Newmont Corporation's stock rose by 3.02%, reaching a 20-day high, despite the broader market's decline with the Nasdaq-100 down 0.77% and the S&P 500 down 0.31%.
This increase is attributed to sector rotation, as investors are shifting their focus towards gold mining stocks amid rising gold prices and strong production figures. The gold mining sector has shown resilience, with companies like Newmont benefiting from favorable market conditions, including geopolitical uncertainties that have driven gold prices higher.
The implications of this movement suggest that Newmont Corporation is well-positioned to capitalize on the current market dynamics, reflecting strong operational performance and a favorable outlook for gold prices in the near term.
Wall Street analysts forecast NEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEM is 110.85 USD with a low forecast of 89.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast NEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEM is 110.85 USD with a low forecast of 89.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 125.920
Low
89.00
Averages
110.85
High
125.00
Current: 125.920
Low
89.00
Averages
110.85
High
125.00
Scotiabank
Outperform
upgrade
$114 -> $152
2026-01-26
New
Reason
Scotiabank
Price Target
$114 -> $152
AI Analysis
2026-01-26
New
upgrade
Outperform
Reason
Scotiabank raised the firm's price target on Newmont to $152 from $114 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
BofA
Buy
upgrade
$114 -> $129
2026-01-19
Reason
BofA
Price Target
$114 -> $129
2026-01-19
upgrade
Buy
Reason
BofA raised the firm's price target on Newmont to $129 from $114 and keeps a Buy rating on the shares. The firm raise increased targets across the North American precious metals group. Many of the macro drivers that pushed gold prices higher "have intensified," the analyst tells investors in a research note. BofA expects company capital returns in Q4 to be strong.
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Raymond James
NULL
to
Outperform
maintain
$99 -> $111
2025-12-29
Reason
Raymond James
Price Target
$99 -> $111
2025-12-29
maintain
NULL
to
Outperform
Reason
Raymond James raised the firm's price target on Newmont to $111 from $99 and keeps an Outperform rating on the shares after having updated forecasts for Q4 gold prices.
Deutsche Bank
Hold
downgrade
2025-12-17
Reason
Deutsche Bank
Price Target
2025-12-17
downgrade
Hold
Reason
Deutsche Bank lowered the firm's price target on Nemetschek to EUR 110 from EUR 115 and keeps a Hold rating on the shares.
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
