22 stories mentioning NEMUpdated 20d ago
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Newmont (NEM) has an average rating of overweight and mean price target of $135.63, according to analysts polled by FactSet.Price: $132.29, Change: $+0.70, Percent Change: +0.54%
StrikePoint Gold said late Tuesday it has agreed to buy the Northumberland Gold Project in Nevada's Walker Lane from units of Newmont (NEM) for $70 million in upfront cash.StrikePoint said it will also make two more contingent cash payments of $25 million each, the first within 120 days after completion of a feasibility study and the second within 120 days after reaching commercial production milestones at the project.Price: $124.71, Change: $+8.73, Percent Change: +7.53%
Newmont's (NEM) agreement with Barrick Mining (B) to resolve the Nevada Gold Mines dispute is positive for Newmont, removing an overhang and supporting its ability to return cash to shareholders, UBS Securities said in a note Tuesday.The analysts said Newmont ended Q2 with $3.4 billion of net cash, above its $1 billion to $3 billion target range. After the $1.95 billion payment, net cash would fall to around $1.5 billion, still within its target range.The analysts estimate Newmont could return more than $3 billion through buybacks and dividends in H2, bringing total 2026 cash returns to more than $7 billion while remaining within its target cash range.The agreement also provides potential long-term growth from Barrick's Fourmile project, which UBS estimates could produce 600,000 to 750,000 ounces annually beginning in the early 2030s, with about 275,000 ounces attributable to Newmont.The litigation between Newmont and Barrick over management of Nevada Gold Mines had weighed on sentiment toward both companies, and that resolving the disputes could lay the groundwork for a more constructive partnership, according to the note.UBS has a buy rating and $120 price target on Newmont.Price: $116.72, Change: $-0.54, Percent Change: -0.46%
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% lower.Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $85.13 per barrel and US West Texas Intermediate crude 2% higher at $79.72 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) shares rose 1.3% after Reuters reported that retail investors sold shares for the first time last Friday since the June IPO. Meta Platforms (META) stock was up 1.9% after Chief Executive Mark Zuckerberg called for lower US regulatory barriers for open-weight artificial intelligence models to help American companies compete with Chinese rivals.Newmont (NEM) shares were 2.5% higher, while Barrick Mining (B) stock fell 6.2%, after the two companies said they agreed to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, to the Nevada Gold Mines joint venture, in an agreement wherein Newmont will pay Barrick $1.95 billion for the contribution of the properties.On the losing side, Intel (INTC) shares dropped 4.1% after the company said it is offering $15 billion of common stock in a public offering. Cloudflare (NET) stock was 1.8% lower after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.
Natascha Viljoen, Director, President & CEO, on August 05, 2026, sold 7,764 shares in Newmont (NEM) for $807,456. Following the Form 4 filing with the SEC, Viljoen has control over a total of 135,235 common shares of the company, with 135,235 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1164727/000199413126000008/xslF345X05/form4.xml
Newmont (NEM) has an average rating of overweight and mean price target of $135.16, according to analysts polled by FactSet.Price: $92.35, Change: $+3.15, Percent Change: +3.53%
Newmont (NEM) has an average rating of overweight and mean price target of $137.20, according to analysts polled by FactSet.
Newmont (NEM) has an average rating of overweight and mean price target of $138.93, according to analysts polled by FactSet.Price: $91.82, Change: $-3.25, Percent Change: -3.41%
Newmont (NEM) has an average rating of overweight and mean price target of $144.68, according to analysts polled by FactSet.Price: $97.79, Change: $-4.01, Percent Change: -3.94%
Natascha Viljoen, Director, President & CEO, on June 01, 2026, sold 3,882 shares in Newmont (NEM) for $408,852. Following the Form 4 filing with the SEC, Viljoen has control over a total of 142,999 common shares of the company, with 142,999 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1164727/000199413126000006/xslF345X05/form4.xml
Peter Toth, Executive Vice President and Chief Sustainability and Development Officer, on May 01, 2026, sold 3,000 shares in Newmont (NEM) for $330,330. Following the Form 4 filing with the SEC, Toth has control over a total of 49,315 common shares of the company, with 49,315 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1164727/000193635426000012/xslF345X05/form4.xml
Peter Wexler, Executive Vice President, Chief Legal Officer & Interim CFO, on April 30, 2026, sold 13,378 shares in Newmont (NEM) for $1,473,052. Following the Form 4 filing with the SEC, Wexler has control over a total of 67,865 common shares of the company, with 67,865 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1164727/000201596826000004/xslF345X05/form4.xml
The Standard & Poor's 500 index rose 0.9% this week to another closing record high as the communication services sector led a broad climb amid better-than-expected earnings.The S&P 500 ended Friday's session at 7,230.12 and reached a fresh intraday high of 7,272.52.This marks the fifth consecutive weekly gain. On Thursday, the benchmark closed out April with a 10% jump that represented its largest monthly increase since November 2020. The index, which fell 5.1% in March, is now up 5.6% for 2026.Large companies including Amazon.com (AMZN), Google parent Alphabet (GOOGL), Microsoft (MSFT) and Exxon Mobil (XOM) reported stronger-than-expected quarterly results.The communication services sector had the largest percentage increase of the week, climbing 4.5%, followed by a 3.2% rise in energy, a 1.1% gain in consumer staples and a 1% advance in real estate. Financials, utilities, health care, consumer discretionary, industrials and technology also edged higher.Alphabet led the climb in communication services, with its shares jumping 12% on the week. Q1 results exceeded Wall Street's estimates as revenue for Google's cloud and services businesses climbed.Verizon Communications (VZ) also boosted the communication services sector. The shares rose 3.7% as the company raised its full-year earnings outlook and reported a Q1 profit above market estimates.The energy sector's advance came as crude oil futures remained elevated, with no end in sight for the U.S.-Iran conflict.Phillips 66 (PSX) rose 8.2% as the company swung to a Q1 adjusted profit per share after analysts had forecast a loss.Materials, the only sector that fell this week, shed 2%.Newmont (NEM) had the largest weekly loss in the materials sector with the shares down 10% even as Q1 adjusted earnings per share and revenue topped Wall Street estimates. The company said it is on track to achieve its 2026 production outlook of 5.3 million attributable gold ounces.Next week's earnings calendar features Advanced Micro Devices (AMD), Walt Disney (DIS), McDonald's (MCD), Arista Networks (ANET) and Palantir Technologies (PLTR).The focal point of the economic data calendar will be the government's release of monthly jobs data on Friday. Other data due next week include new home sales and construction spending for February and March, as well as the first reading of consumer sentiment for May.
Newmont (NEM) has an average rating of overweight and mean price target of $147.42, according to analysts polled by FactSet.Price: $107.23, Change: $-2.67, Percent Change: -2.43%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $3 to $153, assuming an EV/EBITDA of 7.0x our 2027 EBITDA estimate, above NEM's three-year average forward EV/EBITDA of 6.5x and above peers' 6.0x. We raise our 2026 EPS estimate by $1.67 to $10.31 and our 2027 EPS forecast by $2.09 to $12.89. Newmont remains on track to deliver its 2026 guidance of 5.3 million gold ounces, though management characterizes 2026 as a trough year due to planned mine sequencing at several operations. The company is well-positioned for production growth beginning in 2027, with a longer-term outlook of approximately 6 million ounces of gold and 150,000 tonnes of copper annually. Key growth drivers include completion of Tanami Expansion 2 (2H 2027), ongoing development of Cadia panel caves, and the Ahafo North ramp-up. NEM's world-class portfolio, coupled with robust free cash flow generation in a supportive gold price environment, supports sustained capital returns through its enhanced capital allocation framework.
Newmont (NEM) has an average rating of overweight and mean price target of $145.22, according to analysts polled by FactSet.Price: $118.68, Change: $+7.62, Percent Change: +6.86%
Newmont (NEM) has an average rating of overweight and mean price target of $145.22, according to analysts polled by FactSet.Price: $118.13, Change: $+7.07, Percent Change: +6.36%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Newmont reported Q1 adj. EPS of $2.90, beating consensus by $0.73 (33%) and up from $1.25 in Q1 2025, driven by a 66% surge in realized gold prices to $4,900/oz. Revenue rose 46% to $7.3B (11% above consensus) while adjusted EBITDA nearly doubled to $5.2B, despite attributable production declining 15% to 1.30M ounces due to planned mine sequencing. We believe the results demonstrate significant operating leverage in NEM's business model during elevated gold price environments, with price appreciation offsetting volume declines. Management reaffirmed 2026 production guidance of 5.3M ounces despite lower Q1 volumes, with production weighted 52% to the second half. The company completed its $6.0B share repurchase authorization and announced an additional $6.0B program, ending Q1 with $8.8B cash and a net cash position of $3.2B. We view the combination of a fortress balance sheet strength, disciplined capital allocation, and resumption of production growth beyond 2026 as supporting the long-term value proposition.
Newmont (NEM) has an average rating of overweight and mean price target of $144.35, according to analysts polled by FactSet.Price: $112.11, Change: $+2.81, Percent Change: +2.57%
Newmont (NEM) has an average rating of overweight and mean price target of $143.40, according to analysts polled by FactSet.Price: $117.14, Change: $+3.73, Percent Change: +3.29%
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