Newmont (NYSE:NEM) Reaches New 1-Year High After Analyst Upgrade

Newmont Corporation (NYSE:NEM)’s stock price reached a new 52-week high on Monday after Scotiabank raised their price target on the stock from $114.00 to $152.00. Scotiabank currently has an outperform rating on the stock. Newmont traded as high as $128.09 and last traded at $128.5780, with a volume of 1538177 shares trading hands. The stock had previously closed at $124.31.

A number of other research firms also recently issued reports on NEM. BNP Paribas Exane downgraded Newmont from an “outperform” rating to a “hold” rating and set a $97.00 price objective for the company. in a report on Friday, December 5th. TD Cowen upped their price target on Newmont from $89.00 to $120.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Bank of America increased their target price on shares of Newmont from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Argus raised their target price on shares of Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Six analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $105.88.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director owned 32,709 shares of the company’s stock, valued at $3,021,003.24. This trade represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the business’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 transaction, the chief executive officer owned 279,923 shares in the company, valued at $22,768,936.82. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,160 shares of company stock valued at $767,206 over the last three months. 0.05% of the stock is owned by company insiders.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold topping $5,000 is a major catalyst for Newmont because higher spot prices directly boost margins for large producers and support sustained earnings upside; MarketBeat highlights Newmont as a best-in-class beneficiary of this regime. Gold at $5,000—3 Mining Stocks for the Next Gold Rush (NEM)
• Positive Sentiment: Options volatility skew is showing bullish positioning around Newmont, indicating traders expect further upside or are hedging for higher prices—this flow can amplify near-term rallies. Volatility skew is sending a very clear message about Newmont’s (NEM) golden rally
• Positive Sentiment: An independent note raised Newmont’s price target to $140, reflecting analyst confidence in the company’s earnings leverage to the gold rally and supporting higher valuations. Newmont Is A Golden Opportunity The Market Is Undervaluing
• Positive Sentiment: Several outlets (The Motley Fool, Barron’s) note that miners including Newmont are enjoying record profits and strong operational performance as gold rises, reinforcing buy-side interest. Newmont, Freeport, and Other Mining Stocks Jump as Gold Surges. More Gains Are Ahead.
• Positive Sentiment: Analyst coverage and buy recommendations (cited in coverage explaining why NEM “popped”) add momentum—scattered upgrades and favorable notes make shares more attractive to institutional buyers. Why Newmont Corporation Stock Just Popped
• Neutral Sentiment: Zacks notes elevated investor attention to NEM, which can increase liquidity and short-term volatility but doesn’t by itself guarantee directional moves. Newmont Corporation (NEM) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A Zacks analyst-blog roundup mentioned Newmont among other names — helpful for visibility but a lower-impact item relative to gold price moves and option flow. The Zacks Analyst Blog NextEra, Newmont, Blackstone and Bluerock

Institutional Trading of Newmont

Several institutional investors and hedge funds have recently bought and sold shares of the business. Estate Counselors LLC purchased a new stake in Newmont in the third quarter worth about $4,182,000. Envestnet Asset Management Inc. boosted its position in shares of 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 in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position 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 purchasing an additional 5,848 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Newmont by 172.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after buying an additional 2,723,044 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Newmont by 73.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 30,056 shares of the basic materials company’s stock valued at $2,534,000 after buying an additional 12,717 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

Newmont Stock Up 0.9%

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74. The stock has a 50 day simple moving average of $102.15 and a 200-day simple moving average of $85.90. The firm has a market cap of $138.61 billion, a PE ratio of 19.72, a PEG ratio of 0.97 and a beta of 0.41.

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.