Newmont (NYSE:NEM) Share Price Crosses Above Two Hundred Day Moving Average After Analyst Downgrade

Newmont Corporation (NYSE:NEM) shares passed above its two hundred day moving average during trading on Tuesday after TD Cowen raised their price target on the stock from $127.00 to $133.00. The stock has a two hundred day moving average of $112.47 and traded as high as $113.01. TD Cowen currently has a buy rating on the stock. Newmont shares last traded at $112.6910, with a volume of 4,685,230 shares changing hands.

Several other research firms have also weighed in on NEM. TD Securities upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group lowered their price objective on shares of Newmont from $127.50 to $119.00 in a research report on Thursday, October 8th. Royal Bank Of Canada boosted their target price on Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Scotiabank increased their price objective on shares of Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Argus set a $110.00 target price on Newmont and gave the company a “buy” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the sale, the executive vice president owned 34,315 shares of the company’s stock, valued at approximately $3,939,705.15. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the transaction, the chief financial officer owned 29,324 shares in the company, valued at $3,081,659.16. This trade represents a 28.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,973 shares of company stock valued at $3,927,169 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s shares gained in European trading, indicating continued market interest and momentum in the stock. Newmont Corp stock gains 3.30 percent above its Xetra close
• Positive Sentiment: Scotiabank maintained a “sector outperform” rating and still sees substantial upside, despite trimming its price target modestly to $148 from $149. The bullish rating supports the view that Newmont’s production recovery and gold exposure remain attractive. Scotiabank Newmont price target
• Neutral Sentiment: Recent coverage describes Newmont as emerging from a production trough, while cautioning that gold prices have retreated from their highs. The improving production outlook is supportive, but weaker commodity prices could limit earnings momentum. Newmont emerging from production trough
• Neutral Sentiment: Newmont is attracting elevated investor and retail-investor attention, which may increase trading activity but does not by itself change the company’s fundamentals. Newmont attracting investor attention
• Negative Sentiment: Analysts highlighted inflation, higher energy prices and Ghana’s increased royalty burden as ongoing cost pressures. Although Nevada’s net asset value is improving, these expenses could weigh on 2027 margins. Longer-term projects such as Fourmile and the Red Chris Block Cave upgrade provide potential cost and production benefits after 2030. Newmont Nevada NAV climbs but cost creep continues
• Negative Sentiment: Macquarie lowered its price target to $128 from $134, while Morgans Financial downgraded the shares to “accumulate” and reset its Australian-dollar target. These revisions signal more cautious expectations, even though targets remain above the current trading level. Macquarie adjusts Newmont price target

Institutional Trading of Newmont

A number of institutional investors have recently bought and sold shares of NEM. BlackRock Inc. acquired a new stake in Newmont during the second quarter worth approximately $11,289,753,000. State Street Corp raised its holdings in Newmont by 3.1% in the 2nd quarter. State Street Corp now owns 52,396,702 shares of the basic materials company’s stock valued at $4,893,852,000 after acquiring an additional 1,565,716 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Newmont by 5.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,237,940 shares of the basic materials company’s stock valued at $1,324,757,000 after acquiring an additional 615,461 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Newmont by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,359,524 shares of the basic materials company’s stock valued at $1,012,792,000 after acquiring an additional 184,586 shares during the period. Finally, Amundi lifted its position in shares of Newmont by 4.4% during the 1st quarter. Amundi now owns 8,780,775 shares of the basic materials company’s stock valued at $950,519,000 after acquiring an additional 372,415 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont Trading Up 2.1%

The firm has a fifty day moving average price of $121.36 and a 200-day moving average price of $112.47.

Newmont (NYSE:NEM) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts anticipate that Newmont Corporation will post 9.11 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.