Newmont's stock soars toward 7 1/2-year high after bullish call from analyst, gold price rallies [MarketWatch]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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newmont.com/investor-relations/default.aspx
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Source: MarketWatch
Shares of Newmont Corp. soared 11% toward a 7 1/2-year high in afternoon trading Thursday, after J.P. Morgan called the gold miner a "rare find" in an industry that can often struggle to replace reserves. Analyst Tyler Langton initiated coverage of Newmont with an overweight rating $61 stock price target, which is about 9% above current levels. "[Newmont] should generate strong free cash flows at current gold prices and still fund its healthy dividend (2.0% yield), sustaining [capital expenditures] and development capex even at $1,200/oz. gold (vs. $1,650 currently)," Langton wrote in a note to clients. Gold futures settled up 4.1% at a 7 1/2-year high, as the the U.S. dollar fell following the Federal Reserve's new lending plan. Newmont's stock, which is on track to close at the highest level since October 2012, has soared 34.6% over the past three months, while the VanEck Vectors Gold Miners ETF has gained 0.6%, gold futures have rallied 11.4% and the S&P 500 has lost 15.2%.
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News
- Barrick Mining's Gold Sales Drop Y/Y in Q3: Will It Rebound in Q4? [Yahoo! Finance]Yahoo! Finance
- Discovery Produces 66,718 Ounces of Gold in Fourth Quarter 2025 [Yahoo! Finance]Yahoo! Finance
- Newmont (NYSE:NEM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $99.90 to $123.90. They now have a "buy" rating on the stock.MarketBeat
- Newmont (NYSE:NEM) had its price target raised by analysts at Raymond James Financial, Inc. from $111.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
- Raymond James Touts Newmont Corporation (NEM) Low-Risk Gold Business Model, Hikes Price Target [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 10/23/25 - Beat
NEM
Sec Filings
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- NEM's page on the SEC website