Newmont (NYSE:NEM) Price Target Raised to $123.90 at The Goldman Sachs Group

Newmont (NYSE:NEM) had its price target lifted by The Goldman Sachs Group from $99.90 to $123.90 in a report published on Monday,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the basic materials company’s stock.

Several other research firms have also commented on NEM. CIBC set a $112.00 target price on Newmont and gave the company an “outperformer” rating in a report on Friday, October 10th. Raymond James Financial upped their price target on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday. BNP Paribas lowered shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target on the stock. in a research note on Friday, December 5th. TD Securities boosted their price objective on shares of Newmont from $67.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Newmont has an average rating of “Buy” and a consensus target price of $99.35.

Newmont Stock Up 0.0%

Shares of NYSE NEM traded up $0.02 during mid-day trading on Monday, hitting $114.17. The company had a trading volume of 8,657,446 shares, compared to its average volume of 8,510,003. The company has a market capitalization of $124.59 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.85 and a beta of 0.41. The business’s 50-day simple moving average is $96.33 and its 200 day simple moving average is $81.90. Newmont has a 1-year low of $40.85 and a 1-year high of $115.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.44. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.14 billion. Newmont had a return on equity of 20.35% and a net margin of 33.42%.Newmont’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. On average, analysts predict that Newmont will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Wednesday, November 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 26th. Newmont’s dividend payout ratio (DPR) is 15.53%.

Insider Activity at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares of the company’s stock, valued at approximately $22,768,936.82. The trade was a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,160 shares of company stock valued at $767,206 in the last 90 days. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Newmont

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEM. Norges Bank purchased a new stake in shares of Newmont in the second quarter valued at approximately $919,170,000. Invesco Ltd. lifted its holdings in Newmont by 45.0% in the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock valued at $908,152,000 after acquiring an additional 4,839,447 shares during the period. Legal & General Group Plc boosted its position in shares of Newmont by 9.6% during the 3rd quarter. Legal & General Group Plc now owns 8,156,669 shares of the basic materials company’s stock worth $687,223,000 after purchasing an additional 711,940 shares in the last quarter. Boston Partners grew its stake in shares of Newmont by 49.3% during the 3rd quarter. Boston Partners now owns 6,931,710 shares of the basic materials company’s stock worth $585,828,000 after purchasing an additional 2,288,653 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Newmont by 33.8% during the 3rd quarter. Victory Capital Management Inc. now owns 4,925,237 shares of the basic materials company’s stock worth $414,270,000 after purchasing an additional 1,244,845 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: Raymond James raised its Newmont price target to $130 and maintained an “Outperform” rating, citing the firm’s lower‑jurisdiction risk portfolio and resilient gold exposure. This implies meaningful upside vs. the current share price. Raymond James price target hike
• Positive Sentiment: Goldman Sachs bumped its Newmont target to $123.90 and kept a “Buy” rating, adding institutional validation to the stock’s rally and supporting near‑term investor demand. Goldman Sachs price target raise
• Positive Sentiment: Coverage and analyst commentary (including pieces syndicated to Yahoo/MSN/InsiderMonkey) emphasize Newmont’s low‑risk, large‑scale gold footprint and the broader precious‑metals bull market — a sector tailwind that benefits Newmont as the world’s largest gold miner. Raymond James coverage (Yahoo)
• Positive Sentiment: Zacks highlights that lower capex has helped Newmont boost free cash flow (Q3 capex fell ~17%, record FCF), which supports dividends, buybacks and valuation multiple expansion if sustained. Zacks on capex and free cash flow
• Neutral Sentiment: Newmont announced the date for its Q4 and full‑year 2025 results and conference call — a scheduled event that could move the stock depending on results and guidance. Earnings release date (TipRanks)
• Neutral Sentiment: Various media pieces and broker notes remind investors of analyst recommendations and sector dynamics; these amplify attention but are not single decisive catalysts. Broker commentary (Zacks)
• Negative Sentiment: A Zacks note flags caution: Newmont has rallied ~26% in three months and some operational headwinds (falling production) could temper upside, suggesting investor vigilance ahead of earnings. That dynamic can cap near‑term gains if operational trends disappoint. Zacks on rally and production risks

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.