Newmont (NYSE:NEM) Upgraded to “Strong-Buy” at TD Securities

TD Securities upgraded shares of Newmont (NYSE:NEM) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Argus upped their price target on shares of Newmont from $94.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings lowered Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. TD Cowen reissued a “buy” rating on shares of Newmont in a report on Monday, April 27th. Macquarie Infrastructure decreased their price objective on Newmont from $133.00 to $123.00 and set an “outperform” rating for the company in a report on Monday, June 15th. Finally, Wall Street Zen downgraded Newmont from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $136.64.

Newmont Stock Up 1.7%

Shares of NEM stock opened at $94.69 on Tuesday. Newmont has a fifty-two week low of $55.37 and a fifty-two week high of $134.88. The firm has a market capitalization of $101.08 billion, a PE ratio of 12.28, a P/E/G ratio of 1.06 and a beta of 0.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44. The stock’s 50-day simple moving average is $103.70 and its 200-day simple moving average is $110.52.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 45.8% compared to the same quarter last year. Equities analysts expect that Newmont will post 9.32 earnings per share for the current year.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Newmont’s payout ratio is presently 13.49%.

Insider Activity

In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the sale, the executive vice president directly owned 43,315 shares of the company’s stock, valued at $4,001,439.70. This represents a 6.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $1,473,051.58. Following the sale, the executive vice president owned 67,865 shares in the company, valued at $7,472,615.15. This trade represents a 16.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last ninety days, insiders have sold 28,556 shares of company stock worth $3,058,146. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Newmont

Hedge funds have recently bought and sold shares of the business. Accel Wealth Management grew its holdings in Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after purchasing an additional 115 shares during the period. Tema ETFs LLC increased its position in shares of Newmont by 10.1% in the second quarter. Tema ETFs LLC now owns 19,015 shares of the basic materials company’s stock valued at $1,776,000 after buying an additional 1,740 shares in the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Newmont by 4.5% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 37,498 shares of the basic materials company’s stock worth $3,502,000 after buying an additional 1,600 shares during the period. Fulcrum Equity Management raised its stake in shares of Newmont by 30.1% during the 2nd quarter. Fulcrum Equity Management now owns 2,599 shares of the basic materials company’s stock worth $243,000 after buying an additional 601 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Newmont during the 2nd quarter valued at approximately $381,000. Hedge funds and other 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: TD upgraded Newmont from hold to buy and set a $127 price target, signaling improved confidence in the stock’s outlook. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its target on Newmont to $147 from $151 but kept a sector outperform rating, so the call remains constructive despite a smaller valuation view. Benzinga
• Neutral Sentiment: National Bank Financial cut its price target to $125 from $140 and maintained a sector perform rating, reflecting a more cautious stance on upside. BayStreet.CA analyst ratings
• Negative Sentiment: A Zacks article warned that Newmont may face higher 2026 unit costs due to lower production, royalties, sustaining capital and inventory changes, which could pressure margins. Zacks margin outlook article

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.