Newmont (NYSE:NEM) Stock Price Up 1.6% – Time to Buy?

Newmont Corporation (NYSE:NEM) shares shot up 1.6% during trading on Tuesday . The company traded as high as $120.34 and last traded at $118.8330. 7,925,132 shares changed hands during trading, a decline of 21% from the average session volume of 10,014,857 shares. The stock had previously closed at $116.96.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a materially higher price target (A$226), forecasting strong production growth (about 5.3M oz in FY2026 and near 6M thereafter), which supports revenue and cash‑flow upside. JPMorgan Predicts Strong Production Growth for Newmont Corporation (NEM) Through 2029
• Positive Sentiment: Citi raised its price target to $150 (from $118) and kept a Buy, citing valuation and the company’s operational momentum — a catalyst for fund flows into NEM. Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 – Here’s Why
• Positive Sentiment: Bank of America also lifted its target (to $151) and reiterated a Buy, part of a broader re‑rating by analysts after earnings beats and stronger gold — reinforcing bullish sentiment. Why Newmont Corporation (NEM) Is Gaining Analyst Attention
• Positive Sentiment: Several outlets note a cluster of price‑target increases and upgrades (Bernstein, other shops), which helped push the stock higher and prompted coverage pieces about the rally. Newmont (NEM) Stock Surges After Major Price Target Increases from Top Analysts
• Neutral Sentiment: Analyses highlight that while upgrades and higher gold support valuation, shares have pulled back ~9% over the last week after a strong run — investors should weigh momentum vs. stretched short‑term multiples. Assessing Newmont (NEM) Valuation After Upgrades And A Strong Year For Gold And Earnings
• Positive Sentiment: Zacks and other research notes Newmont as a long‑term growth candidate; bullish Q1 estimates from Zacks may raise expectations for further upside if results stay ahead of consensus. Zacks Research Has Bullish Estimate for Newmont Q1 Earnings
• Negative Sentiment: Separately, near‑term weakness reported by some outlets attributes a recent daily drop to macro forces (rates, dollar moves) that can pressure gold and miners; this raises short‑term volatility risk. Why Newmont Corporation Stock Dropped Today

Analyst Upgrades and Downgrades

NEM has been the subject of several recent analyst reports. Scotiabank boosted their target price on Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce cut their price objective on Newmont from $71.00 to $67.00 in a report on Friday, February 27th. DZ Bank upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Zacks Research raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Finally, Citigroup increased their price target on shares of Newmont from $118.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $134.15.

Newmont Price Performance

The stock has a market capitalization of $129.27 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 0.92 and a beta of 0.39. 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 firm has a 50-day moving average price of $117.60 and a 200 day moving average price of $97.47.

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

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be paid a $0.26 dividend. This is a positive change from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s dividend payout ratio is currently 16.28%.

Institutional Trading of Newmont

Several hedge funds have recently added to or reduced their stakes in NEM. Brighton Jones LLC increased its holdings in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares during the period. Woodline Partners LP boosted its holdings in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares during the period. Sivia Capital Partners LLC bought a new position in Newmont during the 2nd quarter worth approximately $240,000. Atria Investments Inc purchased a new position in Newmont in the 2nd quarter worth approximately $534,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Newmont in the 2nd quarter worth approximately $47,000. 68.85% of the stock is owned by institutional investors.

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.