<div id="readability-page-1"><p><span>Newmont (NYSE:NEM - Get Free Report)</span> had its price target lifted by research analysts at Raymond James Financial  from $111.00 to $130.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has an &#34;outperform&#34; rating on the basic materials company's stock. Raymond James Financial's price target would indicate a potential upside of 13.87% from the stock's current price.</p><ul><li>Can't Choose Between Silver and Gold? These ETFs Hold Both</li></ul><p>A number of other equities analysts also recently commented on the stock. National Bankshares boosted their price objective on shares of Newmont from $110.00 to $120.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, December 9th. Argus raised their target price on shares of Newmont from $75.00 to $94.00 in a research note on Friday, November 21st. BNP Paribas Exane lowered Newmont from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and set a $97.00 price target for the company. in a research report on Friday, December 5th. UBS Group increased their price target on shares of Newmont from $105.50 to $125.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, December 1st. Finally, The Goldman Sachs Group  set a $104.30 target price on shares of Newmont and gave the company a &#34;buy&#34; rating in a report on Sunday, October 12th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have issued  a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Newmont  has an average rating of &#34;Buy&#34; and an average target price of $99.35.</p><p><b>View Our Latest Stock Report on Newmont</b></p><h2>Newmont Stock Up 0.0%</h2><ul><li>3 Mining Companies to Fill Stockings With More Than Just Coal</li></ul><p>Shares of NEM traded up $0.02 during mid-day trading on Thursday, reaching $114.17. The company had a trading volume of 8,657,446 shares, compared to its average volume of 8,510,003. Newmont has a 52 week low of $40.85 and a 52 week high of $115.70. The firm has a 50-day moving average price of $96.33 and a 200 day moving average price of $81.90. The company has a market capitalization of $124.59 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.85 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. </p><p>Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.44. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The business had revenue of $5.52 billion for the quarter, compared to analysts' expectations of $5.14 billion. During the same quarter last year, the company posted $0.81 EPS. The company's revenue was up 20.0% compared to the same quarter last year.  On average, sell-side analysts forecast that  Newmont will post 3.45 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>Best Way to Invest in Gold Right Now—What Smart Money Is Doing</li></ul><p>In other Newmont news, Director Bruce R. Brook sold 2,080 shares of the business's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the sale, the director owned 32,709 shares in the company, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas Ronald Palmer sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $81.34, for a total value of $406,700.00. Following the completion of the sale, the chief executive officer owned 279,923 shares in the company, valued at approximately $22,768,936.82. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,160 shares of company stock valued at $767,206. Corporate insiders own  0.05% of the company's stock. </p><h2>Hedge Funds Weigh In On Newmont</h2><p>Institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC bought a new position in  Newmont during the fourth quarter worth $25,000.  Physician Wealth Advisors Inc. grew its holdings in shares of  Newmont by 327.8% in the third quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 236 shares in the last quarter.  Concord Wealth Partners boosted its stake in  Newmont by 534.7% in the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 385 shares during the last quarter.  JPL Wealth Management LLC bought a new stake in shares of  Newmont in the third quarter valued at $27,000.  Finally, Lodestone Wealth Management LLC bought a new stake in shares of  Newmont in the fourth quarter valued at approximately $28,000. 68.85% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Newmont Company Profile</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>Read More</h2><ul><li>Five stocks we like better than Newmont</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Raymond James Financial has raised its price target for Newmont (NYSE:NEM) from $111.00 to $130.00, maintaining an "outperform" rating. This new target suggests a potential upside of 13.87% from the current stock price. Other analysts have also increased their price targets, with an average rating of "Buy" and an average target price of $99.35. Newmont's stock is currently trading at $114.17, with a market cap of $124.59 billion and a recent quarterly earnings report showing a net margin of 33.42%.</p>

Raymond James Financial Increases Newmont (NYSE:NEM) Price Target to $130.00