Newmont (NYSE:NEM) Given New $150.00 Price Target at Citigroup

Newmont (NYSE:NEM) had its price target upped by Citigroup from $118.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target indicates a potential upside of 27.13% from the company’s current price.

A number of other brokerages have also issued reports on NEM. Scotiabank increased their target price on Newmont from $114.00 to $152.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Macquarie Infrastructure upped their price objective on shares of Newmont from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. TD Cowen increased their price objective on shares of Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Argus boosted their target price on shares of Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. Finally, Stifel Nicolaus upped their price target on shares of Newmont from $120.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.15.

Newmont Stock Performance

NEM stock traded down $10.74 during midday trading on Tuesday, hitting $117.99. 7,709,150 shares of the stock traded hands, compared to its average volume of 9,980,442. The stock’s fifty day simple moving average is $116.26 and its 200-day simple moving average is $95.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.02. Newmont has a 1-year low of $41.93 and a 1-year high of $134.88. The firm has a market cap of $128.36 billion, a P/E ratio of 18.46, a PEG ratio of 1.08 and a beta of 0.39.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company 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 firm posted $1.40 EPS. Newmont’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, analysts expect that Newmont will post 3.45 earnings per share for the current year.

Institutional Trading of Newmont

Several large investors have recently added to or reduced their stakes in NEM. GoalVest Advisory LLC acquired a new position in Newmont in the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Newmont by 327.8% during the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock worth $26,000 after buying an additional 236 shares during the period. Swiss RE Ltd. purchased a new stake in Newmont during the 4th quarter worth about $26,000. Cornerstone Planning Group LLC grew its position in shares of Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after buying 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 approximately $27,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Newmont News

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

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.