Newmont (NYSE:NEM) Reaches New 12-Month High Following Analyst Upgrade

Newmont Corporation (NYSE:NEM) shares hit a new 52-week high during mid-day trading on Tuesday after DZ Bank upgraded the stock to a strong-buy rating. The company traded as high as $118.49 and last traded at $117.9510, with a volume of 1256520 shares. The stock had previously closed at $114.12.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. The Goldman Sachs Group upped their target price on shares of Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a report on Monday, January 12th. Royal Bank Of Canada increased their target price on shares of Newmont from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Newmont in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $99.49.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the firm’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 completion of the sale, the director directly owned 32,709 shares in the company, valued at $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $81.34, for a total transaction of $406,700.00. Following the completion of the sale, the chief executive officer owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,160 shares of company stock worth $767,206 over the last three months. 0.05% of the stock is currently owned by insiders.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Broker and analyst upgrades: DZ Bank raised NEM to “strong‑buy,” and aggregated brokerage coverage shows an average “Buy” rating — these endorsements support demand from institutional and retail buyers. DZ Bank Upgrade / Zacks
• Positive Sentiment: Market commentary: A Zacks piece noted Newmont outpaced the market in the latest session, highlighting immediate positive price action and momentum into the close. Why Newmont Corporation (NEM) Outpaced the Stock Market Today
• Positive Sentiment: Bullish fundamental case: A Seeking Alpha article reiterates a “Strong Buy” view, arguing gold and copper price tailwinds, strong profitability, and favorable forward P/E/PEG metrics imply the market may still be undervaluing Newmont’s long‑term prospects. Newmont: Turning Looming Geopolitical Crisis Into Shareholder Value
• Neutral Sentiment: Valuation check: A Yahoo Finance piece reviews NEM’s valuation after the recent run, suggesting investors re‑assess whether the share‑price momentum has priced in the company’s fundamentals and commodity outlook. This is more analytic than directional but may prompt profit‑taking or pause buys. Assessing Newmont (NEM) Valuation After Strong Recent Share Price Momentum
• Neutral Sentiment: Sectors look attractive: A Zacks piece recommending two basic‑materials stocks flags Newmont as part of a broader opportunity set using Earnings ESP and other screens — supportive context but not a firm buy signal on its own. Why Investors Need to Take Advantage of These 2 Basic Materials Stocks Now
• Positive Sentiment: Consensus backing: Coverage summarized by American Banking News shows brokers’ average rating at “Buy,” reinforcing the buy‑side narrative supporting today’s gains. Newmont Corporation (NYSE:NEM) Receives Average Rating of “Buy” from Brokerages

Institutional Trading of Newmont

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in Newmont by 176.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 447,960 shares of the basic materials company’s stock worth $26,098,000 after purchasing an additional 285,897 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in shares of Newmont by 59.6% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 15,653 shares of the basic materials company’s stock worth $912,000 after acquiring an additional 5,848 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Newmont by 172.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock valued at $362,888,000 after acquiring an additional 2,723,044 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Newmont by 73.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 30,056 shares of the basic materials company’s stock worth $2,534,000 after purchasing an additional 12,717 shares in the last quarter. Finally, Generate Investment Management Ltd boosted its holdings in Newmont by 25.9% in the second quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock worth $22,079,000 after purchasing an additional 77,865 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Stock Performance

The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The company has a market cap of $132.77 billion, a PE ratio of 18.89, a P/E/G ratio of 0.90 and a beta of 0.41. The business’s fifty day moving average is $99.20 and its 200-day moving average is $83.88.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.14 billion. Newmont had a return on equity of 20.35% and a net margin of 33.42%.The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. As a group, research analysts predict that Newmont Corporation will post 3.45 EPS for the current fiscal year.

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.