Newmont (NYSE:NEM) Stock Gets Price Target Reduction from TD Cowen

Newmont (NYSE:NEM) had its target price reduced by TD Cowen from $133.00 to $131.00 in a research note issued to investors on Tuesday. TD Cowen‘s price objective would suggest a potential upside of 18.89% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their price target on shares of Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Zacks Research lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Jefferies Financial Group decreased their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Citigroup lifted their price target on shares of Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Newmont from $122.50 to $111.40 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.25.

Newmont Stock Performance

NYSE NEM traded down $3.92 during trading on Tuesday, reaching $110.19. The company’s stock had a trading volume of 3,534,851 shares, compared to its average volume of 8,501,246. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $116.11 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51. The firm has a 50 day moving average price of $122.05 and a 200 day moving average price of $111.00. Newmont has a 12 month low of $76.05 and a 12 month high of $135.29.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.27 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $1.71 EPS. As a group, equities analysts anticipate that Newmont will post 9.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total value of $1,202,755.05. Following the sale, the chief financial officer directly owned 29,324 shares of the company’s stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Natascha Viljoen sold 7,764 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total transaction of $807,456.00. Following the sale, the chief executive officer owned 135,235 shares of the company’s stock, valued at approximately $14,064,440. This trade represents a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 35,973 shares of company stock worth $3,927,169. 0.06% of the stock is currently owned by insiders.

Institutional Trading of Newmont

A number of institutional investors have recently bought and sold shares of NEM. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Newmont during the 2nd quarter valued at $36,180,000. Asset One Wealth Management LLC acquired a new stake in Newmont in the second quarter worth $2,866,000. Private Advisory Group LLC acquired a new stake in Newmont in the second quarter worth $10,430,000. Commerce Bank acquired a new stake in Newmont in the second quarter worth $3,418,000. Finally, Syon Capital LLC bought a new stake in Newmont in the second quarter valued at $169,000. Institutional investors own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported adjusted earnings of $2.20 per share, above the $1.94 analyst consensus, while revenue rose 15.2% year over year to $6.36 billion. Higher gold prices, stronger gold sales and a recovery at Cadia helped drive the results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Cash generation was strong, with third-quarter free cash flow of approximately $1.9 billion. Investors also received support from the company’s capital-return program, including a quarterly dividend of about $0.26 per share and a large buyback highlighted in recent coverage.
• Positive Sentiment: Management remains on track to achieve its 2026 production guidance and expects gold production to rebound in 2027, providing a potential growth catalyst for NEM. NEM Q3 Earnings Call Highlights
• Neutral Sentiment: Newmont improved its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce, but the figure still reflects elevated operating costs. The company also expects higher capital spending for the Red Chris expansion.
• Negative Sentiment: Red Chris commercial production is now targeted for 2033, making the project a distant payoff and increasing investor focus on execution, funding and interim cost pressures. Silver production is also expected to decline. Newmont targets Red Chris commercial production in 2033
• Negative Sentiment: Analyst sentiment was mixed: RBC raised its target to $155 with an outperform rating, while Freedom Broker maintained a hold rating but cut its target to $116. Other coverage questioned whether NEM is fully valued after its roughly 223% three-year gain, limiting the upside reaction to the earnings beat.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.