stock is owned by institutional investors.

Newmont Stock Performance

The firm has a 50-day moving average of $121.36 and a 200 day moving average of $112.47.

Newmont (NYSE:NEM – Get Free Report) last issued its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts forecast that Newmont Corporation will post 9.11 earnings per share for the current year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%.

About Newmont

(Get Free Report)

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.