UBS Reiterates Buy Rating on Newmont Corporation
UBS analyst Daniel Major maintains a buy rating on Newmont Corporation with a price target of $120, a 28.48% upside from the current price.
Key Points
- UBS analyst Daniel Major reiterated a buy rating on Newmont Corporation with a price target of $120 on June 30, 2026.
- UBS's $120 price target implies 28.48% upside from Newmont Corporation's ($NEM) current $93.40 share price.
- Shares of Newmont traded at $94.51 on Tuesday, with a market cap of $102.6 billion and a P/E ratio of 12.47.
- Insiders at Newmont have been active, with recent planned sales by executives and open-market buys by other insiders.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, UBS analyst Daniel Major reiterated his buy rating for Newmont Corporation (NYSE: NEM), setting a price target of $120. Shares of Newmont traded at $94.51 on Tuesday.
UBS vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Newmont Corporation Stock Down 27.0%
Shares of NYSE:NEM traded near $94.51 on Tuesday. Newmont Corporation, a leading gold producer, has a market cap of approximately $102.6 billion. The company trades with a price-to-earnings (P/E) ratio of 12.47 and a forward P/E of 8.47. Its stock has seen a 52-week low of $55.37 and a high of $134.88. The 50-day moving average is $108.07, while the 200-day moving average stands at $103.02. Newmont's current ratio is 2.44, and it has a quick ratio of 1.89, with a debt-to-equity ratio of 15.76.
$NEM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Newmont reported revenue of $24.97 billion, with a growth rate of 45.8%. The company's earnings per share (EPS) stand at $7.71, with a net margin of 33.87% and a return on equity (ROE) of 25.83%. The next earnings report is scheduled for July 23, 2026.
Dividend
Newmont pays an annual dividend rate of $1.04, yielding 1.08%. The company's dividend payout ratio is 13.1%.
Insider Buying and Selling at Newmont Corporation
Recent insider transactions at Newmont include planned sales by EVP, Chief Sustainability & Development Officer Peter Toth and President & CEO Natascha Viljoen, both selling shares at an average price of $105.32 on June 1, 2026. Additionally, Interim Chief People Officer Deborah Leyva purchased shares on May 14, 2026, while Gregory Boyce, Rene Medori, and Maura Clark also made open-market buys on May 13, 2026.
Analysts Set New Price Targets
On June 30, 2026, UBS maintained its buy rating for Newmont with a $120 price target. Barclays initiated coverage with a buy rating and a $133 target on May 22, 2026. BMO Capital maintained a buy rating with a $145 target on April 24, 2026. CIBC also maintained a buy rating, setting a $176 target on April 21, 2026. The consensus among analysts is a buy rating, with a mean price target of $140.17 based on 21 analyst opinions.
About Newmont Corporation
Newmont Corporation is a major player in the gold mining industry, also exploring for copper, silver, lead, zinc, and other metals. Headquartered in Denver, Colorado, the company operates across several countries including the United States, Australia, and Ghana. Founded in 1916, Newmont employs about 17,500 people and is led by CEO Natascha Viljoen.
Bottom Line
UBS's reiteration of a buy rating on Newmont Corporation reflects confidence in the company's prospects. With a robust market position and a strong earnings profile, Newmont remains a significant player in the gold industry. Investors often watch such analyst ratings closely, though it's important to remember that these are backward-looking assessments and may not reflect future performance.
Get Newmont Corporation alerts
New 13F filings, insider trades, and analyst moves on $NEM, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.