National Bank Downgrades Newmont (NEM) to “Sector Perform” Amid Rising Costs Tied to Higher Diesel Prices [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance
National Bank Downgrades Newmont (NEM) to “Sector Perform” Amid Rising Costs Tied to Higher Diesel Prices Gold bars. Photo by Zlatáky.cz on Pexels On April 16, 2026, Newmont Corporation (NYSE:NEM) saw National Bank downgrade its stock to “Sector Perform” from “Outperform” with a price target of $130 (-$10). The revised outlook reflects rising costs tied to higher diesel prices, alongside a new tax framework in Ghana and ongoing disruption at the Cadia mine. The firm also believes lower production at Boddington related to wildfires, scheduled downtime at Nevada Gold Mines, and higher operating costs in Ghana are expected to adversely impact Newmont's Q1 EBITDA. As of the National Bank update, Newmont Corporation (NYSE:NEM) has roughly 20% upside potential, with a $144 price target. Over 80% of covering analysts maintain bullish ratings on the stock. Cadia experienced a 4.5 magnitude earthquake near its site in New South Wales, prompting a pause in underground operations. New
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NEM
News
- This New War Can Take This Gold Mining ETF to New Highs Again [Yahoo! Finance]Yahoo! Finance
- Newmont (NEM) had its price target raised by Canaccord Genuity Group Inc. from $140.00 to $150.00. They now have a "buy" rating on the stock.MarketBeat
- Newmont (NEM) was downgraded by National Bank Financial from "strong-buy" to "hold".MarketBeat
- Fuerte Metals: On Track to Become Yukon's Next Gold Producer [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Does Persian Gulf Shock Expose a Deeper Volatility Challenge in Newmont's Gold Model (NEM)? [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 2/19/26 - Beat
NEM
Sec Filings
- 4/9/26 - Form 3
- 4/3/26 - Form 4
- 4/1/26 - Form 144
- NEM's page on the SEC website