Newmont Price Targets Raised to $150 and $157 Following Reserve Dip
Analysts raised Newmont's price target to $150 from $118 and to $157 from $121, maintaining bullish ratings. The company reported gold reserves of 118.2 million attributable ounces at year-end 2025, down from 134.1 million after asset divestments, alongside 12.5 million tonnes of copper and 442 million ounces of silver reserves.
1. Price Target Increases
Analysts lifted Newmont's long-term price targets to $150 from $118 and to $157 from $121, both with Buy and Outperform ratings reaffirmed.
2. Reserve Changes and Composition
At end of 2025, gold attributable reserves stood at 118.2 million ounces versus 134.1 million a year earlier due to asset divestments; the portfolio also includes 12.5 million tonnes of copper and 442 million ounces of silver reserves.
3. Catalysts Supporting Upgrades
Upgrades reflect a bullish outlook on gold prices, a new CEO with a strategic agenda, achievable guidance targets and a rational reconciliation with its largest joint venture partner.
4. Operational Footprint
Newmont's global operations span Canada, Mexico, the US and other key mining jurisdictions including Brucejack, Red Chris, Penasquito, Merian and Yanacocha.