Bernstein Upgrades Newmont (NEM) to Outperform, Sets $157 Target Price

Newmont Corporation (NYSE:NEM) is one of the Top 10 Stocks Warren Buffett Would Buy in 2026.

Bernstein Upgrades Newmont (NEM) to Outperform, Sets $157 Target Price

On February 27, 2026, Newmont Corporation saw its rating from Bernstein upgraded from Market Perform to Outperform. The firm’s analyst Bob Brackett set a price target of $157. The research note cited the firm’s bullish view on gold as the reason for the stock’s upgrade. Bob also pointed to the new CEO’s focused agenda, realistic guidance, and a reconciliation with its biggest joint-venture partner as catalysts for the stock’s new rating.

In another development, on February 26, 2026, Bank of America raised its price target on Newmont Corporation from $134 to $151 while maintaining a Buy rating. According to the analyst, the firm is revising its valuation targets for North American Metals & Mining stocks, following updated 2026 metal price forecasts.

As of February 27, 2026, CNN recorded a consensus Buy rating from 27 analysts following Newmont Corporation. The 1-year average upside potential on the stock stands at 7.51%.

Founded in 1921, Newmont Corporation is one of the largest gold mining companies and a significant producer of copper, silver, zinc, and lead, with headquarters in Colorado.

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