Newmont (NEM) Stock Forecast, Price Target & Predictions
NEM Stock Forecast
Newmont stock forecast is as follows: an average price target of $62.09 (represents a 15.60% upside from NEM’s last price of $53.71) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
NEM Price Target
The average price target for Newmont (NEM) is $62.09 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $85.94 to $50.00. This represents a potential 15.60% upside from NEM's last price of $53.71.
NEM Analyst Ratings
According to 16 Wall Street analysts, Newmont's rating consensus is 'Buy'. The analyst rating breakdown for NEM stock is 0 'Strong Buy' (0.00%), 12 'Buy' (75.00%), 4 'Hold' (25.00%), 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 |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Matthew Murphy | Jefferies | $54.00 | $51.30 | 5.26% | 0.54% |
| Aug 29, 2024 | John Eade | Argus Research | $58.00 | $51.83 | 11.90% | 7.99% |
| Aug 19, 2024 | Tanya Jakusconek | Scotiabank | $59.00 | $51.19 | 15.26% | 9.85% |
| Jul 25, 2024 | Jackie Przybylowski | BMO Capital | $57.00 | $47.70 | 19.50% | 6.13% |
| Jul 10, 2024 | Anita Soni | CIBC | $61.00 | $45.35 | 34.49% | 13.57% |
| Jun 17, 2024 | Daniel Major | UBS | $50.00 | $40.97 | 22.04% | -6.91% |
| May 23, 2024 | Tanya Jakusconek | Scotiabank | $48.00 | $41.28 | 16.28% | -10.63% |
| Dec 15, 2023 | Emily Chieng | Goldman Sachs | $67.00 | $41.02 | 63.33% | 24.74% |
| Jul 27, 2022 | Josh Wolfson | RBC Capital | $60.00 | $45.61 | 31.55% | 11.71% |
| Jul 26, 2022 | Carey MacRury | Canaccord Genuity | $60.00 | $46.14 | 30.04% | 11.71% |
The latest Newmont stock forecast, released on Sep 10, 2024 by Matthew Murphy from Jefferies, set a price target of $54.00, which represents a 5.26% increase from the stock price at the time of the forecast ($51.30), and a 0.54% increase from NEM last price ($53.71).
Newmont Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 6 | 8 |
| Avg Price Target | $57.00 | $56.50 | $56.75 |
| Last Closing Price | $53.71 | $53.71 | $53.71 |
| Upside/Downside | 6.13% | 5.19% | 5.66% |
In the current month, the average price target of Newmont stock is $57.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 6.13% increase as opposed to Newmont's last price of $53.71. This month's average price target is up 0.88% compared to last quarter, and up 0.44% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| Jul 10, 2024 | CIBC | - | Outperform | Upgrade |
| May 23, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| May 03, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| May 01, 2024 | National Bank | Outperform | Sector Perform | Downgrade |
| Apr 05, 2024 | Citigroup | Buy | Buy | Hold |
Newmont's last stock rating was published by Jefferies on Sep 10, 2024. The company gave NEM a "Buy" rating, the same as its previous rate.
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 | Jul 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 | - | $3.02B | $3.39B | $2.90B | $3.06B | $2.87B | $3.38B | $3.17B |
| Avg Forecast | $4.86B | $4.86B | $4.83B | $4.84B | $5.20B | $5.28B | $5.28B | $5.35B | $5.05B | $4.99B | $5.13B | $5.25B | $5.05B | $4.63B | $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 | $5.29B | $5.30B | $5.26B | $5.27B | $5.66B | $5.75B | $5.75B | $5.83B | $5.50B | $5.44B | $5.59B | $5.72B | $5.50B | $5.04B | $4.50B | $3.99B | $3.74B | $3.07B | $3.20B | $2.99B | $3.36B | $3.10B | $3.04B | $3.08B | $3.35B | $3.14B | $3.10B | $3.18B | $3.48B | $3.25B |
| Low Forecast | $4.52B | $4.52B | $4.49B | $4.50B | $4.83B | $4.91B | $4.91B | $4.97B | $4.69B | $4.64B | $4.77B | $4.88B | $4.69B | $4.30B | $3.84B | $3.40B | $3.19B | $2.62B | $2.73B | $2.55B | $2.87B | $2.65B | $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 | 1 | 1 | 3 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | - | 0.91% | 0.98% | 1.04% | 0.93% | - | 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 0 analysts is $3.66B, with a low forecast of $3.40B, and a high forecast of $3.99B. 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 | Jul 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 | 1 | 1 | 3 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.43B | - | $737.00M | $1.00B | $497.00M | $846.00M | - | $1.24B | $959.00M | $861.00M | $1.62B | $1.42B | $1.77B | $1.81B |
| Avg Forecast | $2.00B | $2.00B | $1.99B | $1.99B | $2.14B | $2.17B | $2.18B | $2.20B | $2.08B | $2.06B | $2.11B | $2.16B | $2.08B | $1.91B | $1.70B | $1.58B | $1.42B | $1.16B | $1.21B | $1.44B | $1.27B | $1.12B | $1.25B | $1.31B | $946.55M | $1.02B | $1.47B | $1.48B | $1.57B | $1.77B |
| High Forecast | $2.18B | $2.18B | $2.17B | $2.17B | $2.33B | $2.37B | $2.37B | $2.40B | $2.27B | $2.24B | $2.30B | $2.36B | $2.27B | $2.08B | $1.86B | $1.90B | $1.54B | $1.26B | $1.32B | $1.72B | $1.39B | $1.35B | $1.25B | $1.57B | $1.14B | $1.23B | $1.76B | $1.77B | $1.88B | $2.12B |
| Low Forecast | $1.86B | $1.86B | $1.85B | $1.85B | $1.99B | $2.02B | $2.02B | $2.05B | $1.93B | $1.91B | $1.96B | $2.01B | $1.93B | $1.77B | $1.58B | $1.26B | $1.32B | $1.08B | $1.12B | $1.15B | $1.18B | $899.22M | $1.25B | $1.05B | $757.24M | $817.48M | $1.18B | $1.18B | $1.25B | $1.41B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | 0.61% | 0.70% | 0.39% | 0.75% | - | 0.95% | 1.01% | 0.84% | 1.10% | 0.96% | 1.13% | 1.02% |
0 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 | Jul 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 | 1 | 1 | 3 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-3.14B | - | $463.00M | $351.00M | $-1.50B | $213.00M | - | $448.00M | $-807.00M | $3.00M | $650.00M | $559.00M | $824.00M | $839.00M |
| Avg Forecast | $916.15M | $906.79M | $892.12M | $888.20M | $1.20B | $1.23B | $1.23B | $1.19B | $1.06B | $1.05B | $1.10B | $1.10B | $1.17B | $936.07M | $712.07M | $557.35M | $506.04M | $459.47M | $496.88M | $506.68M | $521.76M | $3.92M | $757.54M | $460.62M | $-45.40M | $3.56M | $590.13M | $580.78M | $728.59M | $819.26M |
| High Forecast | $1.02B | $1.01B | $995.85M | $991.46M | $1.34B | $1.38B | $1.37B | $1.33B | $1.19B | $1.17B | $1.22B | $1.23B | $1.30B | $1.12B | $794.86M | $668.82M | $718.57M | $692.85M | $554.65M | $608.02M | $582.42M | $4.70M | $757.54M | $552.74M | $-36.32M | $4.27M | $708.16M | $696.94M | $874.31M | $983.11M |
| Low Forecast | $832.35M | $823.85M | $810.52M | $806.95M | $1.09B | $1.12B | $1.12B | $1.08B | $965.89M | $954.27M | $996.76M | $1.00B | $1.06B | $764.68M | $646.94M | $445.88M | $293.51M | $328.19M | $451.43M | $405.35M | $474.04M | $3.13M | $757.54M | $368.50M | $-54.48M | $2.85M | $472.11M | $464.62M | $582.87M | $655.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.20% | - | 0.93% | 0.69% | -2.87% | 54.39% | - | 0.97% | 17.77% | 0.84% | 1.10% | 0.96% | 1.13% | 1.02% |
Newmont's average Quarter net income forecast for Sep 23 is $459.47M, with a range of $328.19M to $692.85M. NEM's average Quarter net income forecast represents a -0.76% 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 | Jul 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 | 1 | 1 | 3 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $84.00M | - | $71.00M | $74.00M | $66.00M | $73.00M | - | $64.00M | $69.00M | $61.00M | $64.00M | $65.00M | $64.00M | $68.00M |
| Avg Forecast | $121.77M | $121.80M | $121.06M | $121.23M | $130.18M | $132.21M | $132.36M | $134.07M | $126.46M | $125.07M | $128.49M | $131.46M | $126.43M | $115.96M | $103.56M | $79.62M | $86.09M | $70.58M | $73.49M | $72.38M | $77.31M | $79.64M | $76.27M | $65.80M | $68.10M | $72.40M | $58.11M | $67.53M | $56.59M | $66.40M |
| High Forecast | $132.66M | $132.70M | $131.89M | $132.08M | $141.83M | $144.04M | $144.20M | $146.06M | $137.77M | $136.25M | $139.99M | $143.22M | $137.73M | $126.33M | $112.82M | $95.55M | $93.79M | $76.89M | $80.06M | $86.86M | $84.22M | $95.56M | $76.27M | $78.96M | $81.72M | $86.87M | $69.73M | $81.04M | $67.91M | $79.68M |
| Low Forecast | $113.20M | $113.23M | $112.54M | $112.70M | $121.02M | $122.91M | $123.05M | $124.63M | $117.56M | $116.27M | $119.45M | $122.21M | $117.53M | $107.80M | $96.27M | $63.70M | $80.03M | $65.61M | $68.32M | $57.91M | $71.87M | $63.71M | $76.27M | $52.64M | $54.48M | $57.92M | $46.48M | $54.03M | $45.27M | $53.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 0.97% | 1.02% | 0.85% | 0.92% | - | 0.97% | 1.01% | 0.84% | 1.10% | 0.96% | 1.13% | 1.02% |
Newmont's average Quarter SG&A projection for Mar 24 is $79.62M, based on 0 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 | Jul 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 | 1 | 1 | 3 | 1 | - | 1 | 1 | - | - | - | - | - | - | - | - | - | 7 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-3.21 | - | $0.58 | $0.41 | $-1.88 | $0.27 | - | $0.56 | $-1.02 | - | $0.81 | $0.70 | $1.03 | $1.04 |
| Avg Forecast | $0.79 | $0.79 | $0.77 | $0.77 | $1.04 | $1.07 | $1.06 | $1.03 | $0.92 | $0.91 | $0.95 | $0.95 | $1.01 | $0.81 | $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 | $0.89 | $0.88 | $0.86 | $0.86 | $1.16 | $1.19 | $1.19 | $1.15 | $1.03 | $1.02 | $1.06 | $1.07 | $1.13 | $0.97 | $0.69 | $0.40 | $0.62 | $0.60 | $0.48 | $0.38 | $0.50 | $0.40 | $0.66 | $0.71 | $0.77 | $0.76 | $0.79 | $0.79 | $0.95 | $0.84 |
| Low Forecast | $0.72 | $0.71 | $0.70 | $0.70 | $0.94 | $0.97 | $0.97 | $0.94 | $0.84 | $0.83 | $0.86 | $0.87 | $0.92 | $0.66 | $0.56 | $0.33 | $0.25 | $0.28 | $0.39 | $0.31 | $0.41 | $0.33 | $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% | - | 0.78% | -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 |
|---|---|---|---|---|---|
| FNV | Franco-Nevada | $125.13 | $157.31 | 25.72% | Buy |
| PAAS | Pan American Silver | $21.20 | $25.00 | 17.92% | Buy |
| NEM | Newmont | $53.71 | $62.09 | 15.60% | Buy |
| GFI | Gold Fields | $14.21 | $16.00 | 12.60% | Hold |
| SAND | Sandstorm Gold | $6.22 | $7.00 | 12.54% | Buy |
| RGLD | Royal Gold | $143.19 | $149.75 | 4.58% | Buy |
| AEM | Agnico Eagle Mines | $83.17 | $76.26 | -8.31% | Buy |
| KGC | Kinross Gold | $9.84 | $8.99 | -8.64% | Buy |
| WPM | Wheaton Precious Metals | $62.56 | $54.28 | -13.24% | Buy |
| IAG | IAMGOLD | $5.42 | $4.02 | -25.83% | Hold |
NEM Forecast FAQ
Is Newmont a good buy?
Yes, according to 16 Wall Street analysts, Newmont (NEM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 75.00% of NEM's total ratings.
What is NEM's price target?
Newmont (NEM) average price target is $62.09 with a range of $50 to $85.94, implying a 15.60% from its last price of $53.71. The data is based on 16 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 15.60% (from the last price of $53.71 to the average price target of $62.09), up by 60.01% based on the highest stock price target, and down by -6.91% based on the lowest stock price target.
Can Newmont stock reach $80?
NEM's highest twelve months analyst stock price target of $85.94 supports the claim that Newmont can reach $80 in the near future.
What is Newmont's current price target trend?
3 Wall Street analysts forecast a $57 price target for Newmont (NEM) this month, up 6.13% from its last price of $53.71. Compared to the last 3 and 12 months, the average price target increased by 5.19% and increased by 5.66%, 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 $21.11B (high $22.99B, low $19.62B), average EBITDA is $8.7B (high $9.47B, low $8.08B), average net income is $4.86B (high $5.42B, low $4.41B), average SG&A $528.82M (high $576.12M, low $491.62M), and average EPS is $4.2 (high $4.69, low $3.82). NEM's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $19.39B (high $21.13B, low $18.03B), average EBITDA is $7.99B (high $8.71B, low $7.43B), average net income is $3.6B (high $4.02B, low $3.27B), average SG&A $485.87M (high $529.32M, low $451.68M), and average EPS is $3.12 (high $3.48, low $2.83).
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 $5.22B by -17.13%. The company's net income was $-2.475B, missing the average estimation of $1.97B by -225.69%. Apple's SG&A was $299M, missing the average forecast of $302.54M by -1.17%. 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 $1.42B by 0.72%. Newmont's net income was $-3.139B, missing the average estimation of $506.04M by -720.31%. The company's SG&A was $84M, missing the average forecast of $86.09M by -2.42%. Lastly, the company's EPS was $-3.21, missing the average prediction of $0.438 by -832.66%