Scotiabank Cuts Newmont (NYSE:NEM) Price Target to $151.00

Newmont (NYSE:NEM) had its price target reduced by Scotiabank from $152.00 to $151.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a sector outperform rating on the basic materials company’s stock.

NEM has been the topic of a number of other reports. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Citigroup upped their price objective on shares of Newmont from $118.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada lifted their target price on shares of Newmont from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Canaccord Genuity Group boosted their target price on Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, BMO Capital Markets reduced their target price on Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of “Buy” and an average target price of $134.10.

Newmont Trading Down 3.5%

Shares of Newmont stock opened at $95.74 on Friday. The company has a market capitalization of $104.16 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.74 and a beta of 0.39. The stock has a fifty day simple moving average of $118.43 and a 200 day simple moving average of $99.73. Newmont has a 12-month low of $42.93 and a 12-month high of $134.88. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Newmont will post 3.45 earnings per share for the current fiscal year.

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be given a $0.26 dividend. This is a positive change from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 3rd. Newmont’s payout ratio is presently 16.28%.

Insider Transactions at Newmont

In other news, insider David James Fry sold 18,394 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the completion of the sale, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $108.00, for a total transaction of $324,000.00. Following the completion of the sale, the executive vice president directly owned 55,315 shares in the company, valued at $5,974,020. This trade represents a 5.14% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is owned by insiders.

Institutional Trading of Newmont

Large investors have recently bought and sold shares of the company. Estate Counselors LLC purchased a new position in shares of Newmont in the third quarter valued at $4,182,000. AustralianSuper Pty Ltd lifted its holdings in Newmont by 124.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock worth $27,843,000 after purchasing an additional 183,360 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Newmont by 286.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock worth $5,101,000 after purchasing an additional 44,846 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in 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 purchasing an additional 2,723,044 shares during the period. Finally, Live Oak Investment Partners bought a new position in Newmont in the 3rd quarter worth about $2,232,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported strong quarterly results and recently raised its quarterly dividend, underpinning cash flow and income appeal for long‑term investors.
• Positive Sentiment: Scotiabank maintained a “sector outperform” view on NEM (small trim to its price target), leaving a large implied upside from current levels — a sign some sell‑side support remains. Read More.
• Neutral Sentiment: Analyst coverage remains tilted positive overall (consensus rating = Buy and a high average price target), which could limit downside if bullion stabilizes.
• Neutral Sentiment: Company disclosures include routine 10b5‑1 sales by executives (planned program) — typically pre‑arranged and not an immediate operational red flag. Read More.
• Negative Sentiment: Macro fears that the Fed may delay rate cuts amid sticky inflation and higher oil prices have driven gold and silver lower; miners like Newmont are highly sensitive to bullion moves, pressuring the share price. Read More.
• Negative Sentiment: Rising fuel costs and weaker gold prices are being cited as squeezing miners’ margins and raising concerns about 2026 cost/volume outlook — a direct headwind to near‑term earnings expectations. Read More.
• Negative Sentiment: Recent open‑market insider selling (David James Fry sold ~18,394 shares, disclosed via SEC Form 4) has amplified negative sentiment during a broader sector pullback. Read More.
• Negative Sentiment: Multiple market write‑ups flagged sharp intraday declines after the Fed’s signal and weaker bullion; momentum selling in the sector has exacerbated Newmont’s drop. Read More.

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.