Bank of America Raises Newmont (NYSE:NEM) Price Target to $151.00

Newmont (NYSE:NEM) had its target price upped by investment analysts at Bank of America from $134.00 to $151.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the basic materials company’s stock. Bank of America‘s price objective indicates a potential upside of 16.13% from the stock’s previous close.

Several other research analysts have also commented on NEM. Weiss Ratings reissued a “buy (b-)” rating on shares of Newmont in a research note on Monday, December 29th. Macquarie Infrastructure boosted their price target on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. The Goldman Sachs Group increased their price objective on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a research note on Monday, January 12th. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets reduced their price target on Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.73.

Newmont Trading Up 2.0%

Shares of NYSE NEM traded up $2.56 during trading on Thursday, reaching $130.03. The stock had a trading volume of 15,009,122 shares, compared to its average volume of 9,446,080. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. The company has a market cap of $141.45 billion, a P/E ratio of 20.35, a PEG ratio of 1.09 and a beta of 0.40. Newmont has a fifty-two week low of $41.23 and a fifty-two week high of $134.88. The business’s 50-day moving average price is $115.77 and its 200-day moving average price is $94.97.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. On average, equities research analysts predict that Newmont will post 3.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $92.36, for a total transaction of $192,108.80. Following the completion of the sale, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Newmont

Several large investors have recently modified their holdings of NEM. Groupama Asset Managment increased its holdings in shares of Newmont by 7.8% in the 4th quarter. Groupama Asset Managment now owns 71,350 shares of the basic materials company’s stock valued at $7,024,000 after acquiring an additional 5,192 shares during the period. Oak Grove Capital LLC purchased a new position in Newmont during the 4th quarter worth $1,677,000. Banque Transatlantique SA grew its position in Newmont by 37.7% during the 4th quarter. Banque Transatlantique SA now owns 4,110 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 1,125 shares during the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in Newmont in the fourth quarter valued at $165,000. Finally, SG Trading Solutions LLC purchased a new stake in shares of Newmont in the fourth quarter valued at about $1,676,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Sanford C. Bernstein upgraded NEM from “market perform” to “outperform” and raised its price target to $157 (from $121), signaling analyst confidence and implying roughly 20% upside versus recent levels. Bernstein Upgrade
• Positive Sentiment: Newmont posted strong Q4 results: adjusted EPS $2.52 vs. $1.81 consensus and revenue ~$6.82B vs. $6.18B expected; management cited higher realized gold prices and effective cost control, and Forbes reports roughly $2.8B of free cash flow in Q4—supporting buybacks, dividend capacity, or further portfolio actions. Newmont Ends 2025 Strong — 2026 In Focus
• Positive Sentiment: Market reaction: coverage notes NEM gained (~+2.1% on the cited session) as investors priced in the earnings beat and brighter outlook. Why the Market Dipped But Newmont Gained
• Neutral Sentiment: Longer-form investor commentary explores whether to buy NEM today—arguments center on its stronger portfolio of Tier‑1 assets and cash generation versus valuation and exposure to gold price moves. Should You Invest $1,000 in Newmont?
• Neutral Sentiment: Company profile and personnel/resources page (reference material). Newmont Company Page

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.