Newmont (NYSE:NEM – Get Free Report) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.
A number of other research firms have also recently commented on NEM. Weiss Ratings cut Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. TD Cowen restated a “buy” rating on shares of Newmont in a report on Monday, April 27th. Bank of America decreased their price target on shares of Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. The Goldman Sachs Group cut their price target on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, BMO Capital Markets reduced their price target on Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Newmont presently has an average rating of “Buy” and a consensus price target of $136.64.
Get Our Latest Research Report on Newmont
Newmont Trading Up 1.7%
Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted $1.25 earnings per share. Newmont’s revenue was up 45.8% compared to the same quarter last year. Sell-side analysts anticipate that Newmont will post 9.32 EPS for the current fiscal year.
Insider Transactions at Newmont
In other news, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the transaction, the insider directly owned 23,163 shares of the company’s stock, valued at $2,550,477.93. The trade was a 9.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the sale, the executive vice president owned 43,315 shares of the company’s stock, valued at $4,001,439.70. The trade was a 6.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,556 shares of company stock valued at $3,058,146. 0.06% of the stock is owned by company insiders.
Hedge Funds Weigh In On Newmont
Hedge funds and other institutional investors have recently made changes to their positions in the business. GoalVest Advisory LLC acquired a new stake in Newmont in the 4th quarter valued at $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Newmont during the first quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont in the first quarter worth about $25,000. Swiss RE Ltd. purchased a new stake in shares of Newmont in the fourth quarter worth about $26,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.
Newmont News Summary
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: TD upgraded Newmont from hold to buy and set a $127 price target, signaling improved confidence in the stock’s outlook. BayStreet.CA analyst ratings
- Neutral Sentiment: Scotiabank lowered its target on Newmont to $147 from $151 but kept a sector outperform rating, so the call remains constructive despite a smaller valuation view. Benzinga
- Neutral Sentiment: National Bank Financial cut its price target to $125 from $140 and maintained a sector perform rating, reflecting a more cautious stance on upside. BayStreet.CA analyst ratings
- Negative Sentiment: A Zacks article warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital and inventory changes, which could pressure margins. Zacks margin outlook article
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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