Canadian Imperial Bank of Commerce Cuts Newmont (NYSE:NEM) Price Target to $67.00

Newmont (NYSE:NEM) had its target price trimmed by Canadian Imperial Bank of Commerce from $71.00 to $67.00 in a research note released on Friday,MarketScreener reports.

NEM has been the topic of a number of other research reports. Scotiabank upped their price target on Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. BMO Capital Markets reduced their price objective on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Raymond James Financial lifted their price target on Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Stifel Nicolaus upped their price objective on Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Macquarie Infrastructure boosted their price objective on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.73.

Newmont Stock Performance

Shares of Newmont stock opened at $130.03 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. The stock has a market capitalization of $141.45 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.08 and a beta of 0.39. Newmont has a 12 month low of $41.23 and a 12 month high of $134.88. The firm’s fifty day simple moving average is $115.77 and its 200-day simple moving average is $95.34.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share 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 firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities analysts forecast that Newmont will post 3.45 earnings per share for the current year.

Newmont Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s dividend payout ratio is currently 15.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC acquired a new stake in shares of Newmont in the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. grew its position in Newmont by 327.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 236 shares during the last quarter. Swiss RE Ltd. bought a new position in Newmont in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC increased 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. Finally, JPL Wealth Management LLC bought a new stake in shares of Newmont during the third quarter valued at approximately $27,000. 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: Sanford C. Bernstein upgraded NEM from “market perform” to “outperform” and raised its price target to $157 (from $121), signaling analyst confidence and implying roughly 20% upside versus recent levels. Bernstein Upgrade
• Positive Sentiment: Newmont posted strong Q4 results: adjusted EPS $2.52 vs. $1.81 consensus and revenue ~$6.82B vs. $6.18B expected; management cited higher realized gold prices and effective cost control, and Forbes reports roughly $2.8B of free cash flow in Q4—supporting buybacks, dividend capacity, or further portfolio actions. Newmont Ends 2025 Strong — 2026 In Focus
• Positive Sentiment: Market reaction: coverage notes NEM gained (~+2.1% on the cited session) as investors priced in the earnings beat and brighter outlook. Why the Market Dipped But Newmont Gained
• Neutral Sentiment: Longer-form investor commentary explores whether to buy NEM today—arguments center on its stronger portfolio of Tier‑1 assets and cash generation versus valuation and exposure to gold price moves. Should You Invest $1,000 in Newmont?
• Neutral Sentiment: Company profile and personnel/resources page (reference material). Newmont Company Page

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.