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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 $57.86 (represents a 51.15% upside from NEM’s last price of $38.28) 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 $57.86 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $63.00 to $53.00. This represents a potential 51.15% upside from NEM's last price of $38.28.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Daniel MajorUBS$54.00$47.8012.97%41.07%
Oct 24, 2024Josh WolfsonRBC Capital$53.00$57.74-8.21%38.45%
Oct 04, 2024Matthew MurphyJefferies$63.00$53.0418.78%64.58%
Sep 10, 2024Matthew MurphyJefferies$54.00$51.305.26%41.07%
Aug 29, 2024John EadeArgus Research$58.00$51.8311.90%51.52%
Aug 19, 2024Tanya JakusconekScotiabank$59.00$51.1915.26%54.13%
Jul 25, 2024Jackie PrzybylowskiBMO Capital$57.00$47.7019.50%48.90%
Jul 10, 2024Anita SoniCIBC$61.00$45.3534.49%59.35%
Jun 17, 2024Daniel MajorUBS$50.00$40.9722.04%30.62%
May 23, 2024Tanya JakusconekScotiabank$48.00$41.2816.28%25.39%
Dec 15, 2023Emily ChiengGoldman Sachs$67.00$41.0263.33%75.03%
Jul 27, 2022Josh WolfsonRBC Capital$60.00$45.6131.55%56.74%
Jul 26, 2022Carey MacRuryCanaccord Genuity$60.00$46.1430.04%56.74%
Apr 26, 2022Canaccord Genuity$80.00$73.438.95%108.99%
Nov 08, 2021Siddharth RajeevFundamental Research$63.10$55.2514.21%64.84%
Oct 29, 2021Anita SoniCIBC$69.00$53.0929.97%80.25%
Jul 26, 2021Greg BarnesTD Securities$70.00$58.8219.01%82.86%
May 20, 2021John SclodnickDesjardins$85.94$71.3920.38%124.51%
May 05, 2021David ColemanArgus Research$73.00$62.6816.46%90.70%
Apr 30, 2021Andrew KaipBMO Capital$85.00$60.3340.89%122.05%

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 41.07% increase from NEM last price ($38.28).

Newmont Price Target by Period

1M3M12M
# Anlaysts-310
Avg Price Target-$56.67$55.70
Last Closing Price$38.28$38.28$38.28
Upside/Downside-100.00%48.04%45.51%

In the current month, the average price target of Newmont stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Newmont's last price of $38.28. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024UBSBuyNeutralDowngrade
Oct 24, 2024CIBCOutperformNeutralDowngrade
Oct 24, 2024RBC CapitalSector PerformSector PerformHold
Oct 04, 2024JefferiesBuyBuyHold
Sep 17, 2024UBSBuyBuyHold
Sep 10, 2024JefferiesBuyBuyHold
Aug 19, 2024ScotiabankSector PerformOutperformUpgrade
Jul 25, 2024BMO CapitalOutperformOutperformHold
Jul 17, 2024National BankSector PerformSector PerformHold
Jul 12, 2024JefferiesBuyBuyHold
Jul 10, 2024CIBCOutperformUpgrade
May 23, 2024ScotiabankSector PerformSector PerformHold
May 03, 2024National BankSector PerformSector PerformHold
May 01, 2024National BankOutperformSector PerformDowngrade
Apr 05, 2024CitigroupBuyBuyHold
Apr 05, 2024National BankOutperformOutperformHold
Dec 15, 2023Goldman SachsBuyBuyHold
Jul 07, 2023BarclaysBuyOverweightUpgrade
Apr 04, 2023CitigroupBuyBuyHold
Feb 24, 2023Craig-HallumBuyInitialise
Feb 24, 2023Janney MontgomeryNeutralInitialise
Feb 24, 2023ScotiabankSector PerformInitialise
Feb 24, 2023TD SecuritiesBuyUpgrade
Feb 13, 2023Exane BNP ParibasOutperformUpgrade
Sep 12, 2022Goldman SachsBuyInitialise
Sep 06, 2022UBSBuyUpgrade
Jul 27, 2022Canaccord GenuityHoldBuyUpgrade
May 02, 2022BarclaysBuyBuyHold
Apr 26, 2022Canaccord GenuityHoldHoldHold
Apr 26, 2022Credit SuisseNeutralDowngrade
Apr 25, 2022National BankSector PerformDowngrade
Apr 25, 2022BernsteinMarket PerformDowngrade

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 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$4.16B$4.15B$4.28B$4.34B$4.65B$4.63B$4.80B$4.81B$5.15B$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$5.26B$5.26B$5.23B$5.24B$4.50B$4.49B$4.64B$4.70B$5.03B$5.01B$5.20B$4.95B$5.39B$4.66B$4.13B$3.66B$3.72B$3.05B$3.17B$2.97B$3.34B$2.85B$3.04B$3.08B$3.35B$3.14B$3.10B$3.18B$3.48B$3.25B
Low Forecast$4.58B$4.58B$4.55B$4.56B$3.92B$3.91B$4.04B$4.09B$4.38B$4.36B$4.52B$4.66B$4.90B$4.61B$4.13B$3.66B$3.24B$2.65B$2.76B$2.59B$2.91B$2.85B$3.04B$3.08B$3.35B$3.14B$3.10B$3.18B$3.48B$3.25B
# Analysts111111111112311111111111111119
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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112311111111111111119
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$1.57B$1.57B$1.62B$1.64B$1.75B$1.75B$1.81B$1.81B$1.94B$1.75B$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$1.98B$1.99B$1.97B$1.98B$1.70B$1.70B$1.75B$1.77B$1.90B$1.89B$1.96B$1.87B$2.03B$1.76B$1.56B$1.90B$1.40B$1.15B$1.20B$1.72B$1.25B$1.17B$1.25B$1.57B$1.38B$1.29B$1.28B$1.77B$1.44B$1.34B
Low Forecast$1.73B$1.73B$1.72B$1.72B$1.48B$1.48B$1.52B$1.54B$1.65B$1.65B$1.71B$1.76B$1.85B$1.74B$1.56B$1.26B$1.22B$1.00B$1.04B$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112311111111111111119
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$1.06B$1.04B$1.01B$1.01B$929.84M$930.37M$997.71M$962.85M$1.06B$1.05B$1.06B$1.06B$1.22B$995.26M$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$1.18B$1.15B$1.12B$1.12B$1.03B$1.03B$1.10B$1.07B$1.18B$1.17B$1.17B$1.10B$1.54B$1.04B$708.65M$668.82M$714.84M$689.25M$547.27M$608.02M$-39.95M$414.44M$758.86M$552.74M$886.67M$872.49M$917.00M$696.94M$1.10B$971.29M
Low Forecast$982.68M$960.68M$932.83M$935.60M$860.29M$860.77M$923.08M$890.83M$983.81M$973.89M$979.05M$1.01B$1.06B$954.36M$708.09M$445.88M$291.98M$326.49M$457.32M$405.35M$-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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112311111111111111119
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$104.12M$103.92M$107.28M$108.79M$116.44M$115.88M$120.19M$120.44M$128.91M$116.03M$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$131.72M$131.76M$130.96M$131.14M$112.71M$112.48M$116.12M$117.76M$126.03M$125.43M$130.10M$123.83M$134.99M$116.67M$103.49M$95.55M$93.12M$76.35M$79.49M$86.86M$89.90M$71.33M$76.27M$78.96M$83.85M$78.62M$77.60M$81.04M$87.28M$81.45M
Low Forecast$114.69M$114.72M$114.02M$114.18M$98.13M$97.94M$101.10M$102.53M$109.74M$109.21M$113.27M$116.78M$122.57M$115.38M$103.49M$63.70M$81.08M$66.48M$69.21M$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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112311111111111111119
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$0.92$0.90$0.88$0.88$0.81$0.81$0.87$0.84$0.93$0.92$0.92$0.92$1.06$0.87$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$1.02$1.00$0.97$0.97$0.90$0.90$0.96$0.93$1.02$1.01$1.02$0.96$1.34$0.90$0.62$0.36$0.62$0.60$0.48$0.38$0.50$0.36$0.66$0.71$0.77$0.76$0.79$0.79$0.95$0.84
Low Forecast$0.86$0.84$0.81$0.81$0.75$0.75$0.80$0.78$0.86$0.85$0.85$0.88$0.92$0.83$0.62$0.36$0.25$0.28$0.40$0.31$0.42$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NEMNewmont$39.80$57.8645.38%Buy
SANDSandstorm Gold$5.61$7.5033.69%Buy
WPMWheaton Precious Metals$59.76$73.5022.99%Buy
IAGIAMGOLD$5.31$6.4020.53%Hold
KGCKinross Gold$9.57$11.5020.17%Buy
RGLDRoyal Gold$144.27$169.4017.42%Buy
FNVFranco-Nevada$119.08$139.0016.73%Buy
GFIGold Fields$13.90$16.0015.11%Hold
PAASPan American Silver$22.00$23.004.55%Buy
AEMAgnico Eagle Mines$81.73$79.80-2.36%Buy

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 $57.86 with a range of $53 to $63, implying a 51.15% from its last price of $38.28. 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 51.15% (from the last price of $38.28 to the average price target of $57.86), up by 64.58% based on the highest stock price target, and up by 38.45% based on the lowest stock price target.

Can Newmont stock reach $60?

NEM's highest twelve months analyst stock price target of $63 supports the claim that Newmont can reach $60 in the near future.

What are Newmont's analysts' financial forecasts?

Newmont's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $16.94B (high $18.33B, low $15.96B), average EBITDA is $6.39B (high $6.92B, low $6.02B), average net income is $3.82B (high $4.23B, low $3.53B), average SG&A $424.1M (high $459.06M, low $399.7M), and average EPS is $3.33 (high $3.68, low $3.08). NEM's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $19.39B (high $20.99B, low $18.28B), average EBITDA is $7.32B (high $7.92B, low $6.9B), average net income is $4.12B (high $4.56B, low $3.81B), average SG&A $485.56M (high $525.59M, low $457.62M), and average EPS is $3.59 (high $3.97, low $3.32).

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%