Wall Street Zen Upgrades Newmont to Buy Rating

Analysts cite strong performance and growth potential for the gold mining company.

Published on Mar. 8, 2026

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Wall Street Zen, a leading investment research firm, has upgraded Newmont Corporation (NYSE:NEM) from a "hold" rating to a "buy" rating in a new report. The upgrade comes as Newmont has seen its stock price rise significantly over the past year, driven by strong financial results and growth in its gold mining operations.

Why it matters

Newmont is one of the world's largest gold mining companies, with a portfolio of long-lived mines and development projects across the globe. The company's performance is closely watched by investors and analysts as an indicator of the overall health of the gold mining industry. Wall Street Zen's upgrade signals that the firm believes Newmont is well-positioned for continued growth and profitability.

The details

In its report, Wall Street Zen cited Newmont's strong operational and financial results as key factors behind the upgrade. The firm noted that Newmont has seen its revenue and earnings rise sharply over the past year, driven by higher gold prices and increased production. Wall Street Zen also pointed to Newmont's robust pipeline of development projects, which the firm believes will support the company's long-term growth.

  • Newmont's stock price has risen by over 40% in the past 12 months.
  • Wall Street Zen issued its upgrade report on Sunday, March 7, 2026.

The players

Newmont Corporation

A leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. Newmont operates a portfolio of long-lived mines and development projects around the world.

Wall Street Zen

A prominent investment research firm that provides analysis and recommendations on publicly traded companies.

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What they’re saying

“Newmont has demonstrated strong operational and financial performance over the past year, positioning the company for continued growth and success in the gold mining industry.”

— Wall Street Zen Analyst (Wall Street Zen)

What’s next

Investors will be closely watching Newmont's upcoming quarterly earnings report to see if the company can maintain its momentum and justify Wall Street Zen's upgraded rating.

The takeaway

Wall Street Zen's upgrade of Newmont to a "buy" rating underscores the company's strong positioning in the gold mining sector, with its robust operations, financial performance, and growth potential. This positive assessment from a leading investment research firm could help drive further investor interest in Newmont's stock.