Newmont Stock Price Target Raised to $150 by Canaccord Genuity

Analysts boost price target on gold mining company amid strong market conditions.

Apr. 18, 2026 at 1:35pm

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An extreme close-up of heavy, industrial gold mining machinery and equipment, including ore crushers, conveyor belts, and extraction devices, all in shades of metallic grey, bronze, and gold, conveying the scale and physical process of gold production.Newmont's industrial gold mining operations continue to drive strong financial performance amid a favorable market environment.Greenwood Village Today

Investment firm Canaccord Genuity Group has increased its price target for shares of Newmont Corporation (NYSE: NEM), a leading global gold mining company, from $140 to $150 per share. Canaccord maintained its 'buy' rating on Newmont, citing the company's strong performance and positive market outlook for the gold mining industry.

Why it matters

Newmont is one of the world's largest gold producers, with a portfolio of long-lived mines and development projects. The increase in Canaccord's price target reflects analysts' confidence in Newmont's ability to capitalize on favorable gold market conditions and generate strong financial results for investors.

The details

In a research report, Canaccord Genuity analysts raised their price target on Newmont from $140 to $150 per share, representing a potential upside of nearly 29% from the stock's current trading price. The firm cited Newmont's operational performance and positive industry trends as the key drivers behind the increased target.

  • Canaccord Genuity released its updated research report on Newmont on April 18, 2026.

The players

Newmont Corporation

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

Canaccord Genuity Group

An investment firm that provides research coverage and price targets for Newmont and other mining companies.

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What’s next

Investors will be closely watching Newmont's upcoming financial results and any further updates from analysts on the company's outlook.

The takeaway

The increase in Canaccord's price target for Newmont reflects the firm's confidence in the gold miner's ability to capitalize on favorable market conditions and deliver strong returns for shareholders.