Newmont Corporation (NYSE:NEM) Receives $134.15 Average Price Target from Brokerages

16 Mar 2026, 07:14 by Kim Johansen · The Markets Daily

Newmont Corporation (NYSE:NEM – Get Free Report) has been given an average recommendation of “Buy” by the twenty-two ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $134.1526.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Newmont from $158.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Macquarie Infrastructure increased their price objective on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Canaccord Genuity Group lifted their target price on shares of Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $121.00 to $157.00 in a research note on Friday, February 27th. Finally, BMO Capital Markets reduced their price target on shares of Newmont from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, February 20th.

Get Our Latest Research Report on Newmont

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Record free-cash-flow print and outlook — Newmont reported a record $7.3 billion of free cash flow in 2025 and management expects continued strong cash generation as high gold prices support margins; this underpins valuations and buyback/dividend capacity. Can Newmont Continue Its Strong Free Cash Flow Momentum?
Positive Sentiment: Analyst backing — Consensus analyst coverage remains constructive (consensus “Buy”), which supports demand for the stock amid volatility. Newmont Receives Consensus Recommendation of “Buy”
Positive Sentiment: Safe-haven narrative — Multiple industry write-ups highlight Newmont as a core gold-mining play as Iran tensions lift safe-haven demand for gold, which can support NEM over time if bullion stays elevated. 3 Gold Stocks to Watch as the Iran Conflict Drives Safe-Haven Demand
Positive Sentiment: Long-term bull case highlighted — Analyst pieces argue NEM remains a buy after a large rally, citing strong cash flow, high-return assets and projects that could sustain upside. That narrative can attract dip buyers. Is Newmont Stock a Screaming Buy After a 155% Rally in a Year?
Neutral Sentiment: Royalty/asset monetization at Saddle North — A Summit Royalties NSR deal on Newmont’s Saddle North reflects evolving project economics and monetization options; could be neutral-to-moderately positive depending on terms and proceeds. Summit Royalties clinches NSR deal on Newmont’s Saddle North
Negative Sentiment: Sector pressure from geopolitical shock — The metals & mining ETF has fallen since the Iran conflict began as higher oil costs and fears of a growth slowdown weigh on metals demand; that sector pressure is a headwind for miners’ sentiment. This Surprising Sector Has Slid During the Iran War
Negative Sentiment: Macro data and inflation gauge move — Revised GDP figures and a rise in the Fed’s preferred inflation gauge triggered risk-off movement that Benzinga cites as a proximate reason shares slid on Friday; investors are trimming positions into macro uncertainty. Why Newmont Shares Are Sliding On Friday
Negative Sentiment: Recent intraday weakness / profit-taking — Coverage of recent sessions notes NEM dipping more than the broader market, consistent with volatile profit-taking after a large run-up; this magnifies pullbacks when macro headlines turn negative. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

Newmont Trading Down 4.3%

NEM stock opened at $109.54 on Friday. The company’s 50-day simple moving average is $118.73 and its 200-day simple moving average is $98.69. 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 has a 52-week low of $42.93 and a 52-week high of $134.88. The firm has a market cap of $119.16 billion, a P/E ratio of 17.14, a PEG ratio of 0.85 and a beta of 0.39.

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

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is an increase from Newmont’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. Newmont’s payout ratio is currently 16.28%.

Hedge Funds Weigh In On Newmont

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 1,847 shares during the last quarter. Woodline Partners LP grew its stake in Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Newmont in the 2nd quarter valued at about $240,000. Allworth Financial LP lifted its stake in Newmont by 100.3% in the 2nd quarter. Allworth Financial LP now owns 12,090 shares of the basic materials company’s stock worth $704,000 after purchasing an additional 6,053 shares in the last quarter. Finally, Nwam LLC lifted its stake in Newmont by 8.9% in the 2nd quarter. Nwam LLC now owns 6,501 shares of the basic materials company’s stock worth $405,000 after purchasing an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Newmont Company Profile

(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.