BMO Capital Lowers Target for Newmont Corporation (NEM) But Maintains Outperform Rating

Newmont Corporation (NYSE:NEM) is among the 15 Undervalued Momentum Stocks That Are Taking Off.

Following the company’s Q4 results connected February 19, BMO Capital Markets reduced its terms people connected Newmont Corporation (NYSE:NEM) from $145 to $140 but maintained its affirmative outlook with an Outperform rating. However, the analysts highlighted immoderate concerns implicit the outlook, including elevated costs and little production.

In its Q4 2025 results, Newmont topped statement EPS estimates of $2.00 (LSEG) by reporting net of $2.52 per stock oregon $2.8 billion, which astir doubled twelvemonth implicit twelvemonth (YoY). Despite 14% little accumulation connected a YoY basis, FY 2025 results were bolstered by a 45% higher mean realized golden price. The institution besides reported a grounds $2.8 cardinal successful escaped currency travel successful Q4, bringing the year’s full to $7.3 billion. In addition, it reduced its indebtedness by $3.4 cardinal successful 2025, ending the twelvemonth with a nett currency presumption of $2.1 billion, including $7.6 cardinal successful cash.

For FY 2026, Newmont Corporation (NYSE:NEM) guided for attributable accumulation to beryllium astir 5.3 cardinal golden ounces, down from 5.89 cardinal successful 2025. While accumulation is impacted by planned excavation sequencing and little publication from immoderate mines, absorption expects to proceed focusing connected lowering costs done its outgo and productivity programs. The absorption further noted:

”2026 represents a trough successful our accumulation rhythm owed to planned excavation sequencing crossed respective operations arsenic we presumption the portfolio to instrumentality to accumulation maturation successful 2027 and beyond, maintaining our longer-term outlook of astir 6 cardinal ounces of golden and 150,000 tonnes of copper annually.”

Newmont Corporation (NYSE:NEM) shares person performed strongly, with implicit 168% returns successful the past twelvemonth and implicit 22% gains successful 2026 arsenic of February 20. The banal presently trades 10% beneath its 52-week precocious of $134.9.

Newmont Corporation (NYSE:NEM) is the world’s starring golden institution and a shaper of copper, zinc, lead, and silver. The company’s portfolio of assets is focused connected mining jurisdictions successful Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.