Newmont (NEM) Stock Forecast & Price Target

$38.28 +1.26 (+3.40%)

(As of 12/20/2024 05:45 PM ET)

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 17 Analyst Ratings

Sell
1

Hold
7

Buy
9

Based on 17 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 17 analysts, 1 has given a sell rating, 7 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for NEM.

Consensus Price Target

$54.31
41.87% Upside

According to the 17 analysts' twelve-month price targets for Newmont, the average price target is $54.31. 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 41.87% from the current price of $38.28.

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NEM Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)	12 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$54.31	$54.14	$52.62	$53.00
Forecasted Upside	41.87% Upside	25.21% Upside	-3.40% Downside	26.00% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.59	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	41.87% Upside	138.78% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent NEM News	Positive 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
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. 3 of 5 stars		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
Get the Latest News and Ratings for NEM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Newmont and its competitors with MarketBeat's FREE daily newsletter.
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%
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%
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$58.00 ➝ $67.00	+40.70%
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 Saturday at 09:05 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 Friday, December 13, 2024. 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. recently announced a quarterly dividend of $0.25 per share, which translates to an annualized yield of 2.41%. This can provide a steady income stream for investors.
The company reported a significant revenue increase of 84.7% compared to the same quarter last year, indicating strong growth potential and operational efficiency.
As of the latest trading session, Newmont Co. stock is priced at $41.56, which is relatively low compared to its 1-year high of $58.72, suggesting potential for price appreciation.
Newmont Co. has a solid current ratio of 1.96, indicating that it has sufficient assets to cover its short-term liabilities, which is a positive sign of financial health.
Institutional investors own 68.85% of Newmont Co.'s stock, reflecting strong confidence from large financial entities in the company's future performance.

Newmont
Bear Case

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

The stock has experienced a recent decline of 1.7%, which may indicate bearish sentiment among investors and potential volatility in the near term.
Newmont Co. reported a negative net margin of 7.03%, suggesting that the company is currently facing challenges in profitability, which could impact future earnings.
The company's PE ratio is -27.50, indicating that it is not currently generating positive earnings relative to its stock price, which can be a red flag for potential investors.
Insider ownership is only 0.06%, which may suggest a lack of alignment between management and shareholders, potentially leading to decisions that do not prioritize shareholder value.
Despite a strong revenue increase, the company missed its earnings per share (EPS) estimate by $0.05, which could raise concerns about its ability to meet future financial expectations.

NEM Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Newmont is $54.31, with a high forecast of $63.00 and a low forecast of $45.00.
: 17 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, 7 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 41.87% based on their 12-month stock forecasts.
: Over the previous 90 days, Newmont's stock had 4 downgrades and 2 upgrades by analysts.
: Newmont has been rated by research analysts at Bernstein Bank, CIBC, Cibc World Mkts, CLSA, Jefferies Financial Group, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, Scotiabank, UBS Group, and Veritas in the past 90 days.
: Analysts like Newmont less than other "basic materials" companies. The consensus rating score for Newmont is 2.59 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 12/21/2024 by MarketBeat.com Staff

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Newmont (NEM) Stock Forecast & Price Target