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.

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.

While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.