Newmont Corporation (NYSE:NEM) Stock Has Consensus Price Target of $133.78 According to Analysts

Newmont Corporation (NYSE:NEM) has received a consensus rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $134.26.

A number of analysts recently commented on NEM shares. Canadian Imperial Bank of Commerce set a $170.00 target price on shares of Newmont in a research note on Friday, August 14th. BNP Paribas Exane reduced their price objective on Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. BMO Capital Markets boosted their price objective on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday. TD Securities raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Barclays decreased their price target on Newmont from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong earnings-surprise history and favorable trends in analyst estimates and other earnings indicators point to a reasonable chance of another quarterly beat. Will Newmont Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: BMO Capital Markets raised its price target to $145 from $135 and maintained an “outperform” rating, implying substantial upside from recent trading levels. This reflects continued confidence in Newmont’s earnings and gold-price exposure.
• Positive Sentiment: Recent coverage highlights record free cash flow and the potential for capital returns, including dividends and share repurchases. These factors may support the investment case if sustained. Newmont Posted Record Free Cash Flow
• Neutral Sentiment: Newmont updated the foreign-exchange details connected with its quarterly dividend notice. The announcement clarifies dividend administration but does not materially change the underlying payout. Newmont Updates ASX CDI Dividend Notice
• Negative Sentiment: An executive, Peter Toth, filed notice of an additional share sale under Rule 144. While an individual sale does not necessarily indicate deteriorating fundamentals, it can create a modest sentiment overhang. Newmont Executive Plans Additional Insider Share Sale
• Negative Sentiment: Some coverage argues that NEM’s valuation is ahead of its projected cash-flow outlook, making the stock vulnerable to profit-taking after its strong run. Newmont Stock Looks Priced Above Its Cash Flow Outlook
• Negative Sentiment: Reports that Newmont is approaching a 2026 production trough, along with Ord Minnett’s downgrade to “hold,” are weighing on near-term growth expectations. Ord Minnett Downgrades Newmont to a Hold

Newmont Stock Performance

NEM stock opened at $114.64 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business has a 50-day moving average price of $118.11 and a 200 day moving average price of $109.85. Newmont has a 1-year low of $76.05 and a 1-year high of $135.29. The company has a market capitalization of $120.79 billion, a P/E ratio of 14.47, a PEG ratio of 1.61 and a beta of 0.52.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.35 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, equities research analysts forecast that Newmont will post 9.09 EPS for the current fiscal year.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd were given a $0.26 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio is 13.13%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $369,000.00. Following the completion of the transaction, the executive vice president owned 37,315 shares of the company’s stock, valued at approximately $4,589,745. This represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. This represents a 28.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,091 shares of company stock valued at $3,137,047 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. acquired a new position in Newmont during the first quarter worth $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont during the first quarter worth about $25,000. Clearstead Trust LLC purchased a new position in Newmont in the 2nd quarter valued at about $25,000. Kilter Group LLC acquired a new stake in Newmont in the 2nd quarter worth about $26,000. Finally, Bayban purchased a new stake in Newmont during the 4th quarter worth approximately $30,000. 68.85% of the stock is owned by institutional investors and hedge funds.

About Newmont

Newmont Corporation is a global mining company focused primarily on the exploration, development and production of gold. Its portfolio also includes operations and projects involving copper, silver, zinc and lead. The company’s activities span the mining life cycle, including exploration, mine development, production, processing, reclamation and related environmental management.

Founded in 1921, Newmont is headquartered in Denver, Colorado, and has built a long history in the gold-mining industry through organic development, acquisitions and joint ventures.