TD Securities Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price

Newmont (NYSE:NEM) had its price objective cut by equities researchers at TD Securities from $120.00 to $118.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the basic materials company’s stock. TD Securities’ target price would suggest a potential downside of 1.01% from the company’s current price.

A number of other analysts have also recently weighed in on NEM. The Goldman Sachs Group raised their target price on shares of Newmont from $99.90 to $123.90 and gave the stock a “buy” rating in a report on Monday, January 12th. Argus increased their price objective on Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. UBS Group reduced their price objective on Newmont from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Jefferies Financial Group lifted their target price on Newmont from $136.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, National Bank Financial upped their target price on Newmont from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.68.

Newmont Price Performance

NYSE:NEM opened at $119.20 on Tuesday. The business’s 50-day moving average price is $116.81 and its 200 day moving average price is $96.27. The firm has a market cap of $129.67 billion, a P/E ratio of 18.65, a PEG ratio of 0.96 and a beta of 0.39. Newmont has a 52-week low of $42.03 and a 52-week high of $134.88. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16.

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, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the company earned $1.40 EPS. Newmont’s revenue was up 20.6% on a year-over-year basis. As a group, sell-side analysts predict that Newmont will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newmont

A number of institutional investors have recently bought and sold shares of NEM. Pure Financial Advisors LLC grew its stake in Newmont by 55.8% during the 4th quarter. Pure Financial Advisors LLC now owns 3,731 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 1,336 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Newmont during the fourth quarter worth approximately $219,000. SHP Wealth Management purchased a new position in Newmont during the fourth quarter valued at approximately $174,000. Bank of Hawaii increased its stake in Newmont by 5.1% in the 4th quarter. Bank of Hawaii now owns 8,955 shares of the basic materials company’s stock valued at $894,000 after buying an additional 434 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Newmont in the 4th quarter valued at approximately $2,079,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Citigroup raised its price target sharply (from $118 to $150) and put a “buy” rating on NEM, highlighting upside for the stock and supporting demand from growth-oriented investors. Citigroup raise — Benzinga
• Positive Sentiment: Macro flight-to-safety and bullion strength remain a tailwind: coverage noting that geopolitical risk is boosting gold demand and that Newmont’s recent earnings, record free cash flow and higher dividend make it a preferred sector beneficiary. This supports longer-term flows into NEM. MarketBeat: Markets Seek Shelter as Gold Shines Brightest
• Positive Sentiment: Zacks highlights NEM as a strong momentum stock, which can attract technical and momentum-driven buyers while momentum remains intact. Zacks momentum piece
• Neutral Sentiment: Valuation is getting more attention after a large multi-quarter rally (one-year returns >200%); some coverage asks whether shares are priced for perfection — this raises debate but is not an immediate catalyst. Yahoo Finance: Is it too late?
• Negative Sentiment: Gold prices pulled back after a recent run-up, prompting profit-taking across miners and a sharp intraday slide in NEM; sector correlation to bullion makes Newmont sensitive to short-term metal moves. QuiverQuant: Newmont slides as gold pulls back
• Negative Sentiment: TD Securities trimmed its price target to $118 and moved to a “hold,” adding near-term caution for some investors and potentially weighing on sentiment. BayStreet.CA: TD Securities downgrade
• Negative Sentiment: Coverage and intraday analysis point to technical/flow-driven selling (including ex-/record-date dividend flows and reported insider sales cited in market writeups), which can amplify short-term volatility even with strong fundamentals. The Motley Fool: Why NEM dropped

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.