Newmont Stock Price Rises 1.6%, Analysts Bullish

Newmont Corporation (NYSE:NEM) shares jump as analysts upgrade price targets

Published on Mar. 10, 2026

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Shares of Newmont Corporation (NYSE:NEM), a leading global gold mining company, rose 1.6% during trading on Tuesday, reaching as high as $120.34. The stock's rise comes as several analysts have recently upgraded their price targets for Newmont, with the average target now at $134.15.

Why it matters

Newmont's stock performance and analyst sentiment are closely watched by investors in the gold mining industry. The company's ability to maintain profitability and grow its business is seen as an indicator of the overall health of the gold mining sector.

The details

Newmont's share price increase was driven by a 21% decline in trading volume compared to the average session, along with a series of recent analyst upgrades. Scotiabank boosted its target price from $114 to $152, while Citigroup raised its target from $118 to $150. Several other analysts also upgraded their ratings and price targets for Newmont.

  • Newmont's shares closed at $116.96 on the previous trading day.
  • The company's latest earnings report was released on February 19, 2026.

The players

Newmont Corporation

A leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties.

Scotiabank

A Canadian multinational bank that recently boosted its price target for Newmont.

Citigroup

A major American multinational investment bank that increased its price target for Newmont.

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What they’re saying

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What’s next

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The takeaway

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