UBS raises Newmont price target to $155, citing strong capital returns and production growth potential.

UBS has increased its price target for Newmont Corporation to $155 per share from $120, maintaining a Buy rating. The upgrade follows Newmont's resolution of a $1.95 billion payment to Barrick related to their Nevada joint venture, which clears a major investment hurdle. UBS highlights Newmont's strong capital returns framework, expecting over $7 billion in shareholder returns in 2026, and forecasts a 25% reduction in share count by 2030 through buybacks, boosting production per share by about 45%. The bank anticipates Newmont will restore multi-year production guidance by Q4, potentially supporting a premium valuation.

Following UBS's raised price target for Newmont on expectations of strong capital returns, Newmont shares trade at $123.08 on Pluang as of Sep 19, 2026 01:41 WIB, down 1.05% for the day. The stock holds a market cap of $131.07 billion and a dividend yield of 0.84%. Pluang investors show a strong buying interest with 80% of order activity on the platform favoring buys, reflecting ongoing confidence despite the slight daily dip.