<div id="readability-page-1"><p><span>Newmont (NYSE:NEM - Get Free Report)</span> had its target price increased by stock analysts at The Goldman Sachs Group  from $122.30 to $123.20 in a report released on Thursday,MarketScreener reports. The firm presently has a &#34;buy&#34; rating on the basic materials company's stock. The Goldman Sachs Group's price objective indicates a potential upside of 3.39% from the stock's previous close.</p><ul><li>Why It's Not Time to Give Up on the Gold Trade </li></ul><p>A number of other equities analysts have also commented on the stock. Bank of America lifted their price target on shares of Newmont from $134.00 to $151.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, February 26th. BMO Capital Markets cut their price objective on Newmont from $145.00 to $140.00 and set an &#34;outperform&#34; rating on the stock in a research note on Friday, February 20th. DZ Bank upgraded shares of Newmont to a &#34;strong-buy&#34; rating in a report on Monday, January 19th. TD Securities reduced their price objective on shares of Newmont from $120.00 to $118.00 and set a &#34;hold&#34; rating for the company in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their price target on shares of Newmont from $120.00 to $125.00 and gave the company an &#34;outperform&#34; rating in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned  a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $133.75.</p><p><b>Get Our Latest Report on Newmont</b></p><h2>Newmont Trading Up 0.9%</h2><ul><li>Markets Seek Shelter as Gold Shines Brightest</li></ul><p>Shares of NEM opened at $119.16 on Thursday. The business's fifty day moving average is $115.33 and its 200-day moving average is $102.26. The firm has a market cap of $128.69 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.88 and a beta of 0.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29. Newmont has a 52-week low of $48.27 and a 52-week high of $134.88. </p><p>Newmont (NYSE:NEM - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The basic materials company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.71. Newmont had a return on equity of 23.28% and a net margin of 31.25%.The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the prior year, the company earned $1.40 EPS. Newmont's revenue was up 20.6% compared to the same quarter last year.  Equities analysts anticipate that  Newmont will post 3.45 EPS for the current fiscal year. </p><h2>Insider Transactions at Newmont</h2><ul><li>3 Contrarian &#34;Buy the Dip&#34; Picks—and One Area to Avoid</li></ul><p>In other Newmont news, insider David James Fry sold 18,394 shares of the firm's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares in the company, valued at $1,911,033.15. This trade represents a 51.75% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total transaction of $339,270.00. Following the completion of the sale, the executive vice president directly owned 52,315 shares in the company, valued at approximately $5,916,303.35. The trade was a 5.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,394 shares of company stock worth $2,713,281 in the last three months. 0.05% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Newmont</h2><p>Several institutional investors and hedge funds have recently bought and sold shares of NEM. Brighton Jones LLC boosted its holdings in  Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after acquiring an additional 1,847 shares in the last quarter.  Woodline Partners LP lifted its stake in shares of  Newmont by 40.7% in the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company's stock valued at $4,644,000 after purchasing an additional 27,813 shares during the period.  Sivia Capital Partners LLC purchased a new position in shares of  Newmont during the second quarter valued at approximately $240,000.  CW Advisors LLC grew its stake in shares of  Newmont by 88.5% in the 2nd quarter. CW Advisors LLC now owns 8,032 shares of the basic materials company's stock worth $468,000 after buying an additional 3,771 shares during the last quarter.  Finally, Cresset Asset Management LLC raised its stake in  Newmont by 1.3% during the second quarter. Cresset Asset Management LLC now owns 19,464 shares of the basic materials company's stock valued at $1,134,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own  68.85% of the company's stock. </p><h2>About Newmont</h2> (Get Free Report)<p>Newmont Corporation <span>NYSE: NEM<span></span></span> is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company's core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.  </p><p>Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Newmont</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5FTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5FTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Newmont Right Now?</h2><p>Before you consider Newmont, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newmont wasn't on the list.</p><p>While Newmont currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>The Goldman Sachs Group has raised its price target for Newmont (NYSE:NEM) from $122.30 to $123.20, maintaining a "buy" rating. This new target suggests a potential upside of 3.39% from the previous close. Other analysts have also adjusted their ratings, with Bank of America increasing its target to $151.00 and BMO Capital Markets lowering it to $140.00. Newmont's stock has shown a 20.6% revenue increase year-over-year, with a reported EPS of $2.52, surpassing estimates. Insider trading activity has seen significant share sales recently.</p>

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Newmont (NYSE:NEM) Given New $123.20 Price Target at The Goldman Sachs Group