Newmont (NYSE:NEM) Trading Up 6.2% After Analyst Upgrade

Newmont Corporation (NYSE:NEM)’s stock price rose 6.2% during mid-day trading on Friday after Royal Bank Of Canada raised their price target on the stock from $120.00 to $125.00. Royal Bank Of Canada currently has an outperform rating on the stock. Newmont traded as high as $115.48 and last traded at $115.27. Approximately 10,799,853 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 10,640,356 shares. The stock had previously closed at $108.53.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lifted their price objective on Newmont from $114.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. TD Cowen raised their target price on shares of Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $177.00 target price on shares of Newmont in a report on Wednesday. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Wall Street Zen cut shares of Newmont from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $124.83.

Insider Transactions at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the firm’s 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 of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s Ahafo North start in Ghana brings incremental production that supports the company’s growth story and near‑term supply outlook, giving investors confidence in organic volume gains. Newmont’s Ahafofo North Start Adds Ghana Output To Growth Story
• Positive Sentiment: Macquarie raised its price target on NEM to $126 and kept an “outperform” rating — analyst upward revisions typically provide near‑term buying support and signal expected upside versus the market. Macquarie Adjusts Price Target on Newmont to $126
• Positive Sentiment: National Bankshares published a bullish forecast for Newmont, flagging strong price appreciation potential — another confirmation from the sell‑side that can attract buyers. National Bankshares Forecasts Strong Price Appreciation for Newmont (NYSE:NEM) Stock
• Neutral Sentiment: Jim Cramer mentioned Newmont on air in the context of comparing gold miners; his comments were not a strong buy signal (he suggested a caller holding AEM might not need NEM), so this is market color rather than a major catalyst. Jim Cramer on Investing in Newmont While Holding AEM
• Neutral Sentiment: Zacks highlighted basic‑materials stocks that could beat earnings using its Earnings ESP tool; this broader sector attention can lift peers like Newmont around results season but isn’t a direct company catalyst. These 2 Basic Materials Stocks Could Beat Earnings
• Negative Sentiment: MarketBeat’s contrarian piece warns gold and precious‑metals miners may be due for a pullback and explicitly cautions against chasing miners including Newmont — that narrative can trigger profit‑taking from momentum traders. 3 Contrarian “Buy the Dip” Picks—and One Area to Avoid

Institutional Investors Weigh In On Newmont

A number of hedge funds have recently bought and sold shares of NEM. GoalVest Advisory LLC acquired a new position in shares of Newmont in the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its holdings in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares during the last quarter. Lodestone Wealth Management LLC acquired a new position in Newmont in the fourth quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new position in shares of Newmont during the fourth quarter valued at approximately $30,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Newmont by 308.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 306 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Trading Up 6.2%

The firm has a market cap of $125.79 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.88 and a beta of 0.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The firm has a fifty day moving average of $107.05 and a 200-day moving average of $88.99.

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.