The Goldman Sachs Group Lowers Newmont (NYSE:NEM) Price Target to $111.40

Newmont (NYSE:NEM) had its price target decreased by investment analysts at The Goldman Sachs Group from $122.50 to $111.40 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the basic materials company’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 17.50% from the company’s current price.

Several other analysts have also issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Newmont from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. BMO Capital Markets cut their price target on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. UBS Group decreased their price objective on shares of Newmont from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday. TD Securities restated a “hold” rating and issued a $129.00 target price on shares of Newmont in a research note on Monday, April 27th. Finally, Zacks Research raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.35.

Newmont Stock Up 1.5%

Shares of Newmont stock traded up $1.41 on Wednesday, hitting $94.81. The company had a trading volume of 909,548 shares, compared to its average volume of 9,386,153. The stock has a market capitalization of $101.21 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.57 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. Newmont has a 1 year low of $55.37 and a 1 year high of $134.88. The stock has a 50 day moving average of $107.10 and a 200-day moving average of $110.93.

Newmont (NYSE:NEM) last announced its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. Newmont’s revenue was up 45.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Newmont will post 9.91 earnings per share for the current year.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $315,960.00. Following the completion of the transaction, the executive vice president directly owned 46,315 shares of the company’s stock, valued at $4,877,895.80. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David John Thornton sold 2,296 shares of Newmont stock in a transaction on Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $252,812.56. Following the completion of the transaction, the insider owned 23,163 shares of the company’s stock, valued at approximately $2,550,477.93. This trade represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 25,556 shares of company stock valued at $2,781,006 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Apella Capital LLC increased its position in shares of Newmont by 4.1% during the fourth quarter. Apella Capital LLC now owns 2,198 shares of the basic materials company’s stock valued at $219,000 after buying an additional 86 shares during the period. New Wave Wealth Advisors LLC boosted its position in shares of Newmont by 1.3% in the fourth quarter. New Wave Wealth Advisors LLC now owns 6,849 shares of the basic materials company’s stock valued at $684,000 after acquiring an additional 88 shares during the period. Novem Group grew its stake in Newmont by 3.7% during the fourth quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 88 shares in the last quarter. Norden Group LLC grew its stake in Newmont by 0.7% during the fourth quarter. Norden Group LLC now owns 12,367 shares of the basic materials company’s stock valued at $1,235,000 after acquiring an additional 90 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Newmont by 1.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 96 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Analyst commentary remains constructive overall: Raymond James kept an Outperform rating and UBS kept a Buy rating on Newmont, even though both trimmed price targets. The lowered targets still imply meaningful upside from current levels. Article Title Article Title
• Positive Sentiment: Newmont’s liquidity, cash flow generation, and debt reduction were highlighted as supportive of growth projects and shareholder returns, which may help investor confidence over time. Article Title
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for upside in NEM, which can be a bullish sentiment signal. Article Title
• Neutral Sentiment: Several articles framed Newmont as a closely watched stock and discussed its relationship to gold-sector momentum, but these items were mostly broad commentary rather than company-specific catalysts. Article Title Article Title
• Negative Sentiment: Newmont traded lower as the broader market rose, reflecting near-term weakness and suggesting investors are rotating away from the name despite supportive long-term fundamentals. Article Title
• Negative Sentiment: Raymond James and UBS both cut their price targets on Newmont, which can weigh on sentiment even though both firms remain bullish on the stock. Article Title Article Title
• Negative Sentiment: Coverage noted that gold’s 2026 rally has cooled, which is relevant because Newmont’s earnings and valuation are highly tied to gold prices and mining-sector sentiment. Article Title

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.