<div id="readability-page-1"><p>Shares of Newmont Corporation (NYSE:NEM - Get Free Report) were up 4.8% on Monday after Royal Bank Of Canada raised their price target on the stock from $120.00 to $125.00. Royal Bank Of Canada currently has an outperform rating on the stock. Newmont traded as high as $121.11 and last traded at $120.80. Approximately 7,377,601 shares changed hands during trading, a decline of 30% from the average daily volume of 10,493,124 shares. The stock had previously closed at $115.32.</p><ul><li>3 Contrarian &#34;Buy the Dip&#34; Picks—and One Area to Avoid</li></ul><p>Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group upped their target price on Newmont from $99.90 to $123.90 and gave the stock a &#34;buy&#34; rating in a report on Monday, January 12th. Canaccord Genuity Group boosted their price target on shares of Newmont from $115.00 to $140.00 and gave the company a &#34;buy&#34; rating in a report on Friday, January 23rd. TD Cowen increased their price objective on shares of Newmont from $89.00 to $120.00 and gave the company a &#34;hold&#34; rating in a research note on Thursday, January 22nd. DZ Bank raised shares of Newmont to a &#34;strong-buy&#34; rating in a research note on Monday, January 19th. Finally, Zacks Research downgraded Newmont from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, November 18th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Buy&#34; and an average price target of $124.83.</p><p><b>View Our Latest Report on NEM</b></p><h2>Insiders Place Their Bets</h2><ul><li>Gold at $5,000—3 Mining Stocks for the Next Gold Rush</li></ul><p>In other news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company's stock, valued at approximately $3,021,003.24. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Insiders own  0.05% of the company's stock. </p><h2>Institutional Investors Weigh In On Newmont</h2><p>Several hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC purchased a new position in  Newmont during the fourth quarter worth approximately $25,000.  Physician Wealth Advisors Inc. increased its stake in  Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company's stock worth $26,000 after buying an additional 236 shares in the last quarter.  Concord Wealth Partners raised its holdings in shares of  Newmont by 534.7% during 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.  Cornerstone Planning Group LLC boosted its stake in shares of  Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company's stock worth $27,000 after acquiring an additional 206 shares during the last quarter.  Finally, JPL Wealth Management LLC purchased a new stake in shares of  Newmont during the third quarter worth approximately $27,000. Hedge funds and other institutional investors own  68.85% of the company's stock. </p><h2>Newmont Trading Up 4.8%</h2><ul><li>Can't Choose Between Silver and Gold? These ETFs Hold Both</li></ul><p>The company has a 50 day moving average of $107.05 and a 200 day moving average of $89.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.74 and a current ratio of 2.04. The stock has a market capitalization of $131.82 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.88 and a beta of 0.40. </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>See Also</h2><ul><li>Five stocks we like better than Newmont</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Your Bank Account Is No Longer Safe</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Punch these codes into your ordinary brokerage account</li></ul><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>

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<p>Newmont Corporation (NYSE:NEM) shares rose 4.8% after Royal Bank of Canada upgraded its price target from $120 to $125, maintaining an outperform rating. Other analysts also increased their targets, with Goldman Sachs raising it to $123.90 and Canaccord Genuity to $140. The stock's average rating is "Buy" with a target of $124.83. Insiders hold 0.05% of shares, while institutional investors own 68.85%. Newmont has a market cap of $131.82 billion and operates globally in gold mining.</p>

Newmont (NYSE:NEM) Trading 4.8% Higher After Analyst Upgrade