UBS Rates Newmont (NEM) buy, $120 Price Target
UBS analyst Daniel Major maintains a buy rating on Newmont Corporation with a price target of $120, a 28.48% upside from the current price.
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UBS rated Newmont Corporation ($NEM) "buy" with a $120 price target on June 30, 2026.
Since the rating, $NEM is up 1.8% after 1 week, up 2.5% after 1 month and up 27.2% to date (from the $93.21 close on Jun 30, 2026).
NEM
Newmont Corporation
Key Points
- UBS analyst Daniel Major reiterated a buy rating on Newmont Corporation with a price target of $120 on June 30, 2026.
- UBS's $120 price target implies 28.48% upside from Newmont Corporation's ($NEM) current $93.40 share price.
- Shares of Newmont traded at $94.51 on Tuesday, with a market cap of $102.6 billion and a P/E ratio of 12.47.
- Insiders at Newmont have been active, with recent planned sales by executives and open-market buys by other insiders.
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On June 30, 2026, UBS analyst Daniel Major reiterated his buy rating for Newmont Corporation (NYSE: NEM), setting a price target of $120. Shares of Newmont traded at $94.51 on Tuesday.
UBS vs. the S&P 500
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Newmont Corporation Stock Down 16.3%
Shares of NYSE:NEM traded near $94.51 on Tuesday. Newmont Corporation, a leading gold producer, has a market cap of approximately $102.6 billion. The company trades with a price-to-earnings (P/E) ratio of 12.47 and a forward P/E of 8.47. Its stock has seen a 52-week low of $55.37 and a high of $134.88. The 50-day moving average is $108.07, while the 200-day moving average stands at $103.02. Newmont's current ratio is 2.44, and it has a quick ratio of 1.89, with a debt-to-equity ratio of 15.76.
$NEM price target
Newmont Corporation daily closes and this analyst's $120 target. Not advice.
Recent Earnings
Newmont reported revenue of $24.97 billion, with a growth rate of 45.8%. The company's earnings per share (EPS) stand at $7.71, with a net margin of 33.87% and a return on equity (ROE) of 25.83%. The next earnings report is scheduled for July 23, 2026.
Dividend
Newmont pays an annual dividend rate of $1.04, yielding 1.08%. The company's dividend payout ratio is 13.1%.
Insider Buying and Selling at Newmont Corporation
Recent insider transactions at Newmont include planned sales by EVP, Chief Sustainability & Development Officer Peter Toth and President & CEO Natascha Viljoen, both selling shares at an average price of $105.32 on June 1, 2026. Additionally, Interim Chief People Officer Deborah Leyva purchased shares on May 14, 2026, while Gregory Boyce, Rene Medori, and Maura Clark also made open-market buys on May 13, 2026.
Analysts Set New Price Targets
On June 30, 2026, UBS maintained its buy rating for Newmont with a $120 price target. Barclays initiated coverage with a buy rating and a $133 target on May 22, 2026. BMO Capital maintained a buy rating with a $145 target on April 24, 2026. CIBC also maintained a buy rating, setting a $176 target on April 21, 2026. The consensus among analysts is a buy rating, with a mean price target of $140.17 based on 21 analyst opinions.
About Newmont Corporation
Newmont Corporation is a major player in the gold mining industry, also exploring for copper, silver, lead, zinc, and other metals. Headquartered in Denver, Colorado, the company operates across several countries including the United States, Australia, and Ghana. Founded in 1916, Newmont employs about 17,500 people and is led by CEO Natascha Viljoen.
Bottom Line
UBS's reiteration of a buy rating on Newmont Corporation reflects confidence in the company's prospects. With a robust market position and a strong earnings profile, Newmont remains a significant player in the gold industry. Investors often watch such analyst ratings closely, though it's important to remember that these are backward-looking assessments and may not reflect future performance.
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Source: UBS's rating change on $NEM (Jun 30, 2026). Written by software, not financial advice. How we make alerts