Newmont Shares Rise 1.5% Amid Analyst Optimism

Wall Street analysts forecast continued growth for the mining giant

Apr. 7, 2026 at 9:37pm

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An extreme close-up of rugged, industrial gold mining machinery and equipment, conveying the physical, tangible nature of Newmont's business.Newmont's industrial mining operations and equipment are the backbone of its global gold production.Greenwood Village Today

Shares of Newmont Corporation (NYSE:NEM) rose 1.5% on Tuesday, trading as high as $114.68. The stock's increase comes as several Wall Street analysts have raised their price targets and maintained buy ratings on the company, citing its strong financial performance and growth prospects.

Why it matters

Newmont is one of the world's largest gold mining companies, and its stock performance is closely watched by investors in the precious metals sector. The positive analyst sentiment suggests that Newmont's business fundamentals remain strong, which could signal continued growth and shareholder returns.

The details

The Goldman Sachs Group increased its target price on Newmont shares from $99.90 to $123.90 and maintained a buy rating. Scotiabank lowered its price target from $152.00 to $151.00 but kept a sector outperform rating. Royal Bank of Canada raised its price target from $120.00 to $125.00 and reiterated an outperform rating. Overall, the company has an average rating of 'Moderate Buy' from analysts, with a consensus target price of $133.78.

  • Newmont shares closed at $112.83 on the previous trading day.
  • The stock traded as high as $114.68 on Tuesday.

The players

Newmont Corporation

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

The Goldman Sachs Group

A multinational investment bank and financial services company that increased its price target for Newmont shares.

Scotiabank

A Canadian multinational bank that lowered its price target for Newmont shares but maintained a sector outperform rating.

Royal Bank of Canada

A Canadian multinational financial services company that raised its price target for Newmont shares and reiterated an outperform rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

What’s next

Investors will be closely watching Newmont's upcoming quarterly earnings report, expected in the coming weeks, for further insight into the company's financial performance and growth outlook.

The takeaway

Newmont's stock price increase and positive analyst sentiment reflect the company's strong position in the gold mining industry. As a leading global producer, Newmont's continued success could signal broader trends in the precious metals market.