Newmont Corporation (NEM)

Newmont Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Newmont stock have an average target of 55.18, with a low estimate of 45 and a high estimate of 63. The average target predicts an increase of 0.18% from the current stock price of 55.08.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$45	$55.18	$57	$63
Change	-18.30%	+0.18%	+3.49%	+14.38%

Analyst Ratings

The average analyst rating for Newmont stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	4	4	4	4	4	4
Buy	4	4	4	4	4	4
Hold	6	6	5	5	5	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	15	15	14	14	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Major UBS	UBS	Hold → Strong Buy Upgrades $50 → $60	Hold → Strong Buy	Upgrades	$50 → $60	+8.93%	Apr 11, 2025
Brian MacArthur Raymond James	Raymond James	Buy Maintains $54 → $63	Buy	Maintains	$54 → $63	+14.38%	Apr 4, 2025
Josh Wolfson RBC Capital	RBC Capital	Hold Maintains $51 → $52	Hold	Maintains	$51 → $52	-5.59%	Apr 4, 2025
Tanya Jakusconek Scotiabank	Scotiabank	Hold Maintains $52 → $50	Hold	Maintains	$52 → $50	-9.22%	Jan 21, 2025
Baden Moore CLSA	CLSA	Sell Initiates n/a	Sell	Initiates	n/a	n/a	Nov 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

18.52B

Decreased by -0.88%

from 18.68B

Revenue Next Year

18.65B

Increased by 0.72%

from 18.52B

EPS This Year

3.19

Increased by 9.12%

from 2.92

EPS Next Year

3.38

Increased by 5.97%

from 3.19

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	11.50B	12.22B	11.92B	11.81B	18.68B	18.52B	18.65B	18.71B
Revenue Growth	18.04%	6.31%	-2.51%	-0.86%	58.16%	-0.88%	0.72%	0.33%
EPS	3.51	1.46	-0.54	-2.97	2.92	3.19	3.38	3.24
EPS Growth	-7.87%	-58.45%	-	-	-	9.12%	5.97%	-4.11%
Forward PE	-	-	-	-	-	17.29	16.32	17.02
No. Analysts	-	-	-	-	-	21	18	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	21.2B	22.6B	23.5B
Avg	18.5B	18.7B	18.7B
Low	16.4B	15.5B	14.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	13.3%	21.9%	25.8%
Avg	-0.9%	0.7%	0.3%
Low	-12.5%	-16.3%	-20.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.15	4.75	5.37
Avg	3.19	3.38	3.24
Low	2.29	2.53	2.24

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	42.1%	49.0%	58.9%
Avg	9.1%	6.0%	-4.1%
Low	-21.4%	-20.6%	-33.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.