Why Newmont Corporation (NEM) Is Gaining Analyst Attention

Newmont Corporation (NYSE:NEM) is among the 10 Best Performing S&P 500 Stocks in the Last 2 Years.

Why Newmont Corporation (NEM) Is Gaining Analyst Attention

On February 26, BofA lifted the price target on Newmont Corporation (NYSE:NEM) from $134 to $151 and reiterated a Buy rating. According to TheFly, this is part of the firm’s price target readjustment for North American Metals & Mining stocks following the revised estimates for metal prices in 2026.

A day later, Bernstein SocGen Group upgraded Newmont Corporation (NYSE:NEM) to Outperform from Market Perform and raised its price target from $121 to $157. Bob Brackett from Bernstein believes this upward revision in outlook represents a bullish view on gold. According to the firm, there are many alpha catalysts for the company, including a new CEO with a solid plan, attainable guidance, and a reasoned agreement with the company’s largest joint venture partner.

Overall, Newmont Corporation (NYSE:NEM) is a buy according to 81% of analysts covering the stock as of March 5. While the median price target of $140 reflects an upside potential of 21.52%, the highest and lowest price targets translate to an upside potential of 53.63% and a downside potential of 7.13%, respectively.

Newmont Corporation (NYSE:NEM), founded in 1916, is a Colorado-based gold producer that also explores for copper, silver, lead, zinc, and other metals.

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