Newmont (NYSE:NEM) Raised to Buy at Wall Street Zen

Newmont (NYSE:NEM) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

NEM has been the topic of several other research reports. Macquarie Infrastructure lifted their target price on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Stifel Nicolaus raised their price target on shares of Newmont from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Canaccord Genuity Group boosted their price objective on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. TD Securities cut their price objective on Newmont from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Tuesday, March 3rd. Finally, Scotiabank raised their target price on Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $134.15.

Newmont Stock Up 0.7%

Shares of NEM opened at $117.06 on Friday. The firm has a market cap of $127.34 billion, a P/E ratio of 18.32, a PEG ratio of 0.92 and a beta of 0.39. Newmont has a 12 month low of $42.03 and a 12 month high of $134.88. The stock’s 50 day moving average is $117.60 and its two-hundred day moving average is $97.47. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $1.40 EPS. Analysts predict that Newmont will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newmont

Several hedge funds have recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in Newmont in the 4th quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in shares of Newmont during the fourth quarter worth about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 206 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of Newmont in the fourth quarter valued at approximately $28,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Newmont in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: BofA raised its price target on NEM to $151 and reiterated a Buy — part of a broader analyst re‑rating that supports upside expectations for Newmont. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Citi lifted its price target to $150 (from $118) and reiterated a Buy, signaling renewed confidence in Newmont’s earnings power and valuation. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: Zacks and other outlets highlight bullish Q1 earnings estimates and favorable long‑term growth/valuation metrics, supporting expectations for continued beat‑and‑raise performance. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Positive Sentiment: Wall Street Zen upgraded Newmont to Buy, adding to the momentum from multiple buy‑side and sell‑side upgrades. Wall Street Zen Upgrades Newmont (NYSE:NEM) to Buy
• Neutral Sentiment: Zacks and Yahoo features note Newmont as a trending and top‑growth stock based on style scores and investor attention — useful context but not an immediate price catalyst by itself. Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
• Negative Sentiment: The Motley Fool flagged two macroeconomic factors driving weakness in Newmont today — broader pressure on gold/miners from rates and dollar/market moves — which can mute gains even amid positive analyst actions. Why Newmont Corporation Stock Dropped Today

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.