Newmont Corp stock gains as Royal Bank of Canada lifts price target

Published on 09/16/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Newmont Corp stock is supported by a fresh upgrade, as Royal Bank of Canada raises its target to USD 155 on September 16, 2026. The shares recently closed at USD 124.19 on the NYSE, leaving room versus the new target.

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Newmont Corp stock (ISIN US6516391066) is benefiting from renewed analyst confidence, after Royal Bank of Canada raised its price target for the gold miner to USD 155 on September 16, 2026 while the shares most recently closed at USD 124.19 on the New York Stock Exchange as of September 15, 2026.

Analyst upgrade lifts sentiment

According to Futunn on September 16, 2026, Royal Bank of Canada increased its target price for Newmont Corp stock from USD 135 to USD 155, implying upside of about 24.8 percent from the recent NYSE close of USD 124.19.

The upgrade underscores confidence in Newmont as a large scale gold producer at a time when major miners are being reassessed for their leverage to the gold price and capital discipline, with Royal Bank of Canada explicitly highlighting Newmont’s position among seniors in its target adjustment.

Current market picture and valuation

Per data on September 16, 2026 from MarketBeat, Newmont Corp stock carries an average analyst rating of Moderate Buy with a consensus target price of USD 132.11, which sits about 6.4 percent above the recent NYSE closing price of USD 124.19.

The same MarketBeat overview also points out that Newmont’s quarterly dividend amounts to USD 0.26 per share, corresponding to an annualized payout of USD 1.04 and a dividend yield of 0.8 percent based on the current share price, giving investors a modest income stream alongside exposure to gold and copper production.

Recent commentary on the sector from Canadian Mining Report on September 16, 2026 cites JPMorgan as seeing further room to run for gold miners and notes Newmont as the key United States giant among senior producers, which provides a supportive backdrop for the upgraded price targets.

Dividend and fundamental context

According to the MarketBeat filing summary dated September 16, 2026, Newmont recently confirmed a quarterly dividend of USD 0.26 per share with an ex dividend date of September 3 and payment on September 28, representing an annualized USD 1.04 and a dividend yield of 0.8 percent at the prevailing share price level.

The same MarketBeat data show that Bank of America Corp DE has reduced its position in Newmont, which indicates that not all institutional investors are increasing exposure, yet the overall analyst consensus remains tilted toward a positive long term view, highlighted by the Moderate Buy rating and targets above the current market price.

In sector terms, Canadian Mining Report cites JPMorgan as recommending that investors focus on senior producers such as Newmont for production scale and operating leverage while treating smaller juniors more as options on exploration success, suggesting that Newmont’s size and established asset base are seen as relative strengths in the current environment.

Stock level versus targets

Newmont Corp stock closed at USD 124.19 on the NYSE on September 15, 2026, with the after hours quote at USD 124.10 later that day, according to price data from CNBC for the ticker NEM, placing the shares below both the consensus target of USD 132.11 and the freshly raised Royal Bank of Canada target of USD 155.