Newmont (NYSE:NEM) Stock Price Up 6.6% Following Analyst Upgrade

Shares of Newmont Corporation (NYSE:NEM) rose 6.6% during trading on Friday after BNP Paribas Exane raised their price target on the stock from $97.00 to $123.00. BNP Paribas Exane currently has a neutral rating on the stock. Newmont traded as high as $126.39 and last traded at $125.91. Approximately 7,591,229 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 10,187,229 shares. The stock had previously closed at $118.12.

Several other brokerages have also weighed in on NEM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Canaccord Genuity Group lifted their price objective on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Argus increased their target price on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Citigroup reaffirmed a “buy” rating on shares of Newmont in a research note on Monday, January 12th. Finally, UBS Group reiterated a “buy” rating and issued a $160.00 price target on shares of Newmont in a research report on Friday, January 30th. Two 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.94.

Insider Transactions at Newmont

In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction on 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 owned 32,709 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

Key Headlines 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

Institutional Investors Weigh In On Newmont

Hedge funds have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC raised its stake in shares of Newmont by 706.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 23,612 shares of the basic materials company’s stock worth $2,358,000 after acquiring an additional 20,684 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Newmont by 763.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 76,207 shares of the basic materials company’s stock valued at $7,609,000 after purchasing an additional 67,385 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after purchasing an additional 96 shares during the last quarter. Volterra Technologies LP acquired a new position in Newmont during the 4th quarter worth $1,302,000. Finally, The Manufacturers Life Insurance Company boosted its position in Newmont by 0.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 692,191 shares of the basic materials company’s stock valued at $69,115,000 after buying an additional 2,452 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Price Performance

The company has a market capitalization of $137.40 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.05 and a beta of 0.40. 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 company has a 50 day moving average price of $110.21 and a 200 day moving average price of $91.05.

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.