The Goldman Sachs Group Forecasts Strong Price Appreciation for Newmont (NYSE:NEM) Stock

Newmont (NYSE:NEM) had its target price lifted by equities researchers at The Goldman Sachs Group from $99.90 to $123.90 in a research note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 8.52% from the company’s previous close.

A number of other research firms also recently issued reports on NEM. CIBC set a $112.00 target price on shares of Newmont and gave the stock an “outperformer” rating in a research report on Friday, October 10th. National Bankshares lifted their price objective on Newmont from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their target price on Newmont from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Macquarie raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Finally, Bank of America lifted their price target on Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $99.35.

Newmont Stock Up 0.0%

NYSE:NEM traded up $0.02 on Monday, hitting $114.17. 8,657,446 shares of the company’s stock traded hands, compared to its average volume of 8,510,003. The company has a market cap 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. Newmont has a 1 year low of $40.85 and a 1 year high of $115.70. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $96.33 and a 200-day moving average price of $81.90.

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, topping analysts’ consensus estimates of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue was up 20.0% compared to the same quarter last year. Equities analysts anticipate that Newmont will post 3.45 EPS for the current fiscal year.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Monday, December 1st. The stock was 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 in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 directly owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,160 shares of company stock worth $767,206 in the last quarter. Insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lodestone Wealth Management LLC acquired a new stake in shares of Newmont in the fourth quarter worth $28,000. Nilsine Partners LLC raised its stake in Newmont by 9.3% during the 4th quarter. Nilsine Partners LLC now owns 4,014 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 341 shares during the last quarter. Three Seasons Wealth LLC bought a new stake in Newmont in the 4th quarter valued at $682,000. LeConte Wealth Management LLC acquired a new stake in Newmont in the 4th quarter worth $205,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Newmont by 52.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 200,513 shares of the basic materials company’s stock worth $20,021,000 after purchasing an additional 68,797 shares during the period. 68.85% of the stock is owned by institutional investors.

Key Stories 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

Newmont Company Profile

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.