Newmont (NEM) Stock Forecast & Price Target

$41.72 +0.07 (+0.17%)

As of 01/17/2025 03:59 PM Eastern

Newmont - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
1

Hold
7

Buy
10

Based on 18 Wall Street analysts who have issued ratings for Newmont in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 1 has given a sell rating, 7 have given a hold rating, 8 have given a buy rating, and 2 have given a strong buy rating for NEM.

Consensus Price Target

$53.80
28.95% Upside

According to the 18 analysts' twelve-month price targets for Newmont, the average price target is $53.80. The highest price target for NEM is $63.00, while the lowest price target for NEM is $45.00. The average price target represents a forecasted upside of 28.95% from the current price of $41.72.

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NEM Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$53.80	$54.31	$53.46	$53.06
Forecasted Upside	28.95% Upside	41.87% Upside	-8.89% Downside	53.43% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

NEM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NEM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Newmont Stock vs. The Competition

Type	Newmont	Basic Materials Companies	S&P 500
Consensus Rating Score	2.61	2.76	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	28.95% Upside	129.81% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent NEM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/13/2025	The Goldman Sachs Group 3 of 5 stars	H. Nicolaci Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$47.20	+20.75%
11/29/2024	CLSA 1 of 5 stars	B. Moore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform
11/25/2024	Raymond James 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$62.00 ➝ $59.00	+40.04%
11/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
11/11/2024	Bernstein Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$55.00 ➝ $58.00	+36.28%
10/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$67.00 ➝ $54.00	+12.97%
10/28/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Soni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/28/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral
10/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Jakusconek Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$59.00 ➝ $55.00	+11.68%
10/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$54.00 ➝ $53.00	-0.02%
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10/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$54.00 ➝ $63.00	+18.40%
9/30/2024	Veritas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Pradier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/29/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$58.00	+11.90%
7/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$56.00 ➝ $57.00	+23.70%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$49.00 ➝ $50.00	+20.54%
6/21/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Spence Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/16/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$46.00 ➝ $45.00	+4.51%
4/30/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Parkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform Overweight ➝ Sector Perform Overweight
4/26/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$43.00 ➝ $48.00	+12.81%
4/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $45.00	+19.36%
11/21/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$45.00	+23.09%
7/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$63.00 ➝ $57.00	+31.67%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$62.00 ➝ $61.00	+46.83%
3/7/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$51.92	+21.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:51 AM ET.

Should I Buy Newmont Stock? NEM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, January 19, 2025. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

Newmont
Bull Case

Here are some ways that investors could benefit from investing in Newmont Co.:

Newmont Co. has shown significant revenue growth, with a reported revenue increase of 84.7% compared to the same quarter last year, indicating strong operational performance.
The company has a positive return on equity of 9.80%, which suggests that it is effectively using shareholders' equity to generate profits.
Recent earnings estimates for FY2026 predict earnings of $3.19 per share, which is higher than the current consensus estimate of $3.08 per share, indicating potential for future growth.
As of the latest trading session, Newmont Co. shares are priced at $39.15, which may present a buying opportunity for investors looking for value in the basic materials sector.
Institutional ownership stands at 68.85%, which often indicates confidence from large investors in the company's future prospects.

Newmont
Bear Case

Investors should be bearish about investing in Newmont Co. for these reasons:

The company reported earnings of $0.81 per share for the latest quarter, missing the consensus estimate of $0.86, which may raise concerns about its ability to meet market expectations.
Newmont Co. has a negative net margin of 7.03%, indicating that the company is currently spending more than it earns, which could affect profitability in the long run.
Recent analyst ratings show a mix of opinions, with one sell rating and several hold ratings, suggesting uncertainty about the stock's performance.
There has been significant selling activity, with International Assets Investment Management LLC trimming its position by 98.1%, which may signal a lack of confidence among some investors.
The stock has a one-year low of $29.42, indicating potential volatility and risk for investors considering entry points.

NEM Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Newmont is $53.80, with a high forecast of $63.00 and a low forecast of $45.00.
: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last year. There is currently 1 sell rating, 7 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NEM shares.
: According to analysts, Newmont's stock has a predicted upside of 28.95% based on their 12-month stock forecasts.
: Over the previous 90 days, Newmont's stock had 4 downgrades and 1 upgrade by analysts.
: Newmont has been rated by research analysts at Bernstein Bank, CIBC, Cibc World Mkts, CLSA, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, Scotiabank, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like Newmont less than other "basic materials" companies. The consensus rating score for Newmont is 2.61 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how NEM compares to other companies.

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This page (NYSE:NEM) was last updated on 1/20/2025 by MarketBeat.com Staff

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Newmont (NEM) Stock Forecast & Price Target