Newmont (NEM) Stock Forecast, Price Target & Predictions

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NEM Stock Forecast

Newmont stock forecast is as follows: an average price target of $62.59 (represents a 45.59% upside from NEM’s last price of $42.99) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

NEM Price Target

The average price target for Newmont (NEM) is $62.59 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $85.94 to $53.00. This represents a potential 45.59% upside from NEM's last price of $42.99.

NEM Analyst Ratings

Buy

According to 17 Wall Street analysts, Newmont's rating consensus is 'Buy'. The analyst rating breakdown for NEM stock is 0 'Strong Buy' (0.00%), 10 'Buy' (58.82%), 7 'Hold' (41.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Newmont Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 30, 2024	Daniel Major	UBS	$54.00	$47.80	12.97%	25.61%
Oct 24, 2024	Josh Wolfson	RBC Capital	$53.00	$57.74	-8.21%	23.28%
Oct 04, 2024	Matthew Murphy	Jefferies	$63.00	$53.04	18.78%	46.55%
Sep 10, 2024	Matthew Murphy	Jefferies	$54.00	$51.30	5.26%	25.61%
Aug 29, 2024	John Eade	Argus Research	$58.00	$51.83	11.90%	34.92%
Aug 19, 2024	Tanya Jakusconek	Scotiabank	$59.00	$51.19	15.26%	37.24%
Jul 25, 2024	Jackie Przybylowski	BMO Capital	$57.00	$47.70	19.50%	32.59%
Jul 10, 2024	Anita Soni	CIBC	$61.00	$45.35	34.49%	41.89%
Jun 17, 2024	Daniel Major	UBS	$50.00	$40.97	22.04%	16.31%
May 23, 2024	Tanya Jakusconek	Scotiabank	$48.00	$41.28	16.28%	11.65%

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The latest Newmont stock forecast, released on Oct 30, 2024 by Daniel Major from UBS, set a price target of $54.00, which represents a 12.97% increase from the stock price at the time of the forecast ($47.80), and a 25.61% increase from NEM last price ($42.99).

Newmont Price Target by Period

	1M	3M	12M
# Anlaysts	2	5	11
Avg Price Target	$53.50	$56.40	$56.73
Last Closing Price	$42.99	$42.99	$42.99
Upside/Downside	24.45%	31.19%	31.96%

In the current month, the average price target of Newmont stock is $53.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 24.45% increase as opposed to Newmont's last price of $42.99. This month's average price target is down -5.14% compared to last quarter, and down -5.69% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 30, 2024	UBS	Buy	Neutral	Downgrade
Oct 24, 2024	CIBC	Outperform	Neutral	Downgrade
Oct 24, 2024	RBC Capital	Sector Perform	Sector Perform	Hold
Oct 04, 2024	Jefferies	Buy	Buy	Hold
Sep 17, 2024	UBS	Buy	Buy	Hold
Sep 10, 2024	Jefferies	Buy	Buy	Hold
Aug 19, 2024	Scotiabank	Sector Perform	Outperform	Upgrade
Jul 25, 2024	BMO Capital	Outperform	Outperform	Hold
Jul 17, 2024	National Bank	Sector Perform	Sector Perform	Hold
Jul 12, 2024	Jefferies	Buy	Buy	Hold

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Newmont's last stock rating was published by UBS on Oct 30, 2024. The company Downgrade its NEM rating from "Buy" to "Neutral".

Newmont Financial Forecast

Newmont Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.96B	-	$2.68B	$2.68B	$3.20B	$2.63B	$3.06B	$3.02B	$3.39B	$2.90B	$3.06B	$2.87B	$3.38B	$3.17B
Avg Forecast	$4.86B	$4.86B	$4.83B	$4.84B	$4.58B	$4.64B	$4.64B	$4.71B	$4.95B	$4.91B	$5.05B	$5.03B	$5.15B	$4.67B	$4.13B	$3.66B	$3.44B	$2.82B	$2.93B	$2.74B	$3.09B	$2.85B	$3.04B	$3.08B	$3.35B	$3.14B	$3.10B	$3.18B	$3.48B	$3.25B
High Forecast	$4.92B	$4.92B	$4.89B	$4.90B	$4.64B	$4.70B	$4.70B	$4.77B	$5.02B	$4.97B	$5.11B	$5.10B	$5.21B	$4.71B	$4.13B	$3.66B	$3.48B	$2.85B	$2.97B	$2.78B	$3.13B	$2.85B	$3.04B	$3.08B	$3.35B	$3.14B	$3.10B	$3.18B	$3.48B	$3.25B
Low Forecast	$4.80B	$4.80B	$4.77B	$4.78B	$4.53B	$4.58B	$4.59B	$4.65B	$4.90B	$4.85B	$4.99B	$4.97B	$5.09B	$4.63B	$4.13B	$3.66B	$3.40B	$2.78B	$2.90B	$2.71B	$3.05B	$2.85B	$3.04B	$3.08B	$3.35B	$3.14B	$3.10B	$3.18B	$3.48B	$3.25B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	9
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.15%	-	0.91%	0.98%	1.04%	0.93%	1.00%	0.98%	1.01%	0.92%	0.99%	0.90%	0.97%	0.98%

Newmont's average Quarter revenue forecast for Mar 24 based on 1 analysts is $3.66B, with a low forecast of $3.66B, and a high forecast of $3.66B. NEM's average Quarter revenue forecast represents a -7.48% decrease compared to the company's last Quarter revenue of $3.96B (Dec 23).

Newmont EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	9
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.43B	-	$737.00M	$1.00B	$497.00M	$846.00M	$1.02B	$1.24B	$959.00M	$861.00M	$1.62B	$1.42B	$1.77B	$1.81B
Avg Forecast	$1.83B	$1.83B	$1.82B	$1.83B	$1.73B	$1.75B	$1.75B	$1.78B	$1.87B	$1.85B	$1.90B	$1.90B	$1.94B	$1.76B	$1.56B	$1.58B	$1.30B	$1.06B	$1.11B	$1.44B	$1.04B	$1.17B	$1.25B	$1.31B	$1.38B	$1.29B	$1.28B	$1.48B	$1.44B	$1.34B
High Forecast	$1.86B	$1.86B	$1.85B	$1.85B	$1.75B	$1.77B	$1.77B	$1.80B	$1.89B	$1.88B	$1.93B	$1.92B	$1.97B	$1.78B	$1.56B	$1.90B	$1.31B	$1.08B	$1.12B	$1.72B	$1.25B	$1.17B	$1.25B	$1.57B	$1.38B	$1.29B	$1.28B	$1.77B	$1.44B	$1.34B
Low Forecast	$1.81B	$1.81B	$1.80B	$1.80B	$1.71B	$1.73B	$1.73B	$1.76B	$1.85B	$1.83B	$1.88B	$1.88B	$1.92B	$1.75B	$1.56B	$1.26B	$1.28B	$1.05B	$1.09B	$1.15B	$832.96M	$1.17B	$1.25B	$1.05B	$1.38B	$1.29B	$1.28B	$1.18B	$1.44B	$1.34B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.10%	-	0.67%	0.70%	0.48%	0.72%	0.82%	0.95%	0.70%	0.67%	1.27%	0.96%	1.23%	1.35%

1 analysts predict NEM's average Quarter EBITDA for Mar 24 to be $1.58B, with a high of $1.90B and a low of $1.26B. This is 10.89% upper than Newmont's previous annual EBITDA (Dec 23) of $1.43B.

Newmont Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	9
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-3.14B	-	$463.00M	$351.00M	$-1.50B	$213.00M	$387.00M	$448.00M	$-807.00M	$3.00M	$650.00M	$559.00M	$824.00M	$839.00M
Avg Forecast	$1.12B	$1.11B	$1.10B	$1.11B	$1.00B	$1.04B	$1.04B	$1.02B	$1.07B	$1.05B	$1.09B	$1.10B	$1.24B	$991.18M	$708.37M	$557.35M	$503.41M	$457.08M	$494.30M	$506.68M	$-49.94M	$414.44M	$758.86M	$460.62M	$886.67M	$872.49M	$917.00M	$580.78M	$1.10B	$971.29M
High Forecast	$1.14B	$1.13B	$1.12B	$1.13B	$1.02B	$1.06B	$1.06B	$1.03B	$1.09B	$1.07B	$1.10B	$1.21B	$1.45B	$1.03B	$708.65M	$668.82M	$714.84M	$689.25M	$502.64M	$608.02M	$-39.95M	$414.44M	$758.86M	$552.74M	$886.67M	$872.49M	$917.00M	$696.94M	$1.10B	$971.29M
Low Forecast	$1.10B	$1.09B	$1.08B	$1.10B	$989.38M	$1.02B	$1.03B	$1.00B	$1.06B	$1.04B	$1.07B	$972.43M	$1.11B	$952.33M	$708.09M	$445.88M	$291.98M	$326.49M	$486.76M	$405.35M	$-59.93M	$414.44M	$758.86M	$368.50M	$886.67M	$872.49M	$917.00M	$464.62M	$1.10B	$971.29M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.24%	-	0.94%	0.69%	29.93%	0.51%	0.51%	0.97%	-0.91%	0.00%	0.71%	0.96%	0.75%	0.86%

Newmont's average Quarter net income forecast for Sep 23 is $457.08M, with a range of $326.49M to $689.25M. NEM's average Quarter net income forecast represents a -1.28% decrease compared to the company's last Quarter net income of $463.00M (Jun 23).

Newmont SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	9
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$84.00M	-	$71.00M	$74.00M	$66.00M	$73.00M	$73.00M	$64.00M	$69.00M	$61.00M	$64.00M	$65.00M	$64.00M	$68.00M
Avg Forecast	$121.69M	$121.73M	$120.98M	$121.16M	$114.66M	$116.11M	$116.25M	$117.88M	$124.04M	$122.86M	$126.41M	$125.97M	$128.85M	$116.93M	$103.49M	$79.62M	$86.03M	$70.53M	$73.44M	$72.38M	$74.91M	$71.33M	$76.27M	$65.80M	$83.85M	$78.62M	$77.60M	$67.53M	$87.28M	$81.45M
High Forecast	$123.27M	$123.31M	$122.56M	$122.73M	$116.15M	$117.62M	$117.76M	$119.41M	$125.65M	$124.46M	$128.06M	$127.61M	$130.52M	$118.03M	$103.49M	$95.55M	$87.15M	$71.45M	$74.39M	$86.86M	$89.90M	$71.33M	$76.27M	$78.96M	$83.85M	$78.62M	$77.60M	$81.04M	$87.28M	$81.45M
Low Forecast	$120.26M	$120.30M	$119.57M	$119.73M	$113.32M	$114.75M	$114.89M	$116.50M	$122.59M	$121.42M	$124.93M	$124.49M	$127.33M	$115.83M	$103.49M	$63.70M	$85.02M	$69.71M	$72.58M	$57.91M	$59.93M	$71.33M	$76.27M	$52.64M	$83.85M	$78.62M	$77.60M	$54.03M	$87.28M	$81.45M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	-	0.97%	1.02%	0.88%	1.02%	0.96%	0.97%	0.82%	0.78%	0.82%	0.96%	0.73%	0.83%

Newmont's average Quarter SG&A projection for Mar 24 is $79.62M, based on 1 Wall Street analysts, with a range of $63.70M to $95.55M. The forecast indicates a -5.21% fall compared to NEM last annual SG&A of $84.00M (Dec 23).

Newmont EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	9
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-3.21	-	$0.58	$0.41	$-1.88	$0.27	$0.49	$0.56	$-1.02	-	$0.81	$0.70	$1.03	$1.04
Avg Forecast	$0.97	$0.96	$0.96	$0.97	$0.87	$0.90	$0.91	$0.88	$0.93	$0.92	$0.94	$0.96	$1.08	$0.86	$0.62	$0.36	$0.44	$0.40	$0.43	$0.34	$0.45	$0.36	$0.66	$0.71	$0.77	$0.76	$0.79	$0.79	$0.95	$0.84
High Forecast	$0.99	$0.98	$0.97	$0.99	$0.89	$0.92	$0.92	$0.90	$0.95	$0.93	$0.96	$1.05	$1.26	$0.90	$0.62	$0.36	$0.62	$0.60	$0.44	$0.34	$0.46	$0.36	$0.66	$0.71	$0.77	$0.76	$0.79	$0.79	$0.95	$0.84
Low Forecast	$0.96	$0.95	$0.94	$0.95	$0.86	$0.89	$0.89	$0.87	$0.92	$0.90	$0.93	$0.85	$0.97	$0.83	$0.62	$0.36	$0.25	$0.28	$0.42	$0.33	$0.44	$0.36	$0.66	$0.71	$0.77	$0.76	$0.79	$0.79	$0.95	$0.84
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7.33%	-	1.35%	1.21%	-4.16%	0.75%	0.75%	0.78%	-1.33%	0.00%	1.02%	0.88%	1.08%	1.24%

According to 1 Wall Street analysts, Newmont's projected average Quarter EPS for Sep 23 is $0.40, with a low estimate of $0.28 and a high estimate of $0.60. This represents a -31.41% decrease compared to NEM previous annual EPS of $0.58 (Jun 23).

Newmont Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
NEM	Newmont	$42.99	$62.59	45.59%	Buy
FNV	Franco-Nevada	$121.45	$154.25	27.01%	Buy
SAND	Sandstorm Gold	$5.68	$7.00	23.24%	Buy
PAAS	Pan American Silver	$22.42	$25.00	11.51%	Buy
GFI	Gold Fields	$14.94	$16.00	7.10%	Hold
RGLD	Royal Gold	$148.60	$151.11	1.69%	Buy
AEM	Agnico Eagle Mines	$82.80	$78.94	-4.66%	Buy
KGC	Kinross Gold	$9.97	$8.99	-9.83%	Buy
WPM	Wheaton Precious Metals	$62.96	$56.34	-10.51%	Buy
IAG	IAMGOLD	$5.57	$4.02	-27.83%	Hold

NEM Forecast FAQ

Is Newmont a good buy?

Yes, according to 17 Wall Street analysts, Newmont (NEM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 58.82% of NEM's total ratings.

What is NEM's price target?

Newmont (NEM) average price target is $62.59 with a range of $53 to $85.94, implying a 45.59% from its last price of $42.99. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Newmont stock go up soon?

According to Wall Street analysts' prediction for NEM stock, the company can go up by 45.59% (from the last price of $42.99 to the average price target of $62.59), up by 99.91% based on the highest stock price target, and up by 23.28% based on the lowest stock price target.

Can Newmont stock reach $60?

NEM's average twelve months analyst stock price target of $62.59 supports the claim that Newmont can reach $60 in the near future.

What is Newmont's current price target trend?

2 Wall Street analysts forecast a $53.5 price target for Newmont (NEM) this month, up 24.45% from its last price of $42.99. Compared to the last 3 and 12 months, the average price target increased by 31.19% and increased by 31.96%, respectively.

What are Newmont's analysts' financial forecasts?

Newmont's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.57B (high $18.81B, low $18.35B), average EBITDA is $7.01B (high $7.1B, low $6.92B), average net income is $4.1B (high $4.17B, low $4.04B), average SG&A $464.9M (high $470.94M, low $459.45M), and average EPS is $3.57 (high $3.63, low $3.52). NEM's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $19.39B (high $19.64B, low $19.16B), average EBITDA is $7.32B (high $7.41B, low $7.23B), average net income is $4.44B (high $4.52B, low $4.37B), average SG&A $485.56M (high $491.86M, low $479.86M), and average EPS is $3.86 (high $3.93, low $3.81).

Did the NEM's actual financial results beat the analysts' financial forecasts?

Based on Newmont's last annual report (Dec 2023), the company's revenue was $11.81B, which missed the average analysts forecast of $11.93B by -0.99%. Apple's EBITDA was $4.33B, missing the average prediction of $4.9B by -11.74%. The company's net income was $-2.475B, missing the average estimation of $1.96B by -226.18%. Apple's SG&A was $299M, missing the average forecast of $302.39M by -1.12%. Lastly, the company's EPS was $-2.94, missing the average prediction of $1.61 by -283.18%. In terms of the last quarterly report (Dec 2023), Newmont's revenue was $3.96B, beating the average analysts' forecast of $3.44B by 15.17%. The company's EBITDA was $1.43B, beating the average prediction of $1.3B by 10.00%. Newmont's net income was $-3.139B, missing the average estimation of $503.41M by -723.55%. The company's SG&A was $84M, missing the average forecast of $86.03M by -2.36%. Lastly, the company's EPS was $-3.21, missing the average prediction of $0.438 by -832.66%