Citigroup Issues Positive Forecast for Newmont (NYSE:NEM) Stock Price

by · The Cerbat Gem

Newmont (NYSE:NEM – Get Free Report) had its price objective hoisted by stock analysts at Citigroup from $118.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target would suggest a potential upside of 27.13% from the stock’s previous close.

A number of other analysts have also recently issued reports on NEM. BNP Paribas Exane upped their target price on Newmont from $97.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. The Goldman Sachs Group increased their price objective on Newmont from $99.90 to $123.90 and gave the company a “buy” rating in a report on Monday, January 12th. Scotiabank raised their target price on shares of Newmont from $114.00 to $152.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Argus upped their price target on shares of Newmont from $75.00 to $94.00 in a research report on Friday, November 21st. Finally, Canaccord Genuity Group increased their price target on shares of Newmont from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.15.

View Our Latest Stock Report on Newmont

Newmont Stock Down 8.3%

NEM stock traded down $10.74 during trading on Tuesday, hitting $117.99. 7,709,150 shares of the company’s stock were exchanged, compared to its average volume of 9,980,442. The business has a 50-day moving average price of $116.26 and a two-hundred day moving average price of $95.77. The company has a current ratio of 2.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $128.36 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.08 and a beta of 0.39. Newmont has a 52-week low of $41.93 and a 52-week high of $134.88.

Newmont (NYSE:NEM – Get Free Report) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, equities research analysts expect that Newmont will post 3.45 EPS for the current year.

Institutional Trading of Newmont

Institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC acquired a new stake in shares of Newmont during the 4th quarter valued at approximately $25,000. Physician Wealth Advisors Inc. grew its holdings in shares of 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 acquiring an additional 236 shares during the period. Swiss RE Ltd. purchased a new position in Newmont in the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its stake in Newmont by 312.1% in the 4th 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 in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Newmont in the third quarter valued at $27,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

  • Positive Sentiment: Strong fundamentals — Newmont reported a large Q4 EPS beat, record free cash flow for 2025 and raised its quarterly dividend, which underpin longer‑term investor support. Earnings Release
  • Positive Sentiment: Sector tailwind from safe‑haven flows: rising geopolitical risk has pushed capital into gold and top miners like Newmont, amplifying gains during rallies. Marketbeat: Markets Seek Shelter
  • Positive Sentiment: Analyst support — recent upgrade(s) and bullish price targets (e.g., Bernstein upgrade) provide upside bias for investors focused on medium-term fundamentals. Bernstein Upgrade
  • Neutral Sentiment: Heavy options activity: unusually large call buying was recorded, signaling speculative or hedged bullish positioning that can increase intraday volatility rather than indicate direction. (Internal options data entry)
  • Neutral Sentiment: Valuation debate: coverage is mixed — some pieces highlight strong momentum and fundamentals, others question whether recent gains fully price in risk, keeping sentiment split. Yahoo: Valuation Discussion
  • Negative Sentiment: Gold pullback and profit-taking: a sharp retreat in gold prices triggered sector-wide selling and short-term liquidation of gains; miners with strong prior rallies (like NEM) are especially sensitive. QuiverQuant: Gold Pullback
  • Negative Sentiment: Flow and corporate-selling noise: Quiver reports recent insider sales and large institutional rebalances (significant Q4 reductions by some big holders) that can accentuate downward pressure when combined with metal weakness. QuiverQuant: Insider & Institutional Activity
  • Negative Sentiment: Mixed analyst targets: alongside upgrades, a few firms have cut targets (e.g., CIBC lowered its target), which can weigh on sentiment for value‑focused investors. CIBC Price Target Cut

About Newmont

(Get Free Report)

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.

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