Newmont (NYSE:NEM) Price Target Cut to $135.00 by Analysts at BMO Capital Markets

Posted by Brenda Bartman on Jun 24th, 2026

Newmont (NYSE:NEM – Free Report) had its target price cut by BMO Capital Markets from $145.00 to $135.00 in a research report sent to investors on Tuesday,MarketScreener reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other research analysts have also recently weighed in on the company. Macquarie Infrastructure reduced their target price on Newmont from $133.00 to $123.00 and set an “outperform” rating on the stock in a report on Monday, June 15th. TD lifted their price target on shares of Newmont from $116.00 to $129.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Canadian Imperial Bank of Commerce set a $175.00 price objective on shares of Newmont and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, UBS Group cut their target price on shares of Newmont from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average price target of $140.50.

Read Our Latest Stock Analysis on NEM

Newmont Trading Down 2.6%

NEM stock traded down $2.52 on Tuesday, hitting $95.32. 1,028,222 shares of the company were exchanged, compared to its average volume of 9,384,140. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The stock has a market capitalization of $101.75 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.69 and a beta of 0.42. Newmont has a twelve month low of $55.37 and a twelve month high of $134.88. The business’s fifty day moving average is $109.22 and its two-hundred day moving average is $110.83.

Newmont (NYSE:NEM – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business earned $1.25 EPS. Newmont’s revenue for the quarter was up 45.8% on a year-over-year basis. As a group, research analysts forecast that Newmont will post 9.91 earnings per share for the current year.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. Newmont’s dividend payout ratio is 13.49%.

Insider Activity

In other Newmont news, EVP Peter Wexler sold 13,378 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the transaction, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This represents a 16.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider David John Thornton sold 2,296 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the sale, the insider owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 28,556 shares of company stock valued at $3,120,276 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GoalVest Advisory LLC purchased a new stake in Newmont during the 4th quarter worth approximately $25,000. Pinnacle Bancorp Inc. purchased a new position in shares of Newmont during the 1st quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of Newmont during the 1st quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new stake in shares of Newmont during the fourth quarter worth approximately $26,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont secured key approvals for the Red Chris Block Cave project, a longer-life copper expansion that could support production growth well into the 2040s. Newmont (NEM) Secures Red Chris Approval For A Copper Push Into The 2040s
Positive Sentiment: Zacks named Newmont to its Rank #1 “Strong Buy” value stock list, reinforcing investor interest in the stock as a value play. Best Value Stocks to Buy for June 23rd
Positive Sentiment: Recent coverage highlights Newmont as a major gold producer benefiting from strong gold prices and renewed attention from investors. Newmont Gets Approvals to Advance Red Chris Block Cave Project
Neutral Sentiment: Some recent commentary focused on Newmont’s valuation and recent pullback, noting that the stock remains up strongly over longer periods but has softened over the past week and month. Newmont (NEM) Stock Price Pullback Versus Cash Flow And Earnings Valuation Signals
Neutral Sentiment: Newmont also announced leadership appointments for its CFO, COO and CTO roles, a governance update that supports execution but is less of an immediate market driver. Newmont Corporation (NEM) Announces CFO, COO, CTO Appointments

About Newmont

(Get Free Report)

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.