Newmont (NGT) Stock Forecast & Price Target

C$55.12 +1.88 (+3.53%)

(As of 12/20/2024 05:17 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 7 Analyst Ratings

Sell
0

Hold
5

Buy
2

Based on 7 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 7 analysts, 5 have given a hold rating, and 2 have given a strong buy rating for NGT.

Consensus Price Target

C$68.00
23.37% Upside

According to the 7 analysts' twelve-month price targets for Newmont, the average price target is C$68.00. The highest price target for NGT is C$68.00, while the lowest price target for NGT is C$68.00. The average price target represents a forecasted upside of 23.37% from the current price of C$55.12.

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NGT 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)	5 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$68.00	C$68.00	C$68.00	C$62.50
Forecasted Upside	23.37% Upside	12.49% Upside	-7.87% Downside	12.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Strong Buy	Moderate Buy

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NGT 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.

NGT 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
Consensus Rating Score	2.57	2.76
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent NGT 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	Upgrade	Hold
10/30/2024	UBS Group 4 of 5 stars	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/28/2024	Cibc World Mkts 0 of 5 stars	A. Soni Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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	Strong-Buy ➝ Hold
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 ➝ Strong-Buy
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
6/10/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$67.00 ➝ C$68.00	+20.72%
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
7/21/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	C$54.00 ➝ C$50.00	-12.43%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:42 PM ET.

Should I Buy Newmont Stock? NGT 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. has recently shown resilience in its earnings, reporting C$1.11 earnings per share for the last quarter, which exceeded analysts' expectations of C$1.07. This indicates strong operational performance.
The stock is currently trading at C$60.00, which is significantly above its one-year low of C$39.96, suggesting a recovery and potential for further growth.
Analysts have a consensus price target of C$68.00 for Newmont Co., indicating a potential upside from the current trading price, which could attract investors looking for growth opportunities.
Newmont Co. has a solid market capitalization of C$69 billion, which reflects its stability and ability to weather market fluctuations, making it a potentially safer investment.
Despite recent downgrades in earnings estimates, the company has maintained a "Moderate Buy" rating from analysts, suggesting that there is still confidence in its long-term prospects.

Newmont
Bear Case

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

Recent earnings estimates for FY2025 have been cut by analysts, with projections now at $4.37 per share, down from $4.38, indicating a potential decline in profitability.
The company has a negative return on equity of 8.09%, which suggests that it is not generating sufficient profit from its equity investments, raising concerns about its financial efficiency.
Newmont Co. has a high debt-to-equity ratio of 31.20, which may indicate that the company is heavily reliant on debt financing, potentially increasing financial risk.
Recent downgrades from several analysts, including reductions in ratings from "strong-buy" to "hold," may signal a lack of confidence in the stock's short-term performance.
The stock has a price-to-earnings ratio of -15.51, which can be a red flag for investors, as it indicates that the company is currently not profitable based on its earnings.

NGT Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Newmont is C$68.00, with a high forecast of C$68.00 and a low forecast of C$68.00.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 5 hold ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NGT shares.
: According to analysts, Newmont's stock has a predicted upside of 23.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Newmont's stock had 3 downgrades and 1 upgrade by analysts.
: Newmont has been rated by research analysts at Cibc World Mkts, CLSA, Scotiabank, and UBS Group in the past 90 days.
: Analysts like Newmont less than other "basic materials" companies. The consensus rating score for Newmont is 2.57 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how NGT compares to other companies.

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This page (TSE:NGT) was last updated on 12/21/2024 by MarketBeat.com Staff

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Newmont (NGT) Stock Forecast & Price Target