Newmont Corporation (NEM)
NYSE: NEM · Real-Time Price · USD
53.98
+1.15 (2.18%)
At close: May 9, 2025, 4:00 PM
54.25
+0.27 (0.50%)
After-hours: May 9, 2025, 7:58 PM EDT
Newmont Stock Forecast
Stock Price Forecast
According to 10 professional analysts, the 12-month price target for Newmont stock ranges from a low of $45 to a high of $63. The average price target of $55.9 forecasts a 3.56% increase in the stock price over the next year.
Price Target: $55.90 (+3.56%)
Analyst Consensus: Buy
* Price targets were last updated on Apr 11, 2025.
Analyst Ratings
The average analyst rating for Newmont stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 6 | 5 | 5 | 5 | 4 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 14 | 14 | 13 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold → Strong Buy Upgrades $50 → $60 | Hold → Strong Buy | Upgrades | $50 → $60 | +11.15% | Apr 11, 2025 |
| Raymond James | Raymond James | Buy Maintains $54 → $63 | Buy | Maintains | $54 → $63 | +16.71% | Apr 4, 2025 |
| RBC Capital | RBC Capital | Hold Maintains $51 → $52 | Hold | Maintains | $51 → $52 | -3.67% | Apr 4, 2025 |
| Scotiabank | Scotiabank | Hold Maintains $52 → $50 | Hold | Maintains | $52 → $50 | -7.37% | Jan 21, 2025 |
| CLSA | CLSA | Sell Initiates n/a | Sell | Initiates | n/a | n/a | Nov 29, 2024 |
Financial Forecast
Revenue This Year
18.81B
from 18.68B
Increased by 0.70%
Revenue Next Year
18.82B
from 18.81B
Increased by 0.03%
EPS This Year
4.03
from 2.92
Increased by 38.19%
EPS Next Year
4.38
from 4.03
Increased by 8.46%
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 | 18.8B | 18.8B | 18.9B | ||
| Low | 16.4B | 15.9B | 14.9B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 13.3% | 20.0% | 24.6% | ||
| Avg | 0.7% | 0.0% | 0.4% | ||
| Low | -12.5% | -15.5% | -20.9% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 5.21 | 6.49 | 6.92 | ||
| Avg | 4.03 | 4.38 | 4.16 | ||
| Low | 2.82 | 2.71 | 2.24 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 78.4% | 60.9% | 58.2% | ||
| Avg | 38.2% | 8.5% | -4.9% | ||
| Low | -3.3% | -32.9% | -48.7% |
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.