Newmont (NYSE:NEM) Rating Lowered to Hold at Zacks Research

Posted by Alphonse Anthony on Jul 16th, 2026

Newmont (NYSE:NEM – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on NEM. TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group dropped their price objective on shares of Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, July 6th. BMO Capital Markets cut their price objective on shares of Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Argus increased their target price on shares of Newmont from $94.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, BNP Paribas Exane lowered their target price on shares of Newmont from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.26.

Read Our Latest Report on NEM

Newmont Stock Performance

NYSE:NEM opened at $95.18 on Tuesday. The stock has a 50 day simple moving average of $103.30 and a 200 day simple moving average of $110.45. The stock has a market cap of $101.61 billion, a P/E ratio of 12.35, a PEG ratio of 1.08 and a beta of 0.46. Newmont has a 1-year low of $56.73 and a 1-year high of $134.88. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.83. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Research analysts anticipate that Newmont will post 9.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Natascha Viljoen sold 3,882 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the transaction, the chief executive officer owned 142,999 shares of the company’s stock, valued at approximately $15,060,654.68. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. The trade was 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. Insiders sold a total of 28,556 shares of company stock worth $3,058,146 in the last ninety days. Insiders own 0.06% of the company’s stock.

Institutional Trading of Newmont

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its position in Newmont by 64.6% in the fourth quarter. CWM LLC now owns 202,892 shares of the basic materials company’s stock worth $20,259,000 after purchasing an additional 79,617 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Newmont by 24.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 280,920 shares of the basic materials company’s stock valued at $30,775,000 after purchasing an additional 54,530 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Newmont during the 4th quarter worth $9,018,000. ARS Investment Partners LLC raised its stake in shares of Newmont by 3.6% during the 4th quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after purchasing an additional 23,900 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in shares of Newmont by 67.0% in the 4th quarter. Ritholtz Wealth Management now owns 40,754 shares of the basic materials company’s stock worth $4,069,000 after buying an additional 16,352 shares during the last quarter. 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: Analyst sentiment remains broadly favorable, with consensus still at Buy despite some recent target cuts. Newmont Corporation (NYSE:NEM) Given Consensus Rating of “Buy” by Analysts
Positive Sentiment: TD Securities upgraded Newmont to strong-buy, reinforcing the case that the selloff has made the stock more attractive. Newmont was upgraded by TD Securities from “hold” to “strong-buy”
Positive Sentiment: TD Cowen also raised Newmont to buy, citing attractive valuation after the pullback. Newmont jumps as TD Cowen raises to buy on attractive valuation after pullback
Neutral Sentiment: Newmont is expected to report quarterly earnings on Thursday, and traders may be waiting for guidance on margins, production and gold-price sensitivity. Newmont (NEM) Expected to Announce Quarterly Earnings on Thursday
Neutral Sentiment: Recent commentary says Newmont’s long-term case is supported by growth projects, strong cash flow and buybacks, even though the stock has fallen about 16% over three months. Newmont Stock Slides 16% in 3 Months: Here’s How to Play the Stock
Negative Sentiment: Newmont was downgraded by Zacks Research to hold, adding to short-term caution around the stock. Newmont was downgraded by Zacks Research from strong-buy to hold
Negative Sentiment: Management has flagged higher 2026 unit costs, which could pressure margins if production stays lower and costs keep rising. Can Newmont Protect Margins Amid Higher Unit Costs in 2026?

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.