Barclays Cuts Newmont (NEM) Price Target to $123
Key Points
- Barclays maintained an Overweight rating on Newmont Corporation on October 19, 2026, while lowering its price target to $123 from $124.
- Barclays's $123 price target implies 4.23% upside from Newmont Corporation's ($NEM) current $118.01 share price.
- Newmont Corporation recently traded around $118.01, with trailing twelve-month revenue totaling $25.77 billion and earnings of $7.93 per share.
- Wall Street analysts currently maintain a consensus buy rating on the stock, with a mean price target of $137.48.
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Barclays maintained its Overweight rating on Newmont Corporation NYSE: NEM on October 19, 2026, while tweaking its price target down to $123 from $124. According to the research note released on October 19, 2026, the firm kept its positive stance on the gold producer even as it trimmed its target slightly.
NEM
Newmont Corporation
Barclays vs. the S&P 500
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Barclays's Call on Newmont Corporation
On October 19, 2026, Barclays issued a research note maintaining its Overweight rating on Newmont Corporation and adjusting its price target from $124 to $123. Earlier on July 28, 2026, Barclays had maintained an Overweight rating on the company with a prior target of $125.
Other Institutional Activity in Newmont Corporation
Van Eck Associates Corporation reduced its holdings by 3,884,291 shares, ending with 32,114,698 shares worth about $3,789,855,579. Bank Of New York Mellon Corporation grew its holdings by 818,727 shares, ending with 13,056,801 shares worth about $1,540,833,113.
Newmont Corporation Stock Up 5.8%
Newmont Corporation shares closed at $118.01 on October 19, 2026. The stock recently traded around $118.01 on October 19, 2026, sitting below its 50-day moving average of $121.49 and above its 200-day moving average of $112.10. The company has a market capitalization of $122.01 billion and a price-to-earnings ratio of 14.60.
$NEM price target
Newmont Corporation daily closes and this analyst's $123 target. Not advice.
Recent Earnings
Newmont Corporation reported $25,767,000,064 in trailing twelve-month revenue alongside earnings of $7.93 per share. The company posted a net profit margin of 33.4% and a return on equity of 25.9%. The next earnings report is scheduled for October 22, 2026.
Dividend
Newmont Corporation offers a dividend yield of 0.9%, backed by a payout ratio of 12.9%.
Insider Buying and Selling at Newmont Corporation
Chief Executive Officer Natascha Viljoen sold 7,764 shares on August 5, 2026, at a price of $104.00 for a total value of $807,456. Chief Financial Officer Brian Tabolt sold 11,445 shares on August 5, 2026, at $105.09 per share, totaling $1,202,755. Officer Peter Toth sold 3,000 shares on September 1, 2026, at $123.00 for a total of $369,000. Natascha Viljoen also sold 3,882 shares on September 1, 2026, at $123.00 per share, totaling $477,486.
Analysts Set New Price Targets
On August 12, 2026, Scotiabank maintained a Sector Outperform rating on the stock with a price target of $149.00. Bernstein maintained an Outperform rating on September 9, 2026, with a price target of $144.00. RBC Capital maintained an Outperform rating on September 16, 2026, raising its price target to $155.00 from $135.00. Wall Street analysts currently give the stock a consensus buy rating, with a mean price target of $137.48 across 21 analyst opinions.
About Newmont Corporation
Newmont Corporation operates as a primary gold producer while also exploring for copper, silver, lead, and zinc. Founded in 1916 and headquartered in Denver, Colorado, the company manages mining assets and operations across North America, South America, Australia, Africa, and Papua New Guinea. Analyst evaluations like Barclays's update help investors track how major financial institutions view the company's operational outlook amid shifting commodity markets.
Bottom Line
Investors are looking ahead to Newmont Corporation's upcoming earnings release on October 22, 2026, for further details on operational performance. Market participants will also monitor subsequent institutional filings and analyst updates to gauge sentiment on the mining firm.
Related Filing Alerts
Source: Barclays's rating change on $NEM (Oct 19, 2026). Written by software, not financial advice. How we make alerts