Newmont (NYSE:NEM) Stock Price Down 2.7% – What’s Next?

Newmont Corporation (NYSE:NEM) fell 2.7% during trading on Thursday . The company traded as low as $114.11 and last traded at $116.14. 10,794,151 shares were traded during mid-day trading, an increase of 8% from the average session volume of 10,028,750 shares. The stock had previously closed at $119.37.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont (NYSE:NEM) Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont (NYSE:NEM) Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Analyst Ratings Changes

NEM has been the subject of a number of recent analyst reports. BNP Paribas Exane lifted their price target on shares of Newmont from $97.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Newmont from $71.00 to $67.00 in a report on Friday, February 27th. 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. Canaccord Genuity Group boosted their target price on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Bank of America raised their price target on Newmont from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Newmont presently has a consensus rating of “Buy” and an average target price of $133.68.

Newmont Stock Performance

The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $126.60 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. The stock’s fifty day simple moving average is $117.25 and its 200-day simple moving average is $96.74.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, topping the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Analysts predict that Newmont Corporation will post 3.45 EPS for the current year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.25. Newmont’s payout ratio is presently 16.28%.

Institutional Investors Weigh In On Newmont

A number of hedge funds have recently bought and sold shares of NEM. Apella Capital LLC increased its stake in shares of Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock worth $219,000 after buying an additional 86 shares during the period. New Wave Wealth Advisors LLC lifted its stake in Newmont by 1.3% in the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock worth $684,000 after acquiring an additional 88 shares during the last quarter. Novem Group grew its holdings in Newmont by 3.7% during the 4th quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after acquiring an additional 88 shares in the last quarter. Norden Group LLC grew its holdings in Newmont by 0.7% during the 4th quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock worth $1,235,000 after acquiring an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.