Newmont (NYSE:NEM) Price Target Raised to $123.00 at BNP Paribas Exane

Newmont (NYSE:NEM) had its price target increased by BNP Paribas Exane from $97.00 to $123.00 in a research report report published on Thursday,MarketScreener reports. BNP Paribas Exane currently has a neutral rating on the basic materials company’s stock.

Several other analysts also recently weighed in on the stock. Raymond James Financial lifted their target price on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. 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 note on Wednesday, January 28th. Wall Street Zen downgraded Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Argus raised their target price on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $177.00 price target on shares of Newmont in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Newmont has an average rating of “Moderate Buy” and an average price target of $131.94.

Newmont Price Performance

Shares of NEM opened at $125.91 on Thursday. The firm has a 50-day simple moving average of $110.21 and a two-hundred day simple moving average of $90.86. The stock has a market cap of $137.40 billion, a PE ratio of 19.55, a P/E/G ratio of 0.99 and a beta of 0.40. Newmont has a 1-year low of $41.23 and a 1-year high of $134.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74.

Insider Transactions 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 completion of the transaction, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. This trade represents 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. 0.05% of the stock is owned by corporate insiders.

Institutional Trading of Newmont

Several hedge funds have recently added to or reduced their stakes in NEM. GoalVest Advisory LLC acquired a new position in Newmont during the 4th quarter worth approximately $25,000. Swiss RE Ltd. acquired a new position in shares of Newmont during the fourth quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 206 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Newmont in the fourth quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Newmont in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally is cited as the direct trigger for the rally in Newmont shares — bullion strength typically lifts Newmont’s revenue and margins. Why Newmont Corporation Stock Popped Today
• Positive Sentiment: Newmont has surged ~73% in six months on record gold prices and project progress, which supports investor sentiment and multiple expansion. Newmont Surges 73% in 6 Months: Buy, Sell or Hold the Stock?
• Positive Sentiment: Analysts expect earnings growth for the quarter, raising the probability of an earnings beat and giving upside risk into the report. Newmont Corporation (NEM) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Zacks style/momentum analyses highlight Newmont as a strong momentum stock, which can attract trend-following and quant flows. Here’s Why Newmont Corporation (NEM) is a Strong Momentum Stock
• Neutral Sentiment: Bank of America slightly trimmed its price target to $134 but kept a Buy rating — a modest model tweak that signals continued analyst support rather than a negative reassessment. Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating
• Neutral Sentiment: Zacks’ deeper look at Q4 metrics beyond revenue/EPS identifies items (production, AISC, by‑product credits) that could drive post‑earnings reaction — watch those line items. Exploring Analyst Estimates for Newmont (NEM) Q4 Earnings, Beyond Revenue and EPS
• Neutral Sentiment: Reminder: Newmont is projected to report quarterly results this week; the print and any guidance will likely be the next major catalyst. Newmont (NEM) Projected to Post Quarterly Earnings on Thursday
• Negative Sentiment: Separately, Newmont underperformed some peers on Thursday, highlighting that relative performance risk exists even amid a gold rally. Newmont Corp. stock underperforms Thursday when compared to competitors

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.