Newmont (NYSE:NEM) Price Target Raised to $123.90

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

A number of other equities analysts also recently issued reports on the stock. BNP Paribas downgraded shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price target for the company. in a report on Friday, December 5th. UBS Group increased their target price on shares of Newmont from $105.50 to $125.00 and gave the company a “buy” rating in a report on Monday, December 1st. Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Scotiabank upgraded Newmont from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $71.50 to $114.00 in a report on Thursday, October 23rd. Finally, Raymond James Financial lifted their price objective on Newmont from $111.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Newmont has a consensus rating of “Buy” and a consensus price target of $99.35.

Newmont Stock Performance

Shares of NEM traded up $0.02 during midday trading on Monday, reaching $114.17. 8,657,446 shares of the stock were exchanged, compared to its average volume of 8,510,003. Newmont has a twelve month low of $40.85 and a twelve month 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. The company has a market capitalization of $124.59 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 0.85 and a beta of 0.41. The business’s 50-day moving average price is $96.33 and its 200 day moving average price is $81.90.

Newmont (NYSE:NEM) last released its 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 business 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%.The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, sell-side analysts expect that Newmont will post 3.45 EPS for the current fiscal year.

Newmont Announces Dividend

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

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,080 shares of the 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 completion of the sale, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total value of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. This represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,160 shares of company stock valued at $767,206. Corporate insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEM. GoalVest Advisory LLC bought a new position in Newmont in the 4th quarter worth approximately $25,000. Lodestone Wealth Management LLC acquired a new position in Newmont during the 4th quarter worth $28,000. Rosenberg Matthew Hamilton grew its stake in shares of Newmont by 308.0% in the fourth quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Newmont by 327.8% during the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares during the period. Finally, PMV Capital Advisers LLC bought a new stake in shares of Newmont during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

More Newmont News

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.