Scotiabank Lowers Newmont (NYSE:NEM) Price Target to $151.00

Newmont (NYSE:NEM) had its price objective dropped by Scotiabank from $152.00 to $151.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the basic materials company’s stock. Scotiabank’s price target would suggest a potential upside of 56.72% from the stock’s current price.

A number of other analysts have also commented on the stock. National Bank Financial boosted their price objective on shares of Newmont from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Raymond James Financial lifted their price target on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Jefferies Financial Group increased their price objective on shares of Newmont from $158.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Argus raised their price objective on Newmont from $75.00 to $94.00 in a report on Friday, November 21st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $134.10.

Newmont Stock Down 2.9%

Shares of NYSE:NEM traded down $2.85 during mid-day trading on Friday, reaching $96.35. 4,501,204 shares of the stock were exchanged, compared to its average volume of 10,170,599. The stock’s 50 day simple moving average is $118.70 and its 200-day simple moving average is $99.25. Newmont has a one year low of $42.93 and a one year high of $134.88. The company has a market cap of $104.82 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.82 and a beta of 0.39. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

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

Insider Buying and Selling at Newmont

In other news, insider David James Fry sold 18,394 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. The trade was a 51.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by corporate insiders.

Institutional Trading of Newmont

Several hedge funds and other institutional investors have recently modified their holdings of NEM. Norges Bank acquired a new stake in Newmont during the second quarter worth approximately $919,170,000. Van ECK Associates Corp grew its position in shares of Newmont by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after purchasing an additional 5,643,496 shares during the last quarter. Invesco Ltd. increased its stake in shares of Newmont by 45.0% during the second quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Newmont by 110.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,743,228 shares of the basic materials company’s stock worth $873,011,000 after purchasing an additional 4,588,018 shares during the last quarter. Finally, Boston Partners lifted its holdings in Newmont by 4,090.7% during the 2nd quarter. Boston Partners now owns 4,643,057 shares of the basic materials company’s stock worth $272,558,000 after purchasing an additional 4,532,263 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Ongoing Wall Street support and above‑consensus price targets give upside if bullion stabilizes; several brokers maintain buy/outperform views. MarketBeat: Newmont company page & analyst coverage
• Positive Sentiment: Management recently raised the quarterly dividend (from $0.25 to $0.26), supporting income investors and signaling cash‑return capacity. MarketBeat: Dividend disclosure
• Neutral Sentiment: A scheduled, routine 10b5‑1 sale by an officer was disclosed; such pre‑arranged programs are common and not an automatic red flag. TipRanks: 10b5-1 sale
• Neutral Sentiment: Comparative pieces note Newmont and peers (e.g., Freeport) both beat earnings but remain volatile, framing the stock as a value/relative‑strength decision for longer‑term investors. 247WallStreet: Freeport vs Newmont
• Negative Sentiment: Macro pressure: a stronger dollar and Fed signaling fewer cuts has softened gold, which directly compresses miner multiples and can trigger outsized moves in gold‑sensitive names like NEM. Schaeffer’s: Fed impact on gold/miners
• Negative Sentiment: Company‑specific margin risk: Newmont’s 2026 guidance points to lower attributable gold volumes and higher all‑in sustaining costs, making earnings more sensitive when gold cools. QuiverQuant: Cost/volume outlook
• Negative Sentiment: Recent insider selling: a senior insider sold ~18,400 shares (~$2.05M), a sizable open‑market sale that can amplify negative sentiment during broader sector weakness. AmericanBankingNews: Insider selling
• Negative Sentiment: Operational cost pressure: rising fuel costs and other input inflation are being cited as squeezing margins across the gold complex, an immediate headwind to miner profitability. Benzinga: Fuel costs hitting margins

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.