Newmont (NYSE:NEM) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Newmont (NYSE:NEM) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

NEM has been the subject of several other research reports. Canadian Imperial Bank of Commerce set a $175.00 price target on shares of Newmont and gave the stock an “outperform” rating in a research report on Monday, June 1st. BNP Paribas Exane decreased their price objective on Newmont from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. BMO Capital Markets lowered their price objective on Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings cut Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Finally, UBS Group cut their target price on Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.26.

Newmont Stock Up 0.5%

NEM opened at $95.18 on Tuesday. The company has a market capitalization of $101.61 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.08 and a beta of 0.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. The firm’s fifty day moving average price is $103.30 and its two-hundred day moving average price is $110.45. Newmont has a fifty-two week low of $56.73 and a fifty-two week high of $134.88.

Newmont (NYSE:NEM) last announced its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business’s revenue was up 45.8% on a year-over-year basis. On average, analysts anticipate that Newmont will post 9.32 EPS for the current year.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were given a $0.26 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont’s payout ratio is 13.49%.

Insider Activity

In other news, CEO Natascha Viljoen sold 3,882 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the completion of the sale, the chief executive officer owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This trade represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $252,812.56. Following the completion of the transaction, the insider owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This trade represents a 9.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 28,556 shares of company stock valued at $3,058,146 over the last three months. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Newmont

A number of institutional investors and hedge funds have recently bought and sold shares of NEM. Accel Wealth Management grew its holdings in shares of Newmont by 0.8% during the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after purchasing an additional 115 shares during the last quarter. Tema ETFs LLC raised its holdings in shares of Newmont by 10.1% in the second quarter. Tema ETFs LLC now owns 19,015 shares of the basic materials company’s stock valued at $1,776,000 after buying an additional 1,740 shares during the last quarter. E. Ohman J or Asset Management AB lifted its position in Newmont by 4.5% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 37,498 shares of the basic materials company’s stock worth $3,502,000 after buying an additional 1,600 shares in the last quarter. Fulcrum Equity Management grew its holdings in Newmont by 30.1% during the 2nd quarter. Fulcrum Equity Management now owns 2,599 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 601 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Newmont during the 2nd quarter worth about $381,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst sentiment remains broadly favorable, with consensus still at Buy despite some recent target cuts. Newmont Corporation (NYSE:NEM) Given Consensus Rating of “Buy” by Analysts
• Positive Sentiment: TD Securities upgraded Newmont to strong-buy, reinforcing the case that the selloff has made the stock more attractive. Newmont was upgraded by TD Securities from “hold” to “strong-buy”
• Positive Sentiment: TD Cowen also raised Newmont to buy, citing attractive valuation after the pullback. Newmont jumps as TD Cowen raises to buy on attractive valuation after pullback
• Neutral Sentiment: Newmont is expected to report quarterly earnings on Thursday, and traders may be waiting for guidance on margins, production and gold-price sensitivity. Newmont (NEM) Expected to Announce Quarterly Earnings on Thursday
• Neutral Sentiment: Recent commentary says Newmont’s long-term case is supported by growth projects, strong cash flow and buybacks, even though the stock has fallen about 16% over three months. Newmont Stock Slides 16% in 3 Months: Here’s How to Play the Stock
• Negative Sentiment: Newmont was downgraded by Zacks Research to hold, adding to short-term caution around the stock. Newmont was downgraded by Zacks Research from strong-buy to hold
• Negative Sentiment: Management has flagged higher 2026 unit costs, which could pressure margins if production stays lower and costs keep rising. Can Newmont Protect Margins Amid Higher Unit Costs in 2026?

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.