Newmont (NYSE:NEM) Trading 1.3% Higher on Analyst Upgrade

Shares of Newmont Corporation (NYSE:NEM) were up 1.3% during mid-day trading 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 $129.25 and last traded at $125.9670. Approximately 13,116,197 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 9,319,907 shares. The stock had previously closed at $124.31.

A number of other equities analysts have also weighed in on the company. Argus boosted their price objective on Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Bank of America lifted their price target on Newmont from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Canaccord Genuity Group boosted their price target on shares of Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane downgraded shares of Newmont from an “outperform” rating to a “hold” rating and set a $97.00 target price on the stock. in a research note on Friday, December 5th. Six research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $105.88.

Insiders Place Their Bets

In other Newmont news, CEO Thomas Ronald Palmer sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the transaction, the chief executive officer owned 279,923 shares of the company’s stock, valued at $22,768,936.82. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total transaction of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,160 shares of company stock valued at $767,206. Company insiders own 0.05% of the company’s stock.

Key Stories Impacting Newmont

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

Hedge Funds Weigh In On Newmont

A number of hedge funds have recently made changes to their positions in NEM. Optas LLC raised its position in Newmont by 8.0% in the fourth quarter. Optas LLC now owns 3,890 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 289 shares during the period. Novem Group boosted its position in shares of Newmont by 3.7% during the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after buying an additional 88 shares during the period. Summit Financial Wealth Advisors LLC grew its stake in shares of Newmont by 3.1% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 6,788 shares of the basic materials company’s stock valued at $678,000 after buying an additional 204 shares in the last quarter. 55 North Private Wealth LLC purchased a new stake in shares of Newmont in the 4th quarter valued at $253,000. Finally, Revisor Wealth Management LLC purchased a new stake in shares of Newmont in the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Trading Up 0.9%

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

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.